Ryder System (R) : Creegan Nassoura Financial Group scooped up 2 additional shares in Ryder System during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 10,381 shares of Ryder System which is valued at $677,672.Ryder System makes up approximately 0.78% of Creegan Nassoura Financial Group’s portfolio.
Other Hedge Funds, Including , Adage Capital Partners Gp L.l.c. reduced its stake in R by selling 1,500 shares or 1.93% in the most recent quarter. The Hedge Fund company now holds 76,200 shares of R which is valued at $4,974,336. Ryder System makes up approx 0.01% of Adage Capital Partners Gp L.l.c.’s portfolio. Nuveen Asset Management sold out all of its stake in R during the most recent quarter. The investment firm sold 6,593 shares of R which is valued $430,391. Dekabank Deutsche Girozentrale added R to its portfolio by purchasing 5,200 company shares during the most recent quarter which is valued at $341,536. Everence Capital Management Inc sold out all of its stake in R during the most recent quarter. The investment firm sold 4,249 shares of R which is valued $270,194.
Ryder System opened for trading at $65.73 and hit $66.54 on the upside on Thursday, eventually ending the session at $65.94, with a gain of 0.64% or 0.42 points. The heightened volatility saw the trading volume jump to 5,83,824 shares. Company has a market cap of $3,526 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.
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.