Caisse DE Depot ET Placement DU Quebec Purchases Shares of 22,100 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 & Exchange Commission. 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 about 0.05% of Ryder System at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Ryder System in the first quarter valued at $26,000. TCTC Holdings LLC boosted its stake in Ryder System by 116.5% in 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. Curat Global LLC acquired a new position in Ryder System in the first quarter valued at $55,000. Kapitalo Investimentos Ltda acquired a new position in Ryder System in the fourth quarter valued at $59,000. Finally, Headlands Technologies LLC acquired a new position in Ryder System in the first quarter valued at $86,000. Hedge funds and other institutional investors own 87.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on R shares. Wolfe Research upgraded 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. Robert W. Baird upped their target price on shares of Ryder System from $186.00 to $192.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Barclays assumed coverage on shares of Ryder System in a report on Monday, June 9th. They issued an "overweight" rating and a $190.00 target price for the company. Susquehanna assumed coverage on shares of Ryder System in a report on Tuesday, July 15th. They issued a "positive" rating and a $215.00 target price for the company. Finally, Morgan Stanley upped their target price on shares of Ryder System from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Ryder System has an average rating of "Moderate Buy" and an average target price of $186.50.

Insider Transactions at Ryder System

In other Ryder System news, Director E Follin Smith sold 5,523 shares of Ryder System stock in a transaction that occurred 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 sale, the director directly owned 33,779 shares of the company's stock, valued at approximately $6,001,177.14. The trade was a 14.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Cristina Gallo-Aquino sold 1,000 shares of Ryder System stock in a transaction 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 completion of the transaction, the chief financial officer owned 26,561 shares in the company, valued at approximately $4,804,088.07. This trade represents a 3.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,618 shares of company stock worth $7,587,997 in the last three months. 5.20% of the stock is currently owned by company insiders.

Ryder System Stock Performance

NYSE R traded down $1.61 during trading hours on Wednesday, hitting $185.27. 30,383 shares of the stock were exchanged, compared to its average volume of 368,394. Ryder System, Inc. has a 12-month low of $125.54 and a 12-month high of $189.35. 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 $7.56 billion, a price-to-earnings ratio of 15.75 and a beta of 0.99. The stock has a 50-day moving average of $176.08 and a 200 day moving average of $157.58.

Ryder System (NYSE:R - Get Free Report) last issued its earnings results on Thursday, July 24th. The transportation company reported $3.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.11 by $0.21. Ryder System had a net margin of 3.99% and a return on equity of 17.83%. The company had revenue of $3.19 billion during the quarter, compared to analysts' expectations of $3.17 billion. During the same period last year, the company posted $3.00 earnings per share. The firm's quarterly revenue was up .2% compared to the same quarter last year. 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 research analysts forecast that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Increases Dividend

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

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.