Earnest Partners LLC Decreases Stock Holdings in Ryder System, Inc. $R

Key Points

• Earnest Partners LLC has decreased its holdings in Ryder System, Inc. by 2.0%, selling 37,561 shares, and currently holds 1,867,662 shares worth approximately $268.6 million.
• In the first quarter, several large investors, including Wellington Management Group LLP, increased their holdings in Ryder System, with Wellington acquiring an additional 415,103 shares for a total of nearly $429 million.
• Ryder System recently reported a quarterly EPS of $3.32, exceeding estimates, and has announced a dividend increase to $0.91 per share, representing a 1.9% yield.

Earnest Partners LLC lowered its holdings in Ryder System, Inc. (NYSE:R - Free Report) by 2.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,867,662 shares of the transportation company's stock after selling 37,561 shares during the period. Ryder System comprises about 1.3% of Earnest Partners LLC's portfolio, making the stock its 14th largest holding. Earnest Partners LLC owned 4.52% of Ryder System worth $268,588,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Ryder System in the 1st quarter valued at about $26,000. TCTC Holdings LLC boosted its holdings in shares of Ryder System by 116.5% during the 1st quarter. TCTC Holdings LLC now owns 223 shares of the transportation company's stock worth $32,000 after buying an additional 120 shares during the period. Kapitalo Investimentos Ltda bought a new stake in shares of Ryder System during the 4th quarter worth about $59,000. Curat Global LLC bought a new stake in shares of Ryder System during the 1st quarter worth about $55,000. Finally, Headlands Technologies LLC bought a new stake in shares of Ryder System during the 1st quarter worth about $86,000. Institutional investors own 87.47% of the company's stock.

Ryder System Price Performance

Ryder System stock traded up $0.41 during mid-day trading on Friday, hitting $187.53. 250,983 shares of the company traded hands, compared to its average volume of 277,921. Ryder System, Inc. has a one year low of $125.54 and a one year high of $189.35. The stock has a market cap of $7.65 billion, a price-to-earnings ratio of 15.95 and a beta of 1.00. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a fifty day moving average price of $174.81 and a 200-day moving average price of $157.30.

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 the consensus estimate of $3.11 by $0.21. Ryder System had a net margin of 3.99% and a return on equity of 17.83%. The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same period in the previous year, the business posted $3.00 earnings per share. Ryder System's revenue for the quarter 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 predict that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Increases Dividend

The business also recently announced 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. The ex-dividend date is Monday, August 18th. 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 1.9%. Ryder System's dividend payout ratio (DPR) is presently 30.95%.

Insider Buying and Selling at Ryder System

In other Ryder System news, Director E Follin Smith sold 5,523 shares of Ryder System stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $177.66, for a total transaction of $981,216.18. Following the transaction, the director directly owned 33,779 shares of the company's stock, valued at approximately $6,001,177.14. This trade represents a 14.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Steve W. Martin sold 5,500 shares of Ryder System 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 transaction, the executive vice president directly owned 24,235 shares in the company, valued at $4,531,460.30. This trade represents a 18.50% 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. Company insiders own 5.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on R. JPMorgan Chase & Co. lifted their target price on shares of Ryder System from $165.00 to $173.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Barclays began coverage on shares of Ryder System in a research note on Monday, June 9th. They issued an "overweight" rating and a $190.00 price objective for the company. Wolfe Research upgraded shares of Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 price objective for the company in a research note on Tuesday, July 1st. Morgan Stanley lifted their price objective on shares of Ryder System from $175.00 to $190.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Finally, Susquehanna began coverage on shares of Ryder System in a research note on Tuesday, July 15th. They issued a "positive" rating and a $215.00 price objective for the company. One research 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's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $186.50.

Ryder System 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.