QRG Capital Management Inc. Increases Stake in Ryder System, Inc. $R

Key Points

• QRG Capital Management Inc. increased its stake in Ryder System, Inc. by 7.7%, acquiring an additional 1,535 shares and owning approximately $3.4 million in shares by the end of the second quarter.
• Ryder System reported quarterly earnings of $3.32 per share, exceeding estimates, with revenue of $3.19 billion, indicating a 0.2% year-over-year growth.
• The company recently raised its quarterly dividend to $0.91 per share, reflecting a 1.9% dividend yield and a payout ratio of 30.95%.

QRG Capital Management Inc. raised its stake in Ryder System, Inc. (NYSE:R - Free Report) by 7.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,414 shares of the transportation company's stock after acquiring an additional 1,535 shares during the quarter. QRG Capital Management Inc. owned approximately 0.05% of Ryder System worth $3,405,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Ryder System during the first quarter worth $26,000. TCTC Holdings LLC raised its position in shares of Ryder System by 116.5% in the first quarter. TCTC Holdings LLC now owns 223 shares of the transportation company's stock worth $32,000 after acquiring an additional 120 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Ryder System by 61.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company's stock worth $41,000 after acquiring an additional 109 shares in the last quarter. Quarry LP acquired a new stake in shares of Ryder System during the 1st quarter valued at about $60,000. Finally, Headlands Technologies LLC purchased a new position in shares of Ryder System in the 1st quarter valued at about $86,000. Institutional investors and hedge funds own 87.47% of the company's stock.

Ryder System Trading Up 0.5%

Shares of R opened at $194.13 on Tuesday. Ryder System, Inc. has a 52-week low of $125.54 and a 52-week high of $195.48. The stock has a market cap of $7.92 billion, a PE ratio of 16.51 and a beta of 1.00. The firm's fifty day moving average is $184.16 and its two-hundred day moving average is $163.35. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 2.27.

Ryder System (NYSE:R - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The transportation company reported $3.32 earnings per share for the quarter, topping the consensus estimate of $3.11 by $0.21. The firm had revenue of $3.19 billion for 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%. The company's revenue for the quarter was up .2% on a year-over-year basis. During the same period last 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. Research analysts forecast that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Monday, August 18th were issued a dividend of $0.91 per share. The ex-dividend date was Monday, August 18th. This represents a $3.64 annualized dividend and a dividend yield of 1.9%. This is an increase from Ryder System's previous quarterly dividend of $0.81. Ryder System's payout ratio is presently 30.95%.

Insiders Place Their Bets

In related news, SVP Sanford J. Hodes sold 532 shares of the stock in a transaction that occurred on 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 owned 24,452 shares of the company's stock, valued at approximately $4,584,260.96. This trade represents a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas M. Havens sold 6,500 shares of the business's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $181.77, for a total value of $1,181,505.00. Following the transaction, the insider directly owned 32,478 shares in the company, valued at $5,903,526.06. This trade represents a 16.68% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,618 shares of company stock valued at $7,587,997. Insiders own 5.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Ryder System from $165.00 to $173.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. Barclays increased their target price on Ryder System from $190.00 to $220.00 and gave the company an "overweight" rating in a research report on Thursday, October 2nd. Morgan Stanley boosted their price target on shares of Ryder System from $175.00 to $190.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Baird R W upgraded shares of Ryder System to a "strong-buy" rating in a research report on Tuesday, July 1st. Finally, Robert W. Baird lifted their target price on shares of Ryder System from $186.00 to $192.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Ryder System has a consensus rating of "Moderate Buy" and an average price target of $193.22.

Ryder System Company 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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