Martingale Asset Management L P Has $606,000 Stake in Ryder System, Inc. $R

Key Points

• Martingale Asset Management L P has reduced its stake in Ryder System, Inc. by 58%, selling 5,829 shares and currently holding a total of 4,214 shares valued at approximately $606,000.
• Ryder System reported an earnings per share (EPS) of $3.32 for the last quarter, exceeding analysts' expectations, and has set Q3 2025 EPS guidance between 3.450-3.650.
• The company has announced a quarterly dividend increase to $0.91, with a payment date set for September 19th, reflecting a dividend yield of 2.0%.

Martingale Asset Management L P lowered its position in shares of Ryder System, Inc. (NYSE:R - Free Report) by 58.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,214 shares of the transportation company's stock after selling 5,829 shares during the period. Martingale Asset Management L P's holdings in Ryder System were worth $606,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Leigh Baldwin & CO. LLC acquired a new stake in Ryder System during the 4th quarter valued at $40,475,000. State of Alaska Department of Revenue grew its stake in shares of Ryder System by 2.2% during the first quarter. State of Alaska Department of Revenue now owns 4,928 shares of the transportation company's stock valued at $708,000 after acquiring an additional 105 shares in the last quarter. DAVENPORT & Co LLC acquired a new stake in shares of Ryder System during the first quarter valued at about $557,000. GAMMA Investing LLC increased its position in shares of Ryder System by 41.8% during the first quarter. GAMMA Investing LLC now owns 1,278 shares of the transportation company's stock worth $184,000 after acquiring an additional 377 shares during the last quarter. Finally, Gotham Asset Management LLC lifted its stake in shares of Ryder System by 10.3% in the fourth quarter. Gotham Asset Management LLC now owns 73,785 shares of the transportation company's stock worth $11,574,000 after acquiring an additional 6,908 shares in the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Ryder System

In other news, insider Thomas M. Havens sold 6,500 shares of the business's stock in a transaction on 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 directly owned 32,478 shares in the company, valued at $5,903,526.06. The trade was a 16.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 completion of the transaction, the chief financial officer directly owned 26,561 shares in the company, valued at $4,804,088.07. This trade represents a 3.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,618 shares of company stock worth $7,587,997. 5.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

R has been the subject of a number of recent analyst reports. Barclays assumed coverage on Ryder System in a research note on Monday, June 9th. They set an "overweight" rating and a $190.00 price objective for the company. Morgan Stanley raised 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. Stephens upped their price target on shares of Ryder System from $150.00 to $190.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. Wolfe Research upgraded shares of Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 price objective on the stock in a research note on Tuesday, July 1st. Finally, Baird R W raised shares of Ryder System to a "strong-buy" rating in a research report on Tuesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Ryder System has an average rating of "Moderate Buy" and a consensus target price of $186.50.

Ryder System Stock Up 0.2%

Ryder System stock traded up $0.41 during mid-day trading on Friday, hitting $187.53. The company's stock had a trading volume of 250,983 shares, compared to its average volume of 277,921. Ryder System, Inc. has a 52-week low of $125.54 and a 52-week high of $189.35. The company has a market cap of $7.65 billion, a PE ratio of 15.95 and a beta of 1.00. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.82 and a quick ratio of 0.82. The firm's 50 day moving average is $174.81 and its 200 day moving average is $157.26.

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, beating analysts' consensus estimates of $3.11 by $0.21. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.17 billion. Ryder System had a return on equity of 17.83% and a net margin of 3.99%.The firm's quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $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. On average, 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 disclosed a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Monday, August 18th will be paid a $0.91 dividend. The ex-dividend date is Monday, August 18th. This represents a $3.64 annualized dividend and a yield of 1.9%. This is a boost from Ryder System's previous quarterly dividend of $0.81. Ryder System's dividend payout ratio (DPR) is currently 30.95%.

Ryder System Company 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.