Ryder System (R) : Pacific Heights Asset Management scooped up 105,000 additional shares in Ryder System during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 215,000 shares of Ryder System which is valued at $14.1 Million.Ryder System makes up approximately 1.34% of Pacific Heights Asset Management’s portfolio.
Other Hedge Funds, Including , Gsa Capital Partners Llp reduced its stake in R by selling 17,891 shares or 67.34% in the most recent quarter. The Hedge Fund company now holds 8,676 shares of R which is valued at $568,625. Ryder System makes up approx 0.04% of Gsa Capital Partners Llp’s portfolio.Blackrock Advisors reduced its stake in R by selling 408 shares or 1.97% in the most recent quarter. The Hedge Fund company now holds 20,284 shares of R which is valued at $1.3 Million. Waterfront Capital Partners added R to its portfolio by purchasing 163,000 company shares during the most recent quarter which is valued at $10.7 Million. Ryder System makes up approx 1.75% of Waterfront Capital Partners’s portfolio.Bank Of The West boosted its stake in R in the latest quarter, The investment management firm added 860 additional shares and now holds a total of 18,161 shares of Ryder System which is valued at $1.2 Million. Ryder System makes up approx 0.17% of Bank Of The West’s portfolio.Nisa Investment Advisors L.l.c. reduced its stake in R by selling 1,600 shares or 19.36% in the most recent quarter. The Hedge Fund company now holds 6,664 shares of R which is valued at $459,283. Ryder System makes up approx 0.01% of Nisa Investment Advisors L.l.c.’s portfolio.
Ryder System closed down -0.31 points or -0.47% at $65.23 with 8,36,904 shares getting traded on Monday. Post opening the session at $65.48, the shares hit an intraday low of $64.09 and an intraday high of $66.56 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Ryder System reported $1.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $1.05. The company had revenue of $1629.70 million for the quarter, compared to analysts expectations of $1605.49 million. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS.
Investors should note that on May 6, 2016, Ryder System announced a cash dividend of $0.4100. The company’s management has announced May 19, 2016 as the ex-dividend date and fixed the record date on May 23, 2016. The payable date has been fixed on Jun 17, 2016.
Many Wall Street Analysts have commented on Ryder System. Company shares were Reiterated by RBC Capital Mkts on Apr 27, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 73 from a previous price target of $54 .Ryder System was Initiated by JP Morgan to “Neutral” on Feb 29, 2016.
Ryder System Inc. (Ryder) is engaged in offering commercial fleet management and supply chain solutions. Ryder operates in two segments: Fleet Management Solutions (FMS) and Supply Chain Solutions (SCS). The Fleet Management Solutions segment provides service leasing commercial rental contract maintenance and contract-related maintenance of trucks tractors and trailers to customers in the United States Canada and the United Kingdom. The Supply Chain Solutions segment provides supply chain solutions including distribution and transportation services in North America and Asia. The Supply Chain Solutions segment also provides services which includes vehicles and drivers as part of a transportation solution in the United States. In addition the Company’s SCS business as well as its FMS business provides customers with capacity management services.