Earnest Partners LLC Trims 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 stake in Ryder System, Inc. (NYSE:R - Free Report) by 2.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,867,662 shares of the transportation company's stock after selling 37,561 shares during the quarter. Ryder System accounts for about 1.3% of Earnest Partners LLC's portfolio, making the stock its 14th biggest holding. Earnest Partners LLC owned 4.52% of Ryder System worth $268,588,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Truvestments Capital LLC grew its stake in Ryder System by 20.1% in the 1st quarter. Truvestments Capital LLC now owns 31,957 shares of the transportation company's stock valued at $4,596,000 after acquiring an additional 5,340 shares during the period. Redwood Investment Management LLC grew its stake in Ryder System by 1.0% in the 1st quarter. Redwood Investment Management LLC now owns 9,186 shares of the transportation company's stock valued at $1,321,000 after acquiring an additional 94 shares during the period. Caisse DE Depot ET Placement DU Quebec acquired a new stake in Ryder System in the 1st quarter valued at $3,178,000. Bahl & Gaynor Inc. grew its stake in Ryder System by 609.8% in the 1st quarter. Bahl & Gaynor Inc. now owns 58,503 shares of the transportation company's stock valued at $8,413,000 after acquiring an additional 50,261 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. grew its stake in Ryder System by 81.2% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 2,479 shares of the transportation company's stock valued at $350,000 after acquiring an additional 1,111 shares during the period. Institutional investors and hedge funds own 87.47% of the company's stock.

Ryder System Price Performance

R traded up $0.41 on Monday, hitting $187.53. 250,983 shares of the company's stock were exchanged, compared to its average volume of 272,799. Ryder System, Inc. has a fifty-two week low of $125.54 and a fifty-two week high of $189.35. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.27. The firm has a 50-day moving average price of $174.81 and a 200-day moving average price of $157.23. The stock has a market cap of $7.65 billion, a price-to-earnings ratio of 15.95 and a beta of 0.98.

Ryder System (NYSE:R - Get Free Report) last announced its quarterly earnings results 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. 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 company's revenue was up .2% compared to the same quarter last year. 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. As a group, equities analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Monday, August 18th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.9%. 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 dividend payout ratio is presently 30.95%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Barclays assumed coverage on shares of Ryder System in a research note on Monday, June 9th. They issued an "overweight" rating and a $190.00 price target on the stock. Stephens lifted 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. Wolfe Research raised 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. Morgan Stanley lifted their target price 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 assumed coverage on shares of Ryder System in a research note on Tuesday, July 15th. They set a "positive" rating and a $215.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $186.50.

Insider Activity

In other news, insider Thomas M. Havens sold 6,500 shares of the business'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 transaction, the insider 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director E Follin Smith sold 5,523 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $6,001,177.14. The trade was a 14.05% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,618 shares of company stock worth $7,587,997. Insiders own 5.20% of the company's stock.

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.