New York Life Investment Management LLC Makes New $684,000 Investment in Ryder System, Inc. $R

New York Life Investment Management LLC purchased a new position in shares of Ryder System, Inc. (NYSE:R) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,299 shares of the transportation company’s stock, valued at approximately $684,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. TCTC Holdings LLC lifted its stake in Ryder System by 116.5% during the 1st quarter. TCTC Holdings LLC now owns 223 shares of the transportation company’s stock worth $32,000 after acquiring an additional 120 shares in the last quarter. IFP Advisors Inc grew its position in Ryder System by 103.6% in the 2nd quarter. IFP Advisors Inc now owns 224 shares of the transportation company’s stock valued at $36,000 after acquiring an additional 114 shares in the last quarter. Trust Co. of Toledo NA OH purchased a new stake in Ryder System during the second quarter worth about $37,000. Geneos Wealth Management Inc. lifted its position in shares of Ryder System by 61.2% during the first quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company’s stock worth $41,000 after purchasing an additional 109 shares in the last quarter. Finally, Harbor Asset Planning Inc. purchased a new position in shares of Ryder System in the second quarter valued at approximately $59,000. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Ryder System Price Performance

Ryder System stock opened at $169.62 on Monday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.35. The company has a fifty day simple moving average of $183.43 and a 200-day simple moving average of $168.38. The stock has a market cap of $6.85 billion, a P/E ratio of 14.33 and a beta of 1.00. Ryder System, Inc. has a 12-month low of $125.54 and a 12-month high of $195.48.

Ryder System (NYSE:R) last posted its earnings results on Thursday, October 23rd. The transportation company reported $3.57 EPS for the quarter, beating the consensus estimate of $3.56 by $0.01. The firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.19 billion. Ryder System had a return on equity of 17.69% and a net margin of 3.96%.Ryder System’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.44 earnings per share. Ryder System has set its Q4 2025 guidance at 3.500-3.700 EPS. FY 2025 guidance at 12.850-13.050 EPS. Equities analysts expect that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Monday, November 17th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, November 17th. Ryder System’s dividend payout ratio (DPR) is 30.74%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on R shares. Robert W. Baird upped their target price on shares of Ryder System from $186.00 to $192.00 and gave the stock an “outperform” rating in a research note on Monday, July 28th. Stephens upped their price objective on Ryder System from $150.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. Morgan Stanley increased their price objective on Ryder System from $175.00 to $190.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Wall Street Zen upgraded Ryder System from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Finally, Barclays upped their price target on Ryder System from $190.00 to $220.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Ryder System has an average rating of “Moderate Buy” and an average target price of $195.89.

Insider Buying and Selling

In related news, insider Thomas M. Havens sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $181.77, for a total transaction of $1,181,505.00. Following the completion of the sale, the insider owned 32,478 shares in the company, valued at $5,903,526.06. The trade was a 16.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Steve W. Martin sold 5,500 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $186.98, for a total value of $1,028,390.00. Following the completion of the transaction, the executive vice president directly owned 24,235 shares of the company’s stock, valued at $4,531,460.30. This trade represents a 18.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 12,532 shares of company stock worth $2,309,634 over the last 90 days. 5.20% of the stock is owned by insiders.

Ryder System Profile

Ryder System, Inc operates as a logistics and transportation company worldwide. It operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full-service leasing and leasing with flexible maintenance options; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website, as well as digital and technology support services.