Ryder System, Inc. $R Holdings Raised by Bahl & Gaynor Inc.

Key Points

• Bahl & Gaynor Inc. has significantly increased its stake in Ryder System, Inc. by 609.8%, now owning 58,503 shares valued at approximately $8.41 million.
• Ryder System recently declared a quarterly dividend increase from $0.81 to $0.91, representing an annual yield of 2.0%.
• Equities analysts have raised their price targets for Ryder System, with Morgan Stanley setting a new target of $190.00, reflecting a strong confidence in the company's performance.

Bahl & Gaynor Inc. raised its position in Ryder System, Inc. (NYSE:R - Free Report) by 609.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,503 shares of the transportation company's stock after purchasing an additional 50,261 shares during the period. Bahl & Gaynor Inc. owned about 0.14% of Ryder System worth $8,413,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Invst LLC lifted its holdings in shares of Ryder System by 0.7% during the 4th quarter. Invst LLC now owns 8,315 shares of the transportation company's stock worth $1,304,000 after acquiring an additional 61 shares during the period. Deutsche Bank AG lifted its holdings in shares of Ryder System by 1.6% during the 4th quarter. Deutsche Bank AG now owns 4,136 shares of the transportation company's stock worth $649,000 after acquiring an additional 65 shares during the period. Baird Financial Group Inc. lifted its holdings in shares of Ryder System by 0.9% during the 4th quarter. Baird Financial Group Inc. now owns 9,826 shares of the transportation company's stock worth $1,541,000 after acquiring an additional 90 shares during the period. SummerHaven Investment Management LLC lifted its holdings in shares of Ryder System by 1.4% during the 1st quarter. SummerHaven Investment Management LLC now owns 6,534 shares of the transportation company's stock worth $940,000 after acquiring an additional 90 shares during the period. Finally, Louisiana State Employees Retirement System lifted its holdings in shares of Ryder System by 0.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the transportation company's stock worth $1,697,000 after acquiring an additional 100 shares during the period. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Ryder System Stock Up 0.0%

R traded up $0.04 during trading on Thursday, hitting $187.27. The company had a trading volume of 226,539 shares, compared to its average volume of 371,359. The company has a market cap of $7.64 billion, a PE ratio of 15.92 and a beta of 1.00. The business has a 50-day moving average of $173.34 and a 200-day moving average of $156.89. 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 1-year low of $125.54 and a 1-year high of $189.35.

Ryder System (NYSE:R - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The transportation company reported $3.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.11 by $0.21. The firm 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 quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company posted $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. As a group, analysts forecast that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Increases Dividend

The firm also recently announced 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. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.9%. This is a positive change from Ryder System's previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Monday, August 18th. Ryder System's dividend payout ratio is currently 30.95%.

Wall Street Analyst Weigh In

R has been the topic of several recent analyst reports. Susquehanna initiated coverage on shares of Ryder System in a report on Tuesday, July 15th. They set a "positive" rating and a $215.00 price objective on the stock. Wolfe Research upgraded shares of Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 price objective on the stock in a report on Tuesday, July 1st. JPMorgan Chase & Co. increased their target price on shares of Ryder System from $165.00 to $173.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. 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 research report on Monday, July 28th. Finally, Baird R W raised shares of Ryder System to a "strong-buy" rating in a research report on Tuesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $186.50.

Insider Activity at Ryder System

In other Ryder System news, CFO Cristina Gallo-Aquino sold 1,000 shares of the firm's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $180.87, for a total value of $180,870.00. Following the sale, the chief financial officer directly owned 26,561 shares in the company, valued at approximately $4,804,088.07. This trade represents a 3.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Steve W. Martin sold 5,500 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $186.98, for a total value of $1,028,390.00. Following the completion of the sale, the executive vice president owned 24,235 shares in the company, 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. Insiders sold 41,618 shares of company stock valued at $7,587,997 in the last ninety days. 5.20% of the stock is owned by insiders.

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.