Ryder System, Inc. $R Shares Sold by Courier Capital LLC

Courier Capital LLC lowered its position in shares of Ryder System, Inc. (NYSE:RFree Report) by 1.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,436 shares of the transportation company’s stock after selling 162 shares during the quarter. Courier Capital LLC’s holdings in Ryder System were worth $2,295,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. State of Alaska Department of Revenue raised its holdings in shares of Ryder System by 2.2% during the first quarter. State of Alaska Department of Revenue now owns 4,928 shares of the transportation company’s stock valued at $708,000 after acquiring an additional 105 shares during the last quarter. DAVENPORT & Co LLC purchased a new stake in shares of Ryder System in the first quarter valued at approximately $557,000. GAMMA Investing LLC grew its position in Ryder System by 41.8% in the first quarter. GAMMA Investing LLC now owns 1,278 shares of the transportation company’s stock worth $184,000 after acquiring an additional 377 shares during the period. Meiji Yasuda Asset Management Co Ltd. purchased a new position in Ryder System in the first quarter worth approximately $4,721,000. Finally, Voya Investment Management LLC grew its position in Ryder System by 34.4% in the first quarter. Voya Investment Management LLC now owns 42,782 shares of the transportation company’s stock worth $6,152,000 after acquiring an additional 10,957 shares during the period. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Stock Up 1.8%

Shares of NYSE R opened at $179.68 on Tuesday. The stock has a market cap of $7.33 billion, a P/E ratio of 15.28 and a beta of 1.00. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.27. Ryder System, Inc. has a 12-month low of $125.54 and a 12-month high of $195.48. The business’s fifty day simple moving average is $184.74 and its 200-day simple moving average is $164.71.

Ryder System (NYSE:RGet Free Report) last posted its quarterly earnings results on Thursday, July 24th. The transportation company reported $3.32 earnings per share for the quarter, beating analysts’ consensus estimates of $3.11 by $0.21. Ryder System had a return on equity of 17.83% and a net margin of 3.99%.The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same period last year, the firm earned $3.00 earnings per share. Ryder System’s quarterly revenue was up .2% on a year-over-year basis. Ryder System has set its Q3 2025 guidance at 3.450-3.650 EPS. FY 2025 guidance at 12.850-13.300 EPS. As a group, equities analysts predict that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Monday, November 17th will be paid a $0.91 dividend. The ex-dividend date is Monday, November 17th. This represents a $3.64 dividend on an annualized basis and a yield of 2.0%. Ryder System’s dividend payout ratio (DPR) is currently 30.95%.

Insider Activity at Ryder System

In other Ryder System news, CEO Robert E. Sanchez sold 22,063 shares of the firm’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $182.49, for a total transaction of $4,026,276.87. Following the transaction, the chief executive officer owned 62,887 shares of the company’s stock, valued at approximately $11,476,248.63. This trade represents a 25.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director E Follin Smith sold 5,523 shares of the firm’s stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $177.66, for a total value of $981,216.18. Following the transaction, the director directly owned 33,779 shares in the company, valued at approximately $6,001,177.14. The trade was a 14.05% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,618 shares of company stock valued at $7,587,997. Corporate insiders own 5.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on R shares. Barclays increased their price objective on Ryder System from $190.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Wall Street Zen upgraded Ryder System from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Susquehanna began coverage on Ryder System in a research report on Tuesday, July 15th. They issued a “positive” rating and a $215.00 price objective for the company. Robert W. Baird upped their price target on Ryder System from $186.00 to $192.00 and gave the stock an “outperform” rating in a research note on Monday, July 28th. Finally, Stephens upped their price target on Ryder System from $150.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $193.22.

Read Our Latest Stock Analysis on R

Ryder System Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ryder System (NYSE:R)

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