Ryder System (R) : Artemis Investment Management Llp reduced its stake in Ryder System by 71.88% during the most recent quarter end. The investment management company now holds a total of 385,386 shares of Ryder System which is valued at $24,865,105 after selling 985,128 shares in Ryder System , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Ryder System makes up approximately 0.65% of Artemis Investment Management Llp’s portfolio.
Other Hedge Funds, Including , Retirement Systems Of Alabama boosted its stake in R in the latest quarter, The investment management firm added 197 additional shares and now holds a total of 27,377 shares of Ryder System which is valued at $1,766,364. Ryder System makes up approx 0.01% of Retirement Systems Of Alabama’s portfolio.Jfs Wealth Advisors boosted its stake in R in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 1,235 shares of Ryder System which is valued at $79,682. Ryder System makes up approx 0.02% of Jfs Wealth Advisors’s portfolio.Huntington National Bank reduced its stake in R by selling 1,454 shares or 97.91% in the most recent quarter. The Hedge Fund company now holds 31 shares of R which is valued at $2,000.Checchi Capital Advisers boosted its stake in R in the latest quarter, The investment management firm added 498 additional shares and now holds a total of 917 shares of Ryder System which is valued at $63,502. Ryder System makes up approx 0.02% of Checchi Capital Advisers’s portfolio.Nisa Investment Advisors reduced its stake in R by selling 25 shares or 0.38% in the most recent quarter. The Hedge Fund company now holds 6,639 shares of R which is valued at $451,718. Ryder System makes up approx 0.01% of Nisa Investment Advisors’s portfolio.
Ryder System opened for trading at $65.3 and hit $66.485 on the upside on Friday, eventually ending the session at $65.9, with a gain of 0.43% or 0.28 points. The heightened volatility saw the trading volume jump to 6,67,801 shares. Company has a market cap of $3,524 M.
On the company’s financial health, Ryder System reported $1.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $1.53. The company had revenue of $1703.70 million for the quarter, compared to analysts expectations of $1688.26 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.65 EPS.
Investors should note that on Jul 15, 2016, Ryder System announced a cash dividend of $0.4400. The company’s management has announced Aug 18, 2016 as the ex-dividend date and fixed the record date on Aug 22, 2016. The payable date has been fixed on Sep 16, 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.