American Century Companies Inc. Has $121.77 Million Position in Ryder System, Inc. $R

Key Points

• American Century Companies Inc. has increased its stake in Ryder System, Inc. by 0.3%, now owning approximately 846,771 shares worth about $121.77 million.
• Ryder System recently increased its quarterly dividend from $0.81 to $0.91 per share, representing a yield of 2.0% and an annualized amount of $3.64.
• Ryder System reported earnings of $3.32 per share for the last quarter, surpassing estimates and showing a slight increase in revenue from the previous year.

American Century Companies Inc. increased its holdings in Ryder System, Inc. (NYSE:R - Free Report) by 0.3% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 846,771 shares of the transportation company's stock after acquiring an additional 2,876 shares during the period. American Century Companies Inc. owned approximately 2.05% of Ryder System worth $121,774,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Ryder System during the first quarter valued at about $26,000. TCTC Holdings LLC boosted its position in shares of Ryder System by 116.5% during the 1st quarter. TCTC Holdings LLC now owns 223 shares of the transportation company's stock worth $32,000 after purchasing an additional 120 shares during the period. Curat Global LLC acquired a new stake in Ryder System in the 1st quarter valued at approximately $55,000. Kapitalo Investimentos Ltda purchased a new stake in Ryder System in the fourth quarter valued at approximately $59,000. Finally, Headlands Technologies LLC purchased a new position in shares of Ryder System during the first quarter worth $86,000. Hedge funds and other institutional investors own 87.47% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on R. Stephens lifted their target price on Ryder System from $150.00 to $190.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 29th. Susquehanna started 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. 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 report on Monday, July 28th. Morgan Stanley increased 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. Finally, JPMorgan Chase & Co. upped their price objective on Ryder System from $165.00 to $173.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $186.50.

Insider Buying and Selling

In other news, CEO Robert E. Sanchez sold 22,063 shares of the firm's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $182.49, for a total transaction of $4,026,276.87. Following the completion of the sale, the chief executive officer directly owned 62,887 shares of the company's stock, valued at $11,476,248.63. This trade represents a 25.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director E Follin Smith sold 5,523 shares of the business's stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $177.66, for a total value of $981,216.18. Following the sale, the director directly owned 33,779 shares in the company, valued at $6,001,177.14. This trade represents a 14.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,586 shares of company stock worth $6,459,868 over the last three months. Corporate insiders own 5.20% of the company's stock.

Ryder System Stock Performance

NYSE:R traded up $6.91 during midday trading on Friday, reaching $187.33. 191,867 shares of the company traded hands, compared to its average volume of 374,147. The firm has a market capitalization of $7.64 billion, a price-to-earnings ratio of 15.95 and a beta of 1.00. The company has a fifty day moving average price of $170.42 and a 200 day moving average price of $156.11. 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, Inc. has a twelve month low of $125.54 and a twelve month high of $189.35.

Ryder System (NYSE:R - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The transportation company reported $3.32 EPS for the quarter, beating analysts' consensus estimates of $3.11 by $0.21. The company had revenue of $3.19 billion for the quarter, compared to analyst estimates 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 last year, the company earned $3.00 earnings per share. 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, analysts expect that Ryder System, Inc. will post 13.68 EPS for the current fiscal 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 $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.9%. This is a positive change from Ryder System's previous quarterly dividend of $0.81. The ex-dividend date is Monday, August 18th. Ryder System's dividend payout ratio (DPR) 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.