2,610 Shares in Ryder System, Inc. $R Bought by Callan Family Office LLC

Key Points

• Callan Family Office LLC acquired 2,610 shares of Ryder System, Inc., valued at approximately $415,000, marking a significant addition to their investment portfolio in the transportation sector.
• Ryder System recently reported earnings per share of $3.32 for the last quarter, surpassing analysts' expectations and demonstrating a year-over-year revenue increase of 0.2%.
• The company also announced a quarterly dividend of $0.91 per share, indicating a stable payout ratio of 30.95% and a dividend yield of 2.0% for stockholders.

Callan Family Office LLC acquired a new stake in Ryder System, Inc. (NYSE:R - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 2,610 shares of the transportation company's stock, valued at approximately $415,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. TCTC Holdings LLC grew its position in shares of Ryder System by 116.5% in the 1st quarter. TCTC Holdings LLC now owns 223 shares of the transportation company's stock valued at $32,000 after acquiring an additional 120 shares during the period. Geneos Wealth Management Inc. grew its position 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 valued at $41,000 after acquiring an additional 109 shares during the period. Quarry LP bought a new position in shares of Ryder System in the 1st quarter valued at about $60,000. Headlands Technologies LLC bought a new position in shares of Ryder System in the 1st quarter valued at about $86,000. Finally, Signaturefd LLC grew its position in shares of Ryder System by 25.0% in the 2nd quarter. Signaturefd LLC now owns 739 shares of the transportation company's stock valued at $118,000 after acquiring an additional 148 shares during the period. Institutional investors own 87.47% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on R. Citigroup began coverage on shares of Ryder System in a research report on Monday, September 22nd. They issued a "buy" rating and a $217.00 price objective for the company. Robert W. Baird lifted their price objective on shares of Ryder System from $186.00 to $192.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Wolfe Research raised shares of Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 target price for the company in a report on Tuesday, July 1st. JPMorgan Chase & Co. lifted their target price on shares of Ryder System from $165.00 to $173.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Finally, Morgan Stanley lifted their target price on shares of Ryder System from $175.00 to $190.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $193.22.

Insider Buying and Selling

In other news, Director E Follin Smith sold 5,523 shares of the business's 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Steve W. Martin sold 5,500 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $186.98, for a total transaction of $1,028,390.00. Following the completion of the transaction, the executive vice president owned 24,235 shares of the company's stock, valued at $4,531,460.30. The trade was a 18.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,618 shares of company stock worth $7,587,997. 5.20% of the stock is owned by company insiders.

Ryder System Price Performance

Shares of Ryder System stock opened at $182.23 on Thursday. Ryder System, Inc. has a twelve month low of $125.54 and a twelve month high of $195.48. 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 50-day simple moving average of $184.91 and a two-hundred day simple moving average of $164.95. The stock has a market capitalization of $7.43 billion, a price-to-earnings ratio of 15.50 and a beta of 1.00.

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

Ryder System Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Monday, November 17th will be given a $0.91 dividend. The ex-dividend date is Monday, November 17th. This represents a $3.64 annualized dividend and a dividend yield of 2.0%. Ryder System's payout ratio is presently 30.95%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.