Charles Schwab Investment Management Inc. Reduces Stake in Ryder System, Inc. $R

Key Points

• Charles Schwab Investment Management Inc. has decreased its stake in Ryder System, Inc. by 3.9%, selling 15,427 shares and now holding approximately 375,416 shares valued at $53,989,000.
• Ryder System recently reported a quarterly earnings per share (EPS) of $3.32, beating analyst expectations and showing a 0.2% year-over-year revenue increase to $3.19 billion.
• The company declared a quarterly dividend of $0.91, marking an increase from the previous dividend of $0.81, with a 2% annual yield for shareholders.

Charles Schwab Investment Management Inc. lessened its holdings in Ryder System, Inc. (NYSE:R - Free Report) by 3.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 375,416 shares of the transportation company's stock after selling 15,427 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.91% of Ryder System worth $53,989,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in R. Leigh Baldwin & CO. LLC acquired a new stake in shares of Ryder System during the fourth quarter worth about $40,475,000. GAMMA Investing LLC raised its position in Ryder System by 20,298.3% during the first quarter. GAMMA Investing LLC now owns 183,789 shares of the transportation company's stock valued at $26,431,000 after acquiring an additional 182,888 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Ryder System in the fourth quarter valued at approximately $16,317,000. Northern Trust Corp increased its position in shares of Ryder System by 28.1% in the fourth quarter. Northern Trust Corp now owns 447,890 shares of the transportation company's stock valued at $70,256,000 after buying an additional 98,196 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its position in shares of Ryder System by 2,500.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 91,393 shares of the transportation company's stock valued at $14,336,000 after buying an additional 87,879 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Stephens lifted their price target on Ryder System from $150.00 to $190.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 29th. Baird R W raised Ryder System to a "strong-buy" rating in a research note on Tuesday, July 1st. Morgan Stanley lifted their price target on 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 price target on Ryder System from $165.00 to $173.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. Finally, Robert W. Baird lifted their price target on Ryder System from $186.00 to $192.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. One research 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 stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $186.50.

Insider Buying and Selling

In other Ryder System news, insider Thomas M. Havens sold 6,500 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $181.77, for a total transaction of $1,181,505.00. Following the completion of the sale, the insider directly owned 32,478 shares of the company's stock, valued at approximately $5,903,526.06. This trade represents a 16.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Cristina Gallo-Aquino sold 1,000 shares of the stock in a transaction that occurred 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 of the company's stock, valued at $4,804,088.07. The trade was a 3.63% 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 valued at $6,459,868 over the last 90 days. Insiders own 5.20% of the company's stock.

Ryder System Stock Performance

Shares of NYSE R traded up $1.89 during trading hours on Tuesday, reaching $180.78. The stock had a trading volume of 155,899 shares, compared to its average volume of 376,255. The firm has a market cap of $7.37 billion, a price-to-earnings ratio of 15.38 and a beta of 1.00. 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, Inc. has a fifty-two week low of $125.54 and a fifty-two week high of $184.76. The firm has a 50-day moving average of $168.68 and a 200-day moving average of $155.60.

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

Ryder System Increases Dividend

The business also recently disclosed 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 represents a $3.64 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Monday, August 18th. This is a positive change from Ryder System's previous quarterly dividend of $0.81. Ryder System's payout ratio is 27.55%.

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.