Strs Ohio Takes $2.48 Million Position in Ryder System, Inc. $R

Key Points

• Strs Ohio acquired 17,235 shares of Ryder System, Inc. in the first quarter, valued at approximately $2,479,000, contributing to the institutional holdings which now dominate 87.47% of the company's stock.
• Ryder System recently increased its quarterly dividend to $0.91, up from $0.81, reflecting a growing financial performance with an annualized yield of 1.9%.
• A number of analysts have upgraded Ryder System's stock rating, with Baird R W labeling it as a "strong-buy" and various firms raising their price targets, indicating confidence in the company's future growth potential.

Strs Ohio bought a new stake in shares of Ryder System, Inc. (NYSE:R - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 17,235 shares of the transportation company's stock, valued at approximately $2,479,000.

Other institutional investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Ryder System during the first quarter valued at $26,000. TCTC Holdings LLC grew its stake in Ryder System by 116.5% during the first quarter. TCTC Holdings LLC now owns 223 shares of the transportation company's stock valued at $32,000 after acquiring an additional 120 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Ryder System by 61.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company's stock worth $41,000 after buying an additional 109 shares in the last quarter. Curat Global LLC purchased a new position in shares of Ryder System in the 1st quarter worth $55,000. Finally, Quarry LP purchased a new position in shares of Ryder System in the 1st quarter worth $60,000. 87.47% of the stock is owned by hedge funds and other institutional investors.

Ryder System Stock Down 1.1%

Shares of NYSE R traded down $1.98 during trading hours on Friday, hitting $183.65. 700,934 shares of the stock were exchanged, compared to its average volume of 254,037. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 2.27. The company has a market cap of $7.49 billion, a PE ratio of 15.62 and a beta of 0.99. The firm has a fifty day moving average price of $181.04 and a 200-day moving average price of $159.78. Ryder System, Inc. has a 12 month low of $125.54 and a 12 month high of $191.00.

Ryder System (NYSE:R - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The transportation company reported $3.32 EPS for the quarter, topping the consensus estimate of $3.11 by $0.21. The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.17 billion. Ryder System had a net margin of 3.99% and a return on equity of 17.83%. Ryder System's revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.00 EPS. Ryder System has set its Q3 2025 guidance at 3.450-3.650 EPS. FY 2025 guidance at 12.850-13.300 EPS. On average, sell-side analysts expect that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Monday, August 18th were paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Monday, August 18th. This is a positive change from Ryder System's previous quarterly dividend of $0.81. Ryder System's dividend payout ratio (DPR) is currently 30.95%.

Insider Buying and Selling at Ryder System

In other Ryder System news, insider Thomas M. Havens sold 6,500 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $181.77, for a total transaction of $1,181,505.00. Following the transaction, the insider owned 32,478 shares in the company, valued at approximately $5,903,526.06. This represents a 16.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Cristina Gallo-Aquino sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $180.87, for a total transaction of $180,870.00. Following the transaction, the chief financial officer owned 26,561 shares in the company, valued at $4,804,088.07. The trade was a 3.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,618 shares of company stock worth $7,587,997 in the last three months. 5.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

R has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price objective on shares of Ryder System from $165.00 to $173.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. Barclays initiated coverage on shares of Ryder System in a research note on Monday, June 9th. They issued an "overweight" rating and a $190.00 price objective for the company. Wolfe Research raised shares of Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 price objective for the company in a research note on Tuesday, July 1st. Susquehanna initiated coverage on shares of Ryder System in a research note on Tuesday, July 15th. They issued a "positive" rating and a $215.00 price objective for the company. Finally, Morgan Stanley lifted their price objective on shares of Ryder System from $175.00 to $190.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Ryder System presently has an average rating of "Moderate Buy" and a consensus price target of $186.50.

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.