Counterpoint Mutual Funds LLC Acquires New Holdings in Ryder System, Inc. $R

Key Points

• Counterpoint Mutual Funds LLC has acquired a new position in Ryder System, purchasing 2,573 shares valued at approximately $409,000.
• Ryder System recently declared a quarterly dividend of $0.91 per share, which is an increase from the previous $0.81, representing a yield of 2.0%.
• Analysts have a consensus rating of "Moderate Buy" for Ryder System stock, with an average target price of $189.89, as several firms have adjusted their ratings and price targets upwards.

Counterpoint Mutual Funds LLC bought a new position in shares of Ryder System, Inc. (NYSE:R - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,573 shares of the transportation company's stock, valued at approximately $409,000.

A number of other institutional investors and hedge funds have also made changes to their positions in R. Deutsche Bank AG lifted its holdings in shares of Ryder System by 1.6% in 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 last quarter. Belmont Capital LLC lifted its stake in Ryder System by 5.0% during the first quarter. Belmont Capital LLC now owns 1,737 shares of the transportation company's stock worth $250,000 after purchasing an additional 83 shares in the last quarter. SummerHaven Investment Management LLC boosted its position in shares of Ryder System by 1.4% during the first quarter. SummerHaven Investment Management LLC now owns 6,534 shares of the transportation company's stock worth $940,000 after buying an additional 90 shares during the period. Redwood Investment Management LLC grew its stake in shares of Ryder System by 1.0% in the first quarter. Redwood Investment Management LLC now owns 9,186 shares of the transportation company's stock valued at $1,321,000 after buying an additional 94 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its holdings in shares of Ryder System by 0.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the transportation company's stock valued at $1,697,000 after buying an additional 100 shares during the period. 87.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Steve W. Martin sold 5,500 shares of the company'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 transaction, the executive vice president directly owned 24,235 shares in the company, valued at approximately $4,531,460.30. This represents a 18.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas M. Havens sold 6,500 shares of the company's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $181.77, for a total transaction of $1,181,505.00. Following the completion of the transaction, the insider directly owned 32,478 shares of the company's stock, valued at approximately $5,903,526.06. The trade was a 16.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,618 shares of company stock valued at $7,587,997 over the last quarter. 5.20% of the stock is owned by insiders.

Analyst Ratings Changes

R has been the subject of several research reports. Baird R W raised Ryder System to a "strong-buy" rating in a research report on Tuesday, July 1st. Susquehanna initiated coverage on shares of Ryder System in a report on Tuesday, July 15th. They issued a "positive" rating and a $215.00 price objective for the company. Robert W. Baird increased their target price on shares of Ryder System from $186.00 to $192.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. JPMorgan Chase & Co. raised their price target on shares of Ryder System from $165.00 to $173.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Finally, Morgan Stanley upped their price objective on Ryder System from $175.00 to $190.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $189.89.

Ryder System Stock Up 0.8%

R opened at $186.37 on Wednesday. The stock has a market capitalization of $7.60 billion, a P/E ratio of 15.85 and a beta of 0.99. Ryder System, Inc. has a 12 month low of $125.54 and a 12 month high of $191.00. The business has a 50 day simple moving average of $181.50 and a 200-day simple moving average of $160.26. 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 (NYSE:R - Get Free Report) last released its quarterly earnings data 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. Ryder System had a return on equity of 17.83% and a net margin of 3.99%.The firm had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same period last year, the business posted $3.00 EPS. Ryder System's quarterly revenue was up .2% on a year-over-year basis. 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, equities analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Monday, August 18th were paid a dividend of $0.91 per share. This is a boost from Ryder System's previous quarterly dividend of $0.81. This represents a $3.64 annualized dividend and a yield of 2.0%. The ex-dividend date was Monday, August 18th. Ryder System's payout ratio is currently 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.

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