Raymond James Financial Inc. Reduces Holdings in Ryder System, Inc. $R

Key Points

• Raymond James Financial Inc. has reduced its holdings in Ryder System, Inc. by 8.6%, now owning approximately 0.10% of the company, valued at $5.75 million.
• Analyst ratings for Ryder System have improved, with target prices raised by various firms, including an increase from $150 to $190 by Stephens, indicating a strong bullish sentiment towards the stock.
• Ryder System has announced a quarterly dividend increase to $0.91, resulting in an annualized dividend yield of 2.0%, up from the previous rate of $0.81.

Raymond James Financial Inc. lessened its holdings in Ryder System, Inc. (NYSE:R - Free Report) by 8.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,998 shares of the transportation company's stock after selling 3,787 shares during the period. Raymond James Financial Inc. owned 0.10% of Ryder System worth $5,752,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Leigh Baldwin & CO. LLC acquired a new position in shares of Ryder System during the 4th quarter worth approximately $40,475,000. GAMMA Investing LLC raised its holdings in shares of Ryder System by 20,298.3% in the first quarter. GAMMA Investing LLC now owns 183,789 shares of the transportation company's stock worth $26,431,000 after acquiring an additional 182,888 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Ryder System in the first quarter valued at $18,204,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Ryder System during the fourth quarter valued at $16,317,000. Finally, Balyasny Asset Management L.P. increased its position in Ryder System by 2,500.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 91,393 shares of the transportation company's stock worth $14,336,000 after purchasing an additional 87,879 shares in the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Stephens upped their target price on shares of Ryder System from $150.00 to $190.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. Barclays began coverage on shares of Ryder System in a research note on Monday, June 9th. They set an "overweight" rating and a $190.00 price objective on the stock. JPMorgan Chase & Co. lifted their target price on shares of Ryder System from $165.00 to $173.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. Baird R W upgraded Ryder System to a "strong-buy" rating in a report on Tuesday, July 1st. Finally, Wolfe Research upgraded Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 price objective on the stock in a report on Tuesday, July 1st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $186.50.

Insider Buying and Selling at Ryder System

In other Ryder System news, insider Thomas M. Havens sold 6,500 shares of the business's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $181.77, for a total transaction of $1,181,505.00. Following the transaction, the insider owned 32,478 shares in the company, valued at $5,903,526.06. The trade was a 16.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Steve W. Martin sold 5,500 shares of the company'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 completion of the sale, the executive vice president directly owned 24,235 shares of the company's stock, valued at $4,531,460.30. The trade was a 18.50% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,618 shares of company stock worth $7,587,997. Corporate insiders own 5.20% of the company's stock.

Ryder System Stock Performance

Shares of NYSE:R opened at $185.92 on Thursday. The business has a 50-day moving average of $176.68 and a two-hundred day moving average of $157.78. The firm has a market capitalization of $7.58 billion, a PE 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. Ryder System, Inc. has a 12 month low of $125.54 and a 12 month high of $189.35.

Ryder System (NYSE:R - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The transportation company reported $3.32 earnings per share for the quarter, beating the consensus estimate of $3.11 by $0.21. The business had revenue of $3.19 billion for the quarter, compared to analyst estimates 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 was up .2% compared to the same quarter last year. During the same period in the previous year, the company posted $3.00 EPS. Ryder System has set its Q3 2025 guidance at 3.450-3.650 EPS. FY 2025 guidance at 12.850-13.300 EPS. As a group, 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 announced a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Monday, August 18th will be paid a $0.91 dividend. 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 2.0%. This is a boost from Ryder System's previous quarterly dividend of $0.81. Ryder System's payout ratio is 30.95%.

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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