Skandinaviska Enskilda Banken AB publ Purchases Shares of 6,300 Ryder System, Inc. $R

Skandinaviska Enskilda Banken AB publ purchased a new position in Ryder System, Inc. (NYSE:R) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 6,300 shares of the transportation company’s stock, valued at approximately $1,002,000.

Other institutional investors have also recently made changes to their positions in the company. Valeo Financial Advisors LLC increased its holdings in shares of Ryder System by 51,455.2% in the second quarter. Valeo Financial Advisors LLC now owns 2,868,534 shares of the transportation company’s stock worth $456,097,000 after purchasing an additional 2,862,970 shares during the last quarter. Norges Bank purchased a new position in Ryder System during the 2nd quarter valued at approximately $103,814,000. Wellington Management Group LLP increased its stake in Ryder System by 16.2% in the 1st quarter. Wellington Management Group LLP now owns 2,984,836 shares of the transportation company’s stock worth $429,249,000 after acquiring an additional 415,103 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Ryder System during the 1st quarter worth approximately $18,204,000. Finally, Bahl & Gaynor Inc. boosted its position in shares of Ryder System by 149.0% during the 2nd quarter. Bahl & Gaynor Inc. now owns 145,700 shares of the transportation company’s stock valued at $23,166,000 after acquiring an additional 87,197 shares during the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on R. JPMorgan Chase & Co. boosted their price target on shares of Ryder System from $194.00 to $197.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Wall Street Zen raised shares of Ryder System from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Citigroup assumed coverage on shares of Ryder System in a research report on Monday, September 22nd. They set a “buy” rating and a $217.00 target price on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ryder System in a report on Wednesday, October 8th. Finally, Barclays boosted their price objective on Ryder System from $190.00 to $220.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $195.89.

Ryder System Price Performance

R stock opened at $172.01 on Wednesday. Ryder System, Inc. has a 12 month low of $125.54 and a 12 month high of $195.48. 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 50-day moving average price of $175.75 and a 200 day moving average price of $172.29. The stock has a market cap of $6.95 billion, a PE ratio of 14.53 and a beta of 1.05.

Ryder System (NYSE:R) last posted its quarterly earnings data on Thursday, October 23rd. The transportation company reported $3.57 earnings per share for the quarter, topping analysts’ consensus estimates of $3.56 by $0.01. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $3.19 billion. Ryder System had a net margin of 3.96% and a return on equity of 17.69%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the company posted $3.44 EPS. Ryder System has set its Q4 2025 guidance at 3.500-3.700 EPS and its FY 2025 guidance at 12.850-13.050 EPS. Equities research analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Monday, November 17th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis 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 currently 30.74%.

Ryder System Company 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.