Todays Report: Today, Great West Life Assurance Co. Can Boosts Stake in Ryder System Inc. (R)

Today, Great West Life Assurance Co. Can Boosts Stake in Ryder System Inc. (R)

Great West Life Assurance Co. Can increased its position in Ryder System Inc. (NYSE:R) by 1.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,001 shares of the company’s stock after buying an additional 318 shares during the period. Great West Life Assurance Co. Can’s holdings in Ryder System were worth $1,847,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the company. Gateway Investment Advisers LLC raised its position in shares of Ryder System by 0.5% in the third quarter. Gateway Investment Advisers LLC now owns 4,182 shares of the company’s stock worth $276,000 after buying an additional 19 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Ryder System by 0.8% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,477 shares of the company’s stock worth $457,000 after buying an additional 62 shares during the last quarter. World Asset Management Inc raised its position in shares of Ryder System by 1.2% in the second quarter. World Asset Management Inc now owns 5,647 shares of the company’s stock worth $345,000 after buying an additional 65 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of Ryder System by 1.7% in the second quarter. CIBC Asset Management Inc now owns 4,810 shares of the company’s stock worth $294,000 after buying an additional 82 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of Ryder System by 0.5% in the second quarter. Thrivent Financial for Lutherans now owns 18,550 shares of the company’s stock worth $1,134,000 after buying an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 91.65% of the company’s stock.

Shares of Ryder System Inc. (NYSE:R) traded down 2.87% on Monday, reaching $79.22. The company had a trading volume of 785,698 shares. Ryder System Inc. has a 12 month low of $45.12 and a 12 month high of $81.61. The company’s 50-day moving average is $71.39 and its 200 day moving average is $67.13. The firm has a market capitalization of $4.24 billion, a PE ratio of 14.59 and a beta of 1.23.

Ryder System (NYSE:R) last released its earnings results on Tuesday, October 25th. The company reported $1.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.66 by $0.01. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.70 billion. Ryder System had a return on equity of 15.76% and a net margin of 4.32%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.74 EPS. Equities analysts forecast that Ryder System Inc. will post $5.76 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Monday, November 21st will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Thursday, November 17th. Ryder System’s dividend payout ratio (DPR) is currently 32.35%.

A number of brokerages have issued reports on R. Zacks Investment Research raised Ryder System from a “sell” rating to a “hold” rating in a research report on Friday, September 23rd. Aegis began coverage on Ryder System in a research report on Monday, October 24th. They issued a “buy” rating and a $77.00 target price on the stock. KeyCorp reaffirmed a “hold” rating on shares of Ryder System in a research report on Sunday, October 9th. Stifel Nicolaus lowered Ryder System from a “buy” rating to a “hold” rating and set a $75.00 target price on the stock. in a research report on Tuesday, November 15th. They noted that the move was a valuation call. Finally, initiated coverage on Ryder System in a research report on Friday, September 30th. They issued a “buy” rating and a $80.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $72.67.

In other news, EVP John J. Gleason sold 978 shares of Ryder System stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $79.15, for a total transaction of $77,408.70. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Dennis C. Cooke sold 6,000 shares of Ryder System stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $79.27, for a total value of $475,620.00. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

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 full 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; 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.

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