Ryder System, Inc. $R Shares Sold by Northern Trust Corp

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.

Several other hedge funds have also recently modified their holdings of R. Brooklyn Investment Group boosted its position in Ryder System by 2,004.5% during the first quarter. Brooklyn Investment Group now owns 926 shares of the transportation company's stock worth $133,000 after acquiring an additional 882 shares during the last quarter. Algert Global LLC boosted its position in Ryder System by 58.5% during the first quarter. Algert Global LLC now owns 46,785 shares of the transportation company's stock worth $6,728,000 after acquiring an additional 17,260 shares during the last quarter. Cresset Asset Management LLC boosted its position in Ryder System by 31.2% during the first quarter. Cresset Asset Management LLC now owns 1,960 shares of the transportation company's stock worth $282,000 after acquiring an additional 466 shares during the last quarter. American Century Companies Inc. boosted its position in Ryder System by 0.3% during the first quarter. American Century Companies Inc. now owns 846,771 shares of the transportation company's stock worth $121,774,000 after acquiring an additional 2,876 shares during the last quarter. Finally, Ethic Inc. boosted its position in Ryder System by 123.7% during the first quarter. Ethic Inc. now owns 8,978 shares of the transportation company's stock worth $1,313,000 after acquiring an additional 4,965 shares during the last quarter. Institutional investors and hedge funds own 87.47% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts 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 price target on the stock in a research report on Tuesday, July 1st. Stephens raised their price objective on shares of Ryder System from $150.00 to $190.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. Robert W. Baird raised their price objective on shares of Ryder System from $186.00 to $192.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Baird R W upgraded shares of Ryder System to a "strong-buy" rating in a research report on Tuesday, July 1st. Finally, Morgan Stanley raised their price objective 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. 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. Based on data from MarketBeat.com, Ryder System has an average rating of "Moderate Buy" and a consensus price target of $186.50.

Insider Buying and Selling

In other Ryder System news, insider Thomas M. Havens sold 6,500 shares of Ryder System stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $181.77, for a total value of $1,181,505.00. Following the completion of the transaction, the insider directly owned 32,478 shares of the company's stock, 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 through this link. Also, CFO Cristina Gallo-Aquino sold 1,000 shares of the stock in a transaction dated 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 sale, the chief financial officer directly owned 26,561 shares in the company, valued at $4,804,088.07. This represents a 3.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,618 shares of company stock worth $7,587,997 over the last 90 days. 5.20% of the stock is owned by insiders.

Ryder System Trading Up 0.2%

NYSE R traded up $0.41 during trading hours on Friday, reaching $187.53. The company had a trading volume of 250,983 shares, compared to its average volume of 272,799. The stock has a 50-day moving average of $174.81 and a 200 day moving average of $157.23. Ryder System, Inc. has a 1-year low of $125.54 and a 1-year high of $189.35. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.27. The stock has a market capitalization of $7.65 billion, a P/E ratio of 15.95 and a beta of 0.98.

Ryder System (NYSE:R - Get Free Report) last released its earnings results on Thursday, July 24th. The transportation company reported $3.32 earnings per share for the quarter, beating the consensus estimate of $3.11 by $0.21. The company had revenue of $3.19 billion during 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%.Ryder System's revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the company posted $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. As a group, research analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Increases Dividend

The company also recently announced 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 an increase from Ryder System's previous quarterly dividend of $0.81. Ryder System's dividend payout ratio is presently 30.95%.

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.