Petrus Trust Company LTA Purchases New Stake in Ryder System, Inc. $R

Key Points

• Petrus Trust Company LTA acquired 1,411 shares of Ryder System, Inc., valued at approximately $203,000, in Q1 according to its 13F filing.
• Institutional investors now own 87.47% of Ryder System's stock, with Wellington Management Group boosting its position by 16.2% during the same period.
• Ryder System recently declared a quarterly dividend of $0.91 per share, which will be paid on September 19th, reflecting an increase from the previous dividend of $0.81.

Petrus Trust Company LTA purchased a new position in shares of Ryder System, Inc. (NYSE:R - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,411 shares of the transportation company's stock, valued at approximately $203,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP increased its position in shares of Ryder System by 16.2% during the 1st quarter. Wellington Management Group LLP now owns 2,984,836 shares of the transportation company's stock valued at $429,249,000 after purchasing an additional 415,103 shares during the last quarter. LSV Asset Management increased its holdings in Ryder System by 0.3% in the 1st quarter. LSV Asset Management now owns 1,456,453 shares of the transportation company's stock worth $209,453,000 after acquiring an additional 4,912 shares during the last quarter. Orbis Allan Gray Ltd increased its holdings in Ryder System by 0.9% in the 1st quarter. Orbis Allan Gray Ltd now owns 870,959 shares of the transportation company's stock worth $125,253,000 after acquiring an additional 7,429 shares during the last quarter. American Century Companies Inc. increased its holdings in Ryder System by 0.3% in the 1st 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, Bank of New York Mellon Corp increased its holdings in Ryder System by 5.5% in the 1st quarter. Bank of New York Mellon Corp now owns 527,906 shares of the transportation company's stock worth $75,918,000 after acquiring an additional 27,632 shares during the last quarter. 87.47% of the stock is currently owned by institutional investors.

Ryder System Stock Performance

Shares of R traded down $2.05 during midday trading on Friday, reaching $187.52. 409,815 shares of the stock were exchanged, compared to its average volume of 240,636. 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 twelve month low of $125.54 and a twelve month high of $191.00. The business's 50-day moving average price is $179.70 and its 200 day moving average price is $158.86. The company has a market capitalization of $7.65 billion, a price-to-earnings ratio of 15.95 and a beta of 0.99.

Ryder System (NYSE:R - Get Free Report) last issued its earnings results on Thursday, July 24th. The transportation company reported $3.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.11 by $0.21. Ryder System had a net margin of 3.99% and a return on equity of 17.83%. The business 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. The company's revenue for the quarter 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, sell-side analysts expect that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Monday, August 18th will be paid a dividend of $0.91 per share. This is an increase from Ryder System's previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Monday, August 18th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.9%. Ryder System's dividend payout ratio (DPR) is 30.95%.

Analyst Ratings Changes

A number of analysts have recently issued reports on R shares. Stephens lifted their price target on Ryder System from $150.00 to $190.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 29th. Wolfe Research upgraded Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 price objective for the company in a research report on Tuesday, July 1st. Robert W. Baird boosted their price objective on Ryder System from $186.00 to $192.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. JPMorgan Chase & Co. boosted their target price on Ryder System from $165.00 to $173.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Finally, Baird R W raised Ryder System to a "strong-buy" rating in a research note on Tuesday, July 1st. One investment 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.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $186.50.

Insider Buying and Selling at Ryder System

In related news, CFO Cristina Gallo-Aquino sold 1,000 shares of the company's 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 sale, 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director E Follin Smith sold 5,523 shares of the business's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $177.66, for a total transaction of $981,216.18. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,618 shares of company stock worth $7,587,997 in the last ninety days. Company insiders own 5.20% of the company's stock.

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.