Orbis Allan Gray Ltd boosted its holdings in shares of Ryder System, Inc. (NYSE:R - Free Report) by 0.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 870,959 shares of the transportation company's stock after purchasing an additional 7,429 shares during the period. Orbis Allan Gray Ltd owned approximately 2.11% of Ryder System worth $125,253,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Coldstream Capital Management Inc. lifted its position in shares of Ryder System by 8.8% in the 4th quarter. Coldstream Capital Management Inc. now owns 1,860 shares of the transportation company's stock valued at $292,000 after acquiring an additional 151 shares in the last quarter. Northern Trust Corp lifted its position in shares of Ryder System by 28.1% in the 4th quarter. Northern Trust Corp now owns 447,890 shares of the transportation company's stock valued at $70,256,000 after acquiring an additional 98,196 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Ryder System by 28.5% in the 4th quarter. Jane Street Group LLC now owns 34,710 shares of the transportation company's stock valued at $5,445,000 after acquiring an additional 7,703 shares in the last quarter. Algert Global LLC lifted its position in shares of Ryder System by 15.6% in the 4th quarter. Algert Global LLC now owns 29,525 shares of the transportation company's stock valued at $4,631,000 after acquiring an additional 3,978 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Ryder System by 98.8% in the 4th quarter. Ameriprise Financial Inc. now owns 140,758 shares of the transportation company's stock valued at $22,079,000 after acquiring an additional 69,937 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, EVP Steve W. Martin sold 5,500 shares of the stock in a transaction on Friday, August 22nd. The shares were 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 in the company, valued at $4,531,460.30. This represents a 18.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director E Follin Smith sold 5,523 shares of the stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $177.66, for a total transaction of $981,216.18. Following the transaction, the director owned 33,779 shares in the company, valued at approximately $6,001,177.14. This trade represents a 14.05% decrease in their position. 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 quarter. 5.20% of the stock is currently owned by corporate insiders.
Ryder System Stock Down 0.5%
Ryder System stock traded down $0.96 during trading hours on Wednesday, hitting $185.92. The company had a trading volume of 191,107 shares, compared to its average volume of 369,020. The firm has a market capitalization of $7.58 billion, a P/E ratio of 15.81 and a beta of 0.99. 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 fifty day moving average is $176.08 and its 200-day moving average is $157.58. Ryder System, Inc. has a fifty-two week low of $125.54 and a fifty-two week high of $189.35.
Ryder System (NYSE:R - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The transportation company reported $3.32 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 analyst estimates of $3.17 billion. During the same quarter in the prior year, the business posted $3.00 EPS. 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. On average, research analysts forecast that Ryder System, Inc. will post 13.68 earnings per share for the current year.
Ryder System Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Monday, August 18th will be paid a dividend of $0.91 per share. This is a positive change from Ryder System's previous quarterly dividend of $0.81. The ex-dividend date is Monday, August 18th. This represents a $3.64 annualized dividend and a dividend yield of 2.0%. Ryder System's dividend payout ratio (DPR) is currently 30.95%.
Analysts Set New Price Targets
Several brokerages recently commented on R. Baird R W upgraded shares of Ryder System to a "strong-buy" rating in a research report on Tuesday, July 1st. Wolfe Research upgraded shares of Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 price target for the company in a research report on Tuesday, July 1st. 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 price target for the company. 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 report on Tuesday, July 8th. Finally, Morgan Stanley upped their price objective 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. One equities 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $186.50.
Get Our Latest Analysis on Ryder System
About Ryder System
(
Free Report)
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.
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