Public Employees Retirement System of Ohio Sells 2,004 Shares of Ryder System, Inc. $R

Key Points

• The Public Employees Retirement System of Ohio sold 2,004 shares of Ryder System, Inc., reducing its stake by 7.8% to 23,705 shares, valued at approximately $3.77 million.
• Ryder System reported a quarterly EPS of $3.32, exceeding analyst expectations and showing a slight revenue increase from the previous year.
• The company increased its quarterly dividend from $0.81 to $0.91, resulting in an annualized dividend yield of 1.9% and a payout ratio of 30.95%.

Public Employees Retirement System of Ohio lowered its position in Ryder System, Inc. (NYSE:R - Free Report) by 7.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,705 shares of the transportation company's stock after selling 2,004 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.06% of Ryder System worth $3,769,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Ryder System in the first quarter worth $26,000. TCTC Holdings LLC increased its stake in Ryder System by 116.5% in the first quarter. TCTC Holdings LLC now owns 223 shares of the transportation company's stock valued at $32,000 after acquiring an additional 120 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in Ryder System by 61.2% in the first quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company's stock valued at $41,000 after acquiring an additional 109 shares during the last quarter. Curat Global LLC bought a new position in Ryder System in the first quarter valued at $55,000. Finally, Quarry LP bought a new position in Ryder System in the first quarter valued at $60,000. Institutional investors own 87.47% of the company's stock.

Ryder System Stock Up 1.0%

Shares of NYSE:R opened at $188.91 on Wednesday. The stock's 50-day moving average price is $183.09 and its 200-day moving average price is $161.77. Ryder System, Inc. has a 12-month low of $125.54 and a 12-month high of $191.00. The stock has a market capitalization of $7.71 billion, a P/E ratio of 16.06 and a beta of 0.99. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.27.

Ryder System (NYSE:R - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $3.19 billion for the quarter, compared to analysts' expectations of $3.17 billion. Ryder System had a return on equity of 17.83% and a net margin of 3.99%.The company's revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the firm earned $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, equities analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Monday, August 18th were paid a $0.91 dividend. The ex-dividend date of this dividend was Monday, August 18th. This is a boost from Ryder System's previous quarterly dividend of $0.81. This represents a $3.64 annualized dividend and a dividend yield of 1.9%. Ryder System's payout ratio is 30.95%.

Insider Buying and Selling

In related news, EVP Steve W. Martin sold 5,500 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $186.98, for a total value of $1,028,390.00. Following the sale, the executive vice president directly owned 24,235 shares of the company's stock, valued at $4,531,460.30. This trade represents a 18.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Sanford J. Hodes sold 532 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $187.48, for a total value of $99,739.36. Following the completion of the sale, the senior vice president directly owned 24,452 shares in the company, valued at $4,584,260.96. The trade was a 2.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,618 shares of company stock valued at $7,587,997 over the last ninety days. Corporate insiders own 5.20% of the company's stock.

Analyst Upgrades and Downgrades

R has been the topic of a number of research analyst reports. Barclays initiated coverage on Ryder System in a research note on Monday, June 9th. They issued an "overweight" rating and a $190.00 target price on the stock. Susquehanna initiated coverage on Ryder System in a research note on Tuesday, July 15th. They issued a "positive" rating and a $215.00 target price on the stock. Robert W. Baird increased their target price on Ryder System from $186.00 to $192.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Citigroup initiated coverage on Ryder System in a research note on Monday, September 22nd. They issued a "buy" rating and a $217.00 target price on the stock. Finally, Morgan Stanley increased their target price on Ryder System from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Ryder System currently has an average rating of "Moderate Buy" and a consensus price target of $189.89.

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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