The Cibc World Markets Corp Acquires 1,914 Shares of Ryder System, Inc. (R)

The Cibc World Markets Corp Acquires 1,914 Shares of Ryder System, Inc. (R)

A number of other large investors also recently bought and sold shares of R. Schroder Investment Management Group increased its stake in Ryder System by 3.9% in the first quarter. Schroder Investment Management Group now owns 728,635 shares of the transportation company’s stock worth $55,071,000 after buying an additional 27,507 shares during the period. Cipher Capital LP increased its stake in Ryder System by 110.1% in the first quarter. Cipher Capital LP now owns 8,641 shares of the transportation company’s stock worth $652,000 after buying an additional 4,529 shares during the period. Stifel Financial Corp increased its stake in Ryder System by 11.4% in the first quarter. Stifel Financial Corp now owns 17,821 shares of the transportation company’s stock worth $1,352,000 after buying an additional 1,821 shares during the period. Prudential Financial Inc. increased its stake in Ryder System by 3.6% in the first quarter. Prudential Financial Inc. now owns 229,255 shares of the transportation company’s stock worth $17,295,000 after buying an additional 8,000 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Ryder System by 3.2% in the first quarter. JPMorgan Chase & Co. now owns 61,306 shares of the transportation company’s stock worth $4,625,000 after buying an additional 1,894 shares during the period. 90.68% of the stock is owned by institutional investors and hedge funds.

Cibc World Markets Corp boosted its stake in shares of Ryder System, Inc. (NYSE:R) by 52.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,581 shares of the transportation company’s stock after buying an additional 1,914 shares during the period. Cibc World Markets Corp’s holdings in Ryder System were worth $421,000 at the end of the most recent reporting period.

Ryder System, Inc. (NYSE R) traded up 0.12% on Friday, hitting $66.70. 460,741 shares of the company were exchanged. The company has a market capitalization of $3.57 billion, a P/E ratio of 14.60 and a beta of 1.27. Ryder System, Inc. has a 52 week low of $56.98 and a 52 week high of $85.42. The firm’s 50 day moving average is $68.32 and its 200 day moving average is $74.60.

Ryder System (NYSE:R) last posted its quarterly earnings results on Tuesday, April 25th. The transportation company reported $0.82 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.84 by $0.02. Ryder System had a return on equity of 14.10% and a net margin of 3.87%. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period last year, the company earned $1.12 earnings per share. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities research analysts forecast that Ryder System, Inc. will post $4.35 earnings per share for the current fiscal year. The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Investors of record on Monday, May 22nd will be given a $0.44 dividend. The ex-dividend date of this dividend is Thursday, May 18th. This represents a $1.76 annualized dividend and a dividend yield of 2.64%. Ryder System’s dividend payout ratio is presently 35.77%.

Several research analysts have recently weighed in on R shares. Stephens cut shares of Ryder System from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $81.00 to $71.00 in a research note on Wednesday, April 26th. Zacks Investment Research cut shares of Ryder System from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 7th. Finally, Seaport Global Securities started coverage on shares of Ryder System in a research note on Friday, April 21st. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $75.75. Ryder System Company Profile

Ryder System, Inc is engaged in offering transportation and supply chain management solutions. The Company operates through three segments: Fleet Management Solutions (FMS), which provides leasing, commercial rental, contract maintenance, and contract-related maintenance of trucks, tractors and trailers to customers principally in the United States, Canada and the United Kingdom; Dedicated Transportation Solutions (DTS), which provides vehicles and drivers as part of a dedicated transportation solution in the United States, and Supply Chain Solutions (SCS), which provides supply chain solutions, including distribution and transportation services in North America and Asia.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “R”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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