Nuveen LLC Invests $18.20 Million in Ryder System, Inc. $R

Key Points

• Nuveen LLC acquired 126,587 shares of Ryder System, Inc. for approximately $18.2 million, representing a 0.31% ownership stake in the company.
• Insider sales included the director E Follin Smith selling 5,523 shares at an average price of $177.66, and Thomas M. Havens selling 6,500 shares at $181.77, indicating a decrease in insider ownership.
• Ryder System has declared a quarterly dividend of $0.91, an increase from the previous $0.81, reflecting a growing return to shareholders.

Nuveen LLC bought a new stake in shares of Ryder System, Inc. (NYSE:R - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 126,587 shares of the transportation company's stock, valued at approximately $18,204,000. Nuveen LLC owned 0.31% of Ryder System as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of R. Leigh Baldwin & CO. LLC bought a new position in shares of Ryder System during the 4th quarter valued at approximately $40,475,000. GAMMA Investing LLC grew its position in shares of Ryder System by 20,298.3% during the 1st quarter. GAMMA Investing LLC now owns 183,789 shares of the transportation company's stock valued at $26,431,000 after acquiring an additional 182,888 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Ryder System during the 4th quarter valued at approximately $16,317,000. Northern Trust Corp lifted its stake in shares of Ryder System by 28.1% during the 4th quarter. Northern Trust Corp now owns 447,890 shares of the transportation company's stock valued at $70,256,000 after buying an additional 98,196 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its stake in shares of Ryder System by 2,500.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 91,393 shares of the transportation company's stock valued at $14,336,000 after buying an additional 87,879 shares in the last quarter. 87.47% of the stock is owned by institutional investors.

Insider Buying and Selling at Ryder System

In related news, insider Thomas M. Havens sold 6,500 shares of the business's stock in a transaction dated 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 sale, the insider owned 32,478 shares of the company's stock, valued at $5,903,526.06. The trade was a 16.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction of $981,216.18. Following the sale, 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 position. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,586 shares of company stock worth $6,459,868. Insiders own 5.20% of the company's stock.

Ryder System Trading Down 1.4%

Shares of NYSE R traded down $2.6890 during midday trading on Monday, hitting $183.9210. 175,330 shares of the company traded hands, compared to its average volume of 315,361. Ryder System, Inc. has a 12-month low of $125.54 and a 12-month high of $189.35. 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 stock has a 50-day moving average price of $171.89 and a 200 day moving average price of $156.46. The firm has a market cap of $7.50 billion, a P/E ratio of 15.64 and a beta of 1.00.

Ryder System (NYSE:R - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The transportation company reported $3.32 earnings per share (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 for the quarter, compared to analysts' expectations of $3.17 billion. During the same quarter in the previous year, the company earned $3.00 earnings per share. Ryder System'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. As a group, analysts expect that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Increases Dividend

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

Analyst Ratings Changes

A number of brokerages recently commented on R. JPMorgan Chase & Co. upped 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. Barclays began coverage on shares of Ryder System in a research note on Monday, June 9th. They set an "overweight" rating and a $190.00 price target on the stock. Susquehanna began coverage on shares of Ryder System in a research note on Tuesday, July 15th. They set a "positive" rating and a $215.00 price target on the stock. Baird R W upgraded shares of Ryder System to a "strong-buy" rating in a research note on Tuesday, July 1st. Finally, 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 note 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 assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus 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.