Northern Trust Corp Reduces Stock Position in Ryder System, Inc. $R

Key Points

• Northern Trust Corp reduced its stake in Ryder System by selling 4,973 shares, bringing its total ownership down to approximately 1.07% or 442,917 shares valued at $63.7 million.
• Ryder System recently reported an EPS of $3.32 for the quarter, exceeding analysts' expectations of $3.11, alongside revenue of $3.19 billion, which was slightly above forecasts.
• The company declared an increased quarterly dividend of $0.91 per share, up from $0.81, reflecting a 2.0% yield and a payout ratio of 30.95%.

Northern Trust Corp lessened its stake in shares of Ryder System, Inc. (NYSE:R - Free Report) by 1.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 442,917 shares of the transportation company's stock after selling 4,973 shares during the period. Northern Trust Corp owned 1.07% of Ryder System worth $63,696,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Invst LLC grew its stake in Ryder System by 0.7% during the 4th quarter. Invst LLC now owns 8,315 shares of the transportation company's stock valued at $1,304,000 after acquiring an additional 61 shares in the last quarter. Deutsche Bank AG grew its stake in Ryder System by 1.6% during the 4th quarter. Deutsche Bank AG now owns 4,136 shares of the transportation company's stock valued at $649,000 after acquiring an additional 65 shares in the last quarter. Baird Financial Group Inc. grew its stake in shares of Ryder System by 0.9% in the 4th quarter. Baird Financial Group Inc. now owns 9,826 shares of the transportation company's stock valued at $1,541,000 after buying an additional 90 shares during the period. SummerHaven Investment Management LLC grew its stake in shares of Ryder System by 1.4% in the 1st 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 during the period. Finally, Louisiana State Employees Retirement System grew its stake in shares of Ryder System by 0.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the transportation company's stock valued at $1,697,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 87.47% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Stephens increased their price target on shares of Ryder System from $150.00 to $190.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. JPMorgan Chase & Co. increased their price target on shares of Ryder System from $165.00 to $173.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Morgan Stanley increased their price target on shares of Ryder System from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Robert W. Baird increased their price target on shares of Ryder System from $186.00 to $192.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Finally, Barclays assumed coverage on shares of Ryder System in a research note on Monday, June 9th. They issued an "overweight" rating and a $190.00 price target for the company. 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. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $186.50.

Ryder System Trading Up 0.2%

Shares of NYSE:R traded up $0.41 during mid-day trading on Friday, reaching $187.53. 250,983 shares of the company were exchanged, compared to its average volume of 371,407. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.82 and a quick ratio of 0.82. Ryder System, Inc. has a 1 year low of $125.54 and a 1 year high of $189.35. The firm has a market cap of $7.65 billion, a price-to-earnings ratio of 15.95 and a beta of 1.00. The firm's 50-day simple moving average is $174.05 and its 200 day simple moving average is $157.09.

Ryder System (NYSE:R - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The transportation company reported $3.32 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $3.17 billion. During the same quarter last year, the company posted $3.00 EPS. The firm's revenue was up .2% compared to the same quarter last year. 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 forecast that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Monday, August 18th will be given a $0.91 dividend. The ex-dividend date of this dividend 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 is 30.95%.

Insider Buying and Selling

In other Ryder System news, CFO Cristina Gallo-Aquino sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $180.87, for a total value of $180,870.00. Following the completion of the transaction, the chief financial officer owned 26,561 shares of the company's stock, valued at $4,804,088.07. This trade represents a 3.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Thomas M. Havens sold 6,500 shares of the firm'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 completion of the sale, the insider owned 32,478 shares in the company, valued at $5,903,526.06. The trade was a 16.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,618 shares of company stock worth $7,587,997 over the last three months. 5.20% of the stock is owned by insiders.

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.