Gotham Asset Management LLC Buys 21,115 Shares of Ryder System, Inc. $R

Key Points

• Gotham Asset Management LLC increased its stake in Ryder System, Inc. by 28.6% in the first quarter, owning approximately 0.23% of the company, equivalent to $13.6 million.
• Ryder System received positive adjustments from analysts, with price targets raised across several firms, including Morgan Stanley and Robert W. Baird, reflecting an overall optimistic market sentiment.
• The company announced a quarterly dividend of $0.91, up from $0.81, indicating a commitment to returning value to shareholders with a 1.9% annualized yield.

Gotham Asset Management LLC grew its stake in shares of Ryder System, Inc. (NYSE:R - Free Report) by 28.6% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 94,900 shares of the transportation company's stock after buying an additional 21,115 shares during the period. Gotham Asset Management LLC owned approximately 0.23% of Ryder System worth $13,648,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. Invst LLC raised its holdings in Ryder System by 0.7% in the fourth quarter. Invst LLC now owns 8,315 shares of the transportation company's stock worth $1,304,000 after purchasing an additional 61 shares during the period. Deutsche Bank AG increased its position in Ryder System by 1.6% during the 4th quarter. Deutsche Bank AG now owns 4,136 shares of the transportation company's stock worth $649,000 after purchasing an additional 65 shares in the last quarter. Belmont Capital LLC increased its position in Ryder System by 5.0% in the 1st quarter. Belmont Capital LLC now owns 1,737 shares of the transportation company's stock valued at $250,000 after acquiring an additional 83 shares during the period. Baird Financial Group Inc. boosted its stake in Ryder System by 0.9% during the fourth quarter. Baird Financial Group Inc. now owns 9,826 shares of the transportation company's stock worth $1,541,000 after acquiring an additional 90 shares in the last quarter. Finally, SummerHaven Investment Management LLC lifted its stake in shares of Ryder System by 1.4% in the first quarter. SummerHaven Investment Management LLC now owns 6,534 shares of the transportation company's stock valued at $940,000 after buying an additional 90 shares in the last quarter. 87.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on R shares. 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. Robert W. Baird increased their price objective on shares of Ryder System from $186.00 to $192.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Susquehanna started 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 on the stock. Barclays started coverage on shares of Ryder System in a report on Monday, June 9th. They issued an "overweight" rating and a $190.00 target price for the company. Finally, Stephens raised their price target on Ryder System from $150.00 to $190.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $186.50.

Ryder System Trading Down 1.2%

Shares of NYSE R traded down $2.29 during mid-day trading on Tuesday, reaching $185.83. 171,711 shares of the company's stock were exchanged, compared to its average volume of 245,198. 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 firm has a market capitalization of $7.58 billion, a price-to-earnings ratio of 15.80 and a beta of 0.99. The company's 50-day moving average is $178.74 and its 200-day moving average is $158.28. Ryder System, Inc. has a 52-week low of $125.54 and a 52-week high of $191.00.

Ryder System (NYSE:R - Get Free Report) last issued its earnings results 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. Ryder System had a return on equity of 17.83% and a net margin of 3.99%.The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same quarter last year, the company earned $3.00 EPS. The business'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. Analysts expect that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Monday, August 18th will be given a $0.91 dividend. The ex-dividend date is Monday, August 18th. This represents a $3.64 annualized dividend and a yield of 2.0%. This is an increase from Ryder System's previous quarterly dividend of $0.81. Ryder System's payout ratio is 30.95%.

Insider Activity

In other news, Director E Follin Smith sold 5,523 shares of the firm's stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $177.66, for a total transaction of $981,216.18. Following the completion of the sale, the director directly owned 33,779 shares of the company's stock, valued at $6,001,177.14. This trade represents a 14.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Thomas M. Havens sold 6,500 shares of the firm's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $181.77, for a total value of $1,181,505.00. Following the transaction, the insider owned 32,478 shares in the company, valued at approximately $5,903,526.06. This trade represents 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 worth $7,587,997 in the last quarter. 5.20% of the stock is currently owned by corporate insiders.

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.