Algert Global LLC Has $6.73 Million Holdings in Ryder System, Inc. $R

Key Points

• Algert Global LLC increased its stake in Ryder System, Inc. by 58.5%, owning approximately $6.73 million worth of shares after purchasing an additional 17,260 shares in Q1.
• Ryder System declared a quarterly dividend of $0.91 per share, up from the previous $0.81, reflecting a strong commitment to returning value to shareholders.
• Insiders sold a total of 54,082 shares worth approximately $9 million over the last three months, indicating potential shifts in investor sentiment within the company.

Algert Global LLC grew its holdings in Ryder System, Inc. (NYSE:R - Free Report) by 58.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 46,785 shares of the transportation company's stock after purchasing an additional 17,260 shares during the quarter. Algert Global LLC owned about 0.11% of Ryder System worth $6,728,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Invst LLC grew its position in shares of Ryder System by 0.7% in the fourth quarter. Invst LLC now owns 8,315 shares of the transportation company's stock valued at $1,304,000 after purchasing an additional 61 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of Ryder System by 1.6% in the fourth quarter. Deutsche Bank AG now owns 4,136 shares of the transportation company's stock valued at $649,000 after buying an additional 65 shares during the period. Baird Financial Group Inc. lifted its stake in shares of Ryder System by 0.9% in the fourth quarter. Baird Financial Group Inc. now owns 9,826 shares of the transportation company's stock valued at $1,541,000 after buying an additional 90 shares during the period. SummerHaven Investment Management LLC lifted its stake in shares of Ryder System by 1.4% in the first quarter. SummerHaven Investment Management LLC now owns 6,534 shares of the transportation company's stock valued at $940,000 after buying an additional 90 shares during the period. Finally, Louisiana State Employees Retirement System lifted its stake in shares of Ryder System by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the transportation company's stock valued at $1,697,000 after buying an additional 100 shares during the period. 87.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Ryder System

In other news, Director E Follin Smith sold 5,523 shares of the business's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $177.66, for a total transaction of $981,216.18. Following the transaction, the director directly owned 33,779 shares in the company, valued at $6,001,177.14. The trade was a 14.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Cristina Gallo-Aquino sold 1,000 shares of the business's stock in a transaction dated Tuesday, July 29th. The stock was 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. This represents a 3.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,586 shares of company stock valued at $6,459,868. Corporate insiders own 5.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Barclays started coverage on shares of Ryder System in a research note on Monday, June 9th. They issued an "overweight" rating and a $190.00 target price for the company. Susquehanna started coverage on shares of Ryder System in a research note on Tuesday, July 15th. They set a "positive" rating and a $215.00 price target for the company. Morgan Stanley raised their price target 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. JPMorgan Chase & Co. lifted their target price on shares of Ryder System from $165.00 to $173.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Finally, Baird R W raised shares of Ryder System to a "strong-buy" rating in a report on Tuesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $186.50.

Ryder System Trading Up 3.4%

Shares of NYSE R traded up $6.21 during midday trading on Friday, reaching $186.63. 329,257 shares of the stock were exchanged, compared to its average volume of 324,425. The company has a market capitalization of $7.61 billion, a price-to-earnings ratio of 15.87 and a beta of 1.00. Ryder System, Inc. has a 12 month low of $125.54 and a 12 month high of $189.35. The business has a 50-day simple moving average of $171.21 and a two-hundred day simple moving average of $156.30. 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 posted its quarterly earnings data on Thursday, July 24th. The transportation company reported $3.32 EPS for the quarter, beating the consensus estimate of $3.11 by $0.21. The business had revenue of $3.19 billion for 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 firm's revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm 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. As a group, equities research analysts expect that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Increases Dividend

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

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.