AQR Capital Management LLC Reduces Stock Holdings in Ryder System, Inc. $R

Key Points

• AQR Capital Management LLC decreased its stake in Ryder System, Inc. by 5.2%, selling 21,112 shares and owning approximately 0.93% of the company, valued at about $53.5 million.
• Numerous research firms have raised their price targets for Ryder System, with Morgan Stanley setting a new target of $190.00 and a majority of analysts maintaining a rating of "Moderate Buy."
• Ryder System recently increased its quarterly dividend from $0.81 to $0.91, representing an annualized yield of 1.9% and reflecting a dividend payout ratio of 30.95%.

AQR Capital Management LLC cut its holdings in shares of Ryder System, Inc. (NYSE:R - Free Report) by 5.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 383,899 shares of the transportation company's stock after selling 21,112 shares during the period. AQR Capital Management LLC owned approximately 0.93% of Ryder System worth $53,473,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of R. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Ryder System in the first quarter worth about $26,000. TCTC Holdings LLC boosted its position in Ryder System by 116.5% in the first 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 last quarter. Curat Global LLC purchased a new position in Ryder System in the first quarter worth about $55,000. Quarry LP purchased a new position in Ryder System in the first quarter worth about $60,000. Finally, Headlands Technologies LLC purchased a new position in Ryder System in the first quarter worth about $86,000. 87.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on R. Stephens raised their target price 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. Robert W. Baird raised their target price on Ryder System from $186.00 to $192.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Susquehanna initiated coverage on Ryder System in a research report on Tuesday, July 15th. They issued a "positive" rating and a $215.00 target price on the stock. Barclays initiated coverage on Ryder System in a research note on Monday, June 9th. They issued an "overweight" rating and a $190.00 price objective on the stock. Finally, Morgan Stanley raised their price objective on Ryder System from $175.00 to $190.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, Ryder System presently has an average rating of "Moderate Buy" and a consensus target price of $186.50.

Ryder System Price Performance

R traded down $2.29 on Tuesday, hitting $185.83. 171,711 shares of the company's stock traded hands, compared to its average volume of 245,198. The company's 50 day simple moving average is $178.74 and its 200-day simple moving average is $158.28. The firm has a market cap of $7.58 billion, a price-to-earnings ratio of 15.80 and a beta of 0.99. Ryder System, Inc. has a one year low of $125.54 and a one year high of $191.00. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.27.

Ryder System (NYSE:R - Get Free Report) last released its quarterly earnings results 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 business 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 firm's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the business 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, research analysts anticipate that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Monday, August 18th will be issued a dividend of $0.91 per share. The ex-dividend date 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 dividend payout ratio (DPR) is 30.95%.

Insider Buying and Selling at Ryder System

In other Ryder System news, EVP Steve W. Martin sold 5,500 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was 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 in the company, valued at $4,531,460.30. This trade represents a 18.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director E Follin Smith sold 5,523 shares of the firm'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 transaction, the director owned 33,779 shares of the company's stock, valued at $6,001,177.14. This represents a 14.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,618 shares of company stock worth $7,587,997 over the last three months. 5.20% of the stock is owned by company insiders.

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.