Ryder System, Inc. $R Shares Acquired by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. increased its holdings in Ryder System, Inc. by 2.7%, owning 445,921 shares valued at approximately $64.13 million as of the last reporting period.
• Ryder System recently reported better-than-expected earnings, posting $3.32 EPS for the quarter, exceeding analysts' estimates of $3.11, along with a revenue of $3.19 billion.
• The company announced a quarterly dividend increase to $0.91 per share, up from $0.81, reflecting positive financial performance and a commitment to returning value to shareholders.

Jacobs Levy Equity Management Inc. lifted its stake in Ryder System, Inc. (NYSE:R - Free Report) by 2.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 445,921 shares of the transportation company's stock after buying an additional 11,650 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 1.08% of Ryder System worth $64,128,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of R. Wellington Management Group LLP grew its position in shares of Ryder System by 16.2% in the 1st quarter. Wellington Management Group LLP now owns 2,984,836 shares of the transportation company's stock valued at $429,249,000 after buying an additional 415,103 shares during the last quarter. Leigh Baldwin & CO. LLC purchased a new position in shares of Ryder System in the 4th quarter valued at $40,475,000. GAMMA Investing LLC grew its position in shares of Ryder System by 20,298.3% in the 1st quarter. GAMMA Investing LLC now owns 183,789 shares of the transportation company's stock valued at $26,431,000 after buying an additional 182,888 shares during the last quarter. Nuveen LLC purchased a new position in Ryder System during the 1st quarter worth $18,204,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Ryder System in the fourth quarter valued at $16,317,000. 87.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Ryder System

In other Ryder System news, SVP Sanford J. Hodes sold 532 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $187.48, for a total transaction of $99,739.36. Following the completion of the sale, the senior vice president directly owned 24,452 shares in the company, valued at $4,584,260.96. The trade was a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Cristina Gallo-Aquino sold 1,000 shares of the business's stock in a transaction that occurred 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 sale, the chief financial officer owned 26,561 shares of the company's stock, valued at approximately $4,804,088.07. This represents a 3.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 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.

Ryder System Price Performance

Shares of NYSE R traded down $2.29 during midday trading on Tuesday, hitting $185.83. The company had a trading volume of 170,181 shares, compared to its average volume of 366,813. 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 firm has a market capitalization of $7.58 billion, a price-to-earnings ratio of 15.80 and a beta of 0.98. The business has a 50-day simple moving average of $178.39 and a two-hundred day simple moving average of $158.08. Ryder System, Inc. has a twelve month low of $125.54 and a twelve month high of $191.00.

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, topping analysts' consensus estimates of $3.11 by $0.21. The company had revenue of $3.19 billion during 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 firm's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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. Equities research analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Increases Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on R shares. Wolfe Research upgraded shares of Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 target price for the company in a research note on Tuesday, July 1st. Baird R W upgraded shares of Ryder System to a "strong-buy" rating in a research note on Tuesday, July 1st. Stephens increased 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. Robert W. Baird increased their target price on shares of Ryder System from $186.00 to $192.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. Finally, JPMorgan Chase & Co. increased their target price on shares of Ryder System from $165.00 to $173.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. One investment 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 MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.