Ryder System, Inc. $R Shares Bought 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. increased its stake in Ryder System, Inc. (NYSE:R - Free Report) by 609.8% in the first quarter, according to its most recent 13F filing with the Securities & 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 0.14% of Ryder System worth $8,413,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of R. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Ryder System in the 1st quarter valued at $26,000. TCTC Holdings LLC grew its holdings in shares of Ryder System by 116.5% during the first quarter. TCTC Holdings LLC now owns 223 shares of the transportation company's stock worth $32,000 after buying an additional 120 shares in the last quarter. Curat Global LLC purchased a new stake in shares of Ryder System during the first quarter worth $55,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Ryder System during the fourth quarter worth $59,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Ryder System during the first quarter worth $86,000. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Ryder System news, SVP Sanford J. Hodes sold 532 shares of Ryder System stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $187.48, for a total value of $99,739.36. Following the completion of the sale, the senior vice president owned 24,452 shares in the company, valued at $4,584,260.96. The trade was a 2.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Cristina Gallo-Aquino sold 1,000 shares of Ryder System stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $180.87, for a total value of $180,870.00. Following the completion of the transaction, the chief financial officer directly 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. Insiders have sold 41,618 shares of company stock worth $7,587,997 over the last ninety days. Insiders own 5.20% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on R. Robert W. Baird boosted their price target 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. Baird R W raised shares of Ryder System to a "strong-buy" rating in a research report on Tuesday, July 1st. Wolfe Research upgraded shares of Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 target price on the stock in a research note on Tuesday, July 1st. Stephens upped their target price on shares of Ryder System from $150.00 to $190.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 29th. Finally, Morgan Stanley increased their price target on shares of Ryder System from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. One 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. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $186.50.

Ryder System Stock Performance

Shares of NYSE R traded down $0.21 during mid-day trading on Friday, hitting $186.92. 38,337 shares of the company were exchanged, compared to its average volume of 370,086. Ryder System, Inc. has a 1-year low of $125.54 and a 1-year high of $189.35. 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 stock has a 50 day simple moving average of $174.05 and a 200-day simple moving average of $157.09. The firm has a market cap of $7.62 billion, a price-to-earnings ratio of 15.89 and a beta of 1.00.

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 (EPS) 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 the consensus estimate of $3.17 billion. Ryder System had a return on equity of 17.83% and a net margin of 3.99%.The business's revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the company 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. On average, sell-side analysts forecast that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Monday, August 18th will be given a dividend of $0.91 per share. The ex-dividend date is Monday, August 18th. This represents a $3.64 dividend on an annualized basis and a yield of 1.9%. This is a boost from Ryder System's previous quarterly dividend of $0.81. Ryder System's dividend payout ratio (DPR) is 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.