The New Mexico Educational Retirement Board Continues to Hold Position in Ryder System, Inc. (R)

The New Mexico Educational Retirement Board Continues to Hold Position in Ryder System, Inc. (R)

Several other hedge funds also recently modified their holdings of the company. LSV Asset Management increased its position in Ryder System by 313.4% in the third quarter. LSV Asset Management now owns 2,268,976 shares of the transportation company’s stock valued at $149,638,000 after buying an additional 1,720,119 shares in the last quarter. Luminus Management LLC purchased a new position in Ryder System during the fourth quarter valued at $113,937,000. Wells Fargo & Company MN increased its position in Ryder System by 50.3% in the first quarter. Wells Fargo & Company MN now owns 2,325,451 shares of the transportation company’s stock valued at $175,432,000 after buying an additional 777,840 shares in the last quarter. Norges Bank purchased a new position in Ryder System during the fourth quarter valued at $38,789,000. Finally, Copeland Capital Management LLC purchased a new position in Ryder System during the third quarter valued at $18,706,000. 90.68% of the stock is owned by institutional investors and hedge funds.

New Mexico Educational Retirement Board continued to hold its stake in shares of Ryder System, Inc. (NYSE:R) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,410 shares of the transportation company’s stock at the end of the first quarter. New Mexico Educational Retirement Board’s holdings in Ryder System were worth $408,000 as of its most recent SEC filing.

Shares of Ryder System, Inc. (R) opened at 66.70 on Monday. The stock has a market cap of $3.57 billion, a PE ratio of 14.60 and a beta of 1.27. The firm has a 50-day moving average price of $68.32 and a 200-day moving average price of $74.60. Ryder System, Inc. has a 52 week low of $56.98 and a 52 week high of $85.42.

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

Ryder System (NYSE:R) last released its earnings results on Tuesday, April 25th. The transportation company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by $0.02. Ryder System had a return on equity of 14.10% and a net margin of 3.87%. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the prior year, the business earned $1.12 EPS. The company’s quarterly revenue was up 7.3% on a year-over-year basis. On average, analysts forecast that Ryder System, Inc. will post $4.35 earnings per share for the current fiscal year. Several equities analysts have weighed in on R shares. Zacks Investment Research downgraded Ryder System from a “hold” rating to a “strong sell” rating in a research report on Friday, April 28th. Seaport Global Securities began coverage on Ryder System in a research note on Friday, April 21st. They issued a “neutral” rating for the company. Finally, Stephens cut Ryder System from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $81.00 to $71.00 in a research note on Wednesday, April 26th. One 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 stock. Ryder System 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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