Martingale Asset Management L P Reduces Position 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 lessened its position in Ryder System, Inc. (NYSE:R - Free Report) by 58.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Leigh Baldwin & CO. LLC bought a new position in Ryder System in the 4th quarter worth $40,475,000. State of Alaska Department of Revenue grew its holdings in shares of 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 worth $708,000 after acquiring an additional 105 shares during the period. DAVENPORT & Co LLC purchased a new position in shares of Ryder System in the 1st quarter valued at approximately $557,000. GAMMA Investing LLC boosted 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 valued at $184,000 after purchasing an additional 377 shares in the last quarter. Finally, Gotham Asset Management LLC grew its stake in 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 purchasing an additional 6,908 shares during the period. 87.47% of the stock is owned by institutional investors.

Insider Activity at Ryder System

In other news, Director E Follin Smith sold 5,523 shares of the business's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $177.66, for a total value of $981,216.18. Following the transaction, the director directly owned 33,779 shares in the company, valued at $6,001,177.14. The trade was a 14.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Steve W. Martin sold 5,500 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $186.98, for a total transaction of $1,028,390.00. Following the transaction, the executive vice president owned 24,235 shares of the company's stock, valued at approximately $4,531,460.30. This represents a 18.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,618 shares of company stock worth $7,587,997 in the last 90 days. Insiders own 5.20% of the company's stock.

Ryder System Stock Performance

Shares of R stock traded down $0.69 during trading hours on Friday, reaching $186.43. The company had a trading volume of 89,062 shares, compared to its average volume of 370,367. 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 business has a fifty day moving average price of $174.05 and a 200-day moving average price of $157.09. Ryder System, Inc. has a one year low of $125.54 and a one year high of $189.35. The firm has a market cap of $7.60 billion, a PE ratio of 15.87 and a beta of 1.00.

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 (EPS) for the quarter, topping the consensus estimate of $3.11 by $0.21. Ryder System had a net margin of 3.99% and a return on equity of 17.83%. The company had revenue of $3.19 billion for the quarter, compared to analysts' expectations of $3.17 billion. During the same quarter last year, the company posted $3.00 earnings per share. The firm'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. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Monday, August 18th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.0%. This is an increase from Ryder System's previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Monday, August 18th. Ryder System's dividend payout ratio is 30.95%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on R. Susquehanna began coverage on shares of Ryder System in a research report on Tuesday, July 15th. They issued a "positive" rating and a $215.00 target price on the stock. Robert W. Baird upped their price objective on shares of Ryder System from $186.00 to $192.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. Wolfe Research raised 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 report on Tuesday, July 1st. Finally, Morgan Stanley boosted their price target on Ryder System from $175.00 to $190.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Ryder System has an average rating of "Moderate Buy" and an average 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.