Ethic Inc. Has $1.31 Million Stake in Ryder System, Inc. $R

Key Points

• Ethic Inc. increased its stake in Ryder System by 123.7% during the first quarter, acquiring an additional 4,965 shares for a total of 8,978 shares, valued at $1,313,000 as of the latest SEC filing.
• Ryder System's stock has received positive reviews from analysts, with recent price targets ranging from $173.00 to $215.00, leading to a consensus rating of "Moderate Buy."
• The company is set to increase its quarterly dividend from $0.81 to $0.91 per share, reflecting investor confidence and a dividend yield of 2.0%.

Ethic Inc. grew its position in shares of Ryder System, Inc. (NYSE:R - Free Report) by 123.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,978 shares of the transportation company's stock after acquiring an additional 4,965 shares during the quarter. Ethic Inc.'s holdings in Ryder System were worth $1,313,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Leigh Baldwin & CO. LLC bought a new position in Ryder System in the 4th quarter valued at about $40,475,000. State of Alaska Department of Revenue increased its stake in Ryder System by 2.2% during the 1st quarter. State of Alaska Department of Revenue now owns 4,928 shares of the transportation company's stock valued at $708,000 after buying an additional 105 shares during the period. DAVENPORT & Co LLC acquired a new position in Ryder System during the 1st quarter valued at about $557,000. GAMMA Investing LLC increased its stake in Ryder System by 41.8% during the 1st quarter. GAMMA Investing LLC now owns 1,278 shares of the transportation company's stock valued at $184,000 after buying an additional 377 shares during the period. Finally, Gotham Asset Management LLC increased its stake in Ryder System by 10.3% during the 4th quarter. Gotham Asset Management LLC now owns 73,785 shares of the transportation company's stock valued at $11,574,000 after buying an additional 6,908 shares during the period. Institutional investors and hedge funds own 87.47% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on R. Stephens raised their target price on shares of Ryder System from $150.00 to $190.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Baird R W raised shares of Ryder System to a "strong-buy" rating in a research note on Tuesday, July 1st. 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. Robert W. Baird boosted their price target on shares of Ryder System from $186.00 to $192.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Finally, Morgan Stanley boosted their price target on shares of Ryder System from $175.00 to $190.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $186.50.

Insider Buying and Selling

In other Ryder System news, CEO Robert E. Sanchez sold 22,063 shares of the business's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $182.49, for a total transaction of $4,026,276.87. Following the sale, the chief executive officer owned 62,887 shares in the company, valued at approximately $11,476,248.63. The trade was a 25.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Cristina Gallo-Aquino sold 1,000 shares of the business's stock in a transaction dated 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 owned 26,561 shares in the company, valued at approximately $4,804,088.07. The trade was a 3.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,586 shares of company stock worth $6,459,868 in the last quarter. 5.20% of the stock is currently owned by corporate insiders.

Ryder System Price Performance

Ryder System stock traded up $6.21 during midday trading on Friday, hitting $186.63. The company's stock had a trading volume of 329,257 shares, compared to its average volume of 315,361. 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's 50-day moving average price is $171.21 and its 200-day moving average price is $156.28. Ryder System, Inc. has a 12 month low of $125.54 and a 12 month high of $189.35. The company has a market capitalization of $7.61 billion, a PE ratio of 15.87 and a beta of 1.00.

Ryder System (NYSE:R - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The transportation company reported $3.32 EPS for the quarter, topping 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%. Ryder System's revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the business earned $3.00 earnings per share. Ryder System has set its Q3 2025 guidance at 3.450-3.650 EPS. FY 2025 guidance at 12.850-13.300 EPS. Analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share 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. Shareholders of record on Monday, August 18th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, August 18th. This is a boost from Ryder System's previous quarterly dividend of $0.81. Ryder System's dividend payout ratio is presently 30.95%.

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.