Caisse DE Depot ET Placement DU Quebec Invests $3.18 Million in Ryder System, Inc. $R

Key Points

• Caisse DE Depot ET Placement DU Quebec purchased 22,100 shares of Ryder System, Inc. for approximately $3.18 million, owning 0.05% of the company by the end of the reporting period.
• Analysts have increased their price targets for Ryder System, with Morgan Stanley raising it to $190 and Susquehanna giving it a positive rating with a $215 target.
• Ryder System declared a quarterly dividend of $0.91 per share, an increase from the previous $0.81, providing an annual yield of 1.9%.

Caisse DE Depot ET Placement DU Quebec bought a new stake in Ryder System, Inc. (NYSE:R - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,100 shares of the transportation company's stock, valued at approximately $3,178,000. Caisse DE Depot ET Placement DU Quebec owned 0.05% of Ryder System at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Bahl & Gaynor Inc. lifted its stake in Ryder System by 609.8% in the first quarter. Bahl & Gaynor Inc. now owns 58,503 shares of the transportation company's stock valued at $8,413,000 after buying an additional 50,261 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in Ryder System by 81.2% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 2,479 shares of the transportation company's stock valued at $350,000 after buying an additional 1,111 shares during the period. Hsbc Holdings PLC lifted its stake in Ryder System by 32.9% in the first quarter. Hsbc Holdings PLC now owns 47,641 shares of the transportation company's stock valued at $6,764,000 after buying an additional 11,791 shares during the period. Wellington Management Group LLP lifted its stake in Ryder System by 16.2% in the first quarter. Wellington Management Group LLP now owns 2,984,836 shares of the transportation company's stock valued at $429,249,000 after buying an additional 415,103 shares during the period. Finally, Brooklyn Investment Group lifted its stake in Ryder System by 2,004.5% in the first quarter. Brooklyn Investment Group now owns 926 shares of the transportation company's stock valued at $133,000 after buying an additional 882 shares during the period. Institutional investors and hedge funds own 87.47% of the company's stock.

Ryder System Stock Performance

R traded down $1.55 during trading on Tuesday, hitting $185.97. The stock had a trading volume of 90,590 shares, compared to its average volume of 369,672. The company has a 50 day moving average price of $175.48 and a 200-day moving average price of $157.38. The firm has a market cap of $7.59 billion, a price-to-earnings ratio of 15.80 and a beta of 0.98. Ryder System, Inc. has a one year low of $125.54 and a one year high of $189.35. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.82 and a quick ratio of 0.82.

Ryder System (NYSE:R - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The transportation company reported $3.32 earnings per share for the quarter, beating the consensus estimate of $3.11 by $0.21. The firm had revenue of $3.19 billion during the quarter, compared to analysts' expectations of $3.17 billion. Ryder System had a return on equity of 17.83% and a net margin of 3.99%.The company's quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $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. As a group, research analysts predict that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Monday, August 18th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $3.64 annualized dividend and a yield of 2.0%. This is a boost from Ryder System's previous quarterly dividend of $0.81. Ryder System's payout ratio is presently 30.95%.

Insider Transactions at Ryder System

In other Ryder System news, insider Thomas M. Havens sold 6,500 shares of Ryder System stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $181.77, for a total value of $1,181,505.00. Following the completion of the transaction, the insider directly owned 32,478 shares of the company's stock, valued at $5,903,526.06. The trade was a 16.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director E Follin Smith sold 5,523 shares of Ryder System stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $177.66, for a total value of $981,216.18. Following the completion of the transaction, the director directly owned 33,779 shares of the company's stock, valued at $6,001,177.14. This represents a 14.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,618 shares of company stock worth $7,587,997. Corporate insiders own 5.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on R shares. Wolfe Research raised Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 price target on the stock in a research report on Tuesday, July 1st. Baird R W raised Ryder System to a "strong-buy" rating in a research report on Tuesday, July 1st. Susquehanna started coverage on Ryder System in a research report on Tuesday, July 15th. They set a "positive" rating and a $215.00 price target on the stock. Stephens raised their price target 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. Finally, Morgan Stanley raised their price target on Ryder System from $175.00 to $190.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $186.50.

About Ryder System

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.