Pacific Heights Asset Management LLC Increases Position in Ryder System, Inc. $R

Key Points

• Pacific Heights Asset Management LLC increased its position in Ryder System by 3.8%, owning 83,000 shares valued at approximately $13.2 million as of the latest SEC filing.
• Wall Street analysts remain optimistic about Ryder System, with average price target estimates rising significantly; firms like Citigroup and Stephens have set targets ranging from $190 to $217.
• Ryder System announced a quarterly dividend of $0.91, which will be paid to shareholders on December 19th, representing an annualized yield of 2.0%.

Pacific Heights Asset Management LLC raised its holdings in shares of Ryder System, Inc. (NYSE:R - Free Report) by 3.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,000 shares of the transportation company's stock after buying an additional 3,000 shares during the period. Pacific Heights Asset Management LLC owned about 0.20% of Ryder System worth $13,197,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Belmont Capital LLC boosted its position in shares of Ryder System by 5.0% during the first quarter. Belmont Capital LLC now owns 1,737 shares of the transportation company's stock valued at $250,000 after buying an additional 83 shares during the period. Redwood Investment Management LLC boosted its position in shares of Ryder System by 1.0% during the first quarter. Redwood Investment Management LLC now owns 9,186 shares of the transportation company's stock valued at $1,321,000 after buying an additional 94 shares during the period. Ballentine Partners LLC boosted its position in shares of Ryder System by 6.5% during the second quarter. Ballentine Partners LLC now owns 1,550 shares of the transportation company's stock valued at $246,000 after buying an additional 95 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of Ryder System by 0.9% during the first 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. Finally, SummerHaven Investment Management LLC boosted its position in shares of Ryder System by 1.6% during the second quarter. SummerHaven Investment Management LLC now owns 6,637 shares of the transportation company's stock valued at $1,055,000 after buying an additional 103 shares during the period. Hedge funds and other institutional investors own 87.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on R. Wall Street Zen upgraded Ryder System from a "hold" rating to a "buy" rating in a research report on Friday, October 3rd. Stephens lifted 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. Morgan Stanley lifted 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. Citigroup assumed coverage on shares of Ryder System in a research note on Monday, September 22nd. They set a "buy" rating and a $217.00 price target for the company. Finally, JPMorgan Chase & Co. lifted 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. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, Ryder System currently has an average rating of "Moderate Buy" and an average price target of $193.22.

Ryder System Stock Performance

Shares of NYSE:R opened at $184.96 on Wednesday. The company has a market capitalization of $7.54 billion, a price-to-earnings ratio of 15.73 and a beta of 1.00. Ryder System, Inc. has a 52 week low of $125.54 and a 52 week high of $195.48. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 2.27. The firm has a 50 day moving average of $185.44 and a 200 day moving average of $166.23.

Ryder System (NYSE:R - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The transportation company reported $3.32 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 3.99% and a return on equity of 17.83%. Ryder System's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.00 earnings per share. 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, sell-side analysts predict that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Monday, November 17th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $3.64 dividend on an annualized basis and a yield of 2.0%. Ryder System's payout ratio is 30.95%.

Insider Buying and Selling

In related news, CFO Cristina Gallo-Aquino sold 1,000 shares of the business'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. The trade was a 3.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robert E. Sanchez sold 22,063 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $182.49, for a total transaction of $4,026,276.87. Following the completion of the transaction, the chief executive officer directly owned 62,887 shares of the company's stock, valued at $11,476,248.63. This trade represents a 25.97% 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 valued at $7,587,997 over the last ninety days. Company insiders own 5.20% of the company's stock.

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.

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