Ryder System, Inc. (NYSE:R) Shares Sold by Federated Hermes Inc.

Key Points

• Federated Hermes Inc. has reduced its stake in Ryder System by 48.1%, now holding 7,731 shares valued at approximately $1.11 million.
• Ryder System has declared a quarterly dividend of $0.91, up from $0.81, resulting in an annualized yield of 2.0%.
• The stock's latest earnings report revealed a $3.32 EPS, surpassing analysts' expectations and indicating a 0.2% increase in revenue compared to the previous year.

Federated Hermes Inc. lowered its position in Ryder System, Inc. (NYSE:R - Free Report) by 48.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,731 shares of the transportation company's stock after selling 7,168 shares during the quarter. Federated Hermes Inc.'s holdings in Ryder System were worth $1,112,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of R. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Ryder System during the 1st quarter valued at $26,000. TCTC Holdings LLC boosted its position in Ryder System by 116.5% during the 1st quarter. TCTC Holdings LLC now owns 223 shares of the transportation company's stock valued at $32,000 after acquiring an additional 120 shares in the last quarter. Kapitalo Investimentos Ltda bought a new stake in Ryder System during the 4th quarter valued at $59,000. Curat Global LLC bought a new stake in Ryder System during the 1st quarter valued at $55,000. Finally, Group One Trading LLC boosted its position in Ryder System by 553.0% during the 4th quarter. Group One Trading LLC now owns 653 shares of the transportation company's stock valued at $102,000 after acquiring an additional 553 shares in the last quarter. Institutional investors own 87.47% of the company's stock.

Insiders Place Their Bets

In other Ryder System news, CFO Cristina Gallo-Aquino sold 1,000 shares of the company's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $180.87, for a total transaction of $180,870.00. Following the transaction, the chief financial officer directly owned 26,561 shares in the company, valued at $4,804,088.07. This represents a 3.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director E Follin Smith sold 5,523 shares of Ryder System stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $177.66, for a total value of $981,216.18. Following the completion of the transaction, the director 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 disclosure for this sale can be found here. Insiders have sold 47,582 shares of company stock worth $8,158,745 over the last ninety days. Corporate insiders own 5.20% of the company's stock.

Ryder System Price Performance

Shares of Ryder System stock traded up $1.85 on Friday, hitting $177.64. 357,202 shares of the company were exchanged, compared to its average volume of 436,165. The stock has a market capitalization of $7.25 billion, a price-to-earnings ratio of 15.11 and a beta of 1.00. The company has a 50-day moving average price of $165.07 and a 200 day moving average price of $154.91. Ryder System, Inc. has a 1-year low of $125.54 and a 1-year high of $184.76. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 2.27.

Ryder System (NYSE:R - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The transportation company reported $3.32 earnings per share for the quarter, topping the consensus estimate of $3.11 by $0.21. The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.17 billion. Ryder System had a return on equity of 17.83% and a net margin of 3.99%. The firm's revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $3.00 earnings per share. As a group, sell-side analysts predict 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 will be paid on Friday, September 19th. Shareholders of record on Monday, August 18th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.0%. This is a positive change from Ryder System's previous quarterly dividend of $0.81. The ex-dividend date is Monday, August 18th. Ryder System's payout ratio is currently 30.95%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on R. Stephens boosted 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. Barclays began coverage on Ryder System in a research report on Monday, June 9th. They set an "overweight" rating and a $190.00 price target for the company. 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 report on Monday, July 28th. Wolfe Research raised Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 price target for the company in a research report on Tuesday, July 1st. Finally, Susquehanna began coverage on Ryder System in a research report on Tuesday, July 15th. They set a "positive" rating and a $215.00 price target for the company. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $186.50.

About Ryder System

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.