Invesco Ltd. Has $58.68 Million Position in Ryder System, Inc. $R

Key Points

• Invesco Ltd. reduced its stake in Ryder System, Inc. by 10.7% during the first quarter, now owning approximately 0.99% of the company, valued at $58.68 million.
• Ryder System reported an EPS of $3.32 for the latest quarter, exceeding analysts' consensus estimate of $3.11, alongside a slight revenue increase of 0.2% year-over-year.
• The company has declared a quarterly dividend of $0.91, up from the previous dividend of $0.81, reflecting a 2.0% yield with a payout ratio of 27.55%.

Invesco Ltd. decreased its position in Ryder System, Inc. (NYSE:R - Free Report) by 10.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 408,062 shares of the transportation company's stock after selling 48,906 shares during the quarter. Invesco Ltd. owned about 0.99% of Ryder System worth $58,683,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Ryder System in the 1st quarter valued at approximately $26,000. TCTC Holdings LLC grew its stake in shares of Ryder System by 116.5% in the 1st quarter. TCTC Holdings LLC now owns 223 shares of the transportation company's stock valued at $32,000 after buying an additional 120 shares in the last quarter. Curat Global LLC bought a new stake in shares of Ryder System in the 1st quarter valued at approximately $55,000. Kapitalo Investimentos Ltda bought a new stake in shares of Ryder System in the 4th quarter valued at approximately $59,000. Finally, Headlands Technologies LLC bought a new stake in shares of Ryder System in the 1st quarter valued at approximately $86,000. Institutional investors own 87.47% of the company's stock.

Insider Transactions at Ryder System

In related news, insider Thomas M. Havens sold 6,500 shares of the company'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 completion of the transaction, the insider directly owned 32,478 shares in the company, valued at approximately $5,903,526.06. This represents 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, Director E Follin Smith sold 5,523 shares of the company's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $177.66, for a total value of $981,216.18. Following the completion of the transaction, the director owned 33,779 shares of the company's stock, valued at $6,001,177.14. The trade was a 14.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,586 shares of company stock valued at $6,459,868. Company insiders own 5.20% of the company's stock.

Analysts Set New Price Targets

R has been the subject of several recent research reports. Wolfe Research raised Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 price target for the company in a research note on Tuesday, July 1st. Stephens upped their target price on Ryder System from $150.00 to $190.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. Morgan Stanley upped their target price on Ryder System from $175.00 to $190.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Barclays began coverage on Ryder System in a research report on Monday, June 9th. They set an "overweight" rating and a $190.00 target price for the company. Finally, Robert W. Baird upped their target price on Ryder System from $186.00 to $192.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. One research 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 company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $186.50.

Ryder System Stock Performance

Shares of R traded up $2.25 during mid-day trading on Tuesday, hitting $181.14. The company's stock had a trading volume of 355,718 shares, compared to its average volume of 377,605. Ryder System, Inc. has a one year low of $125.54 and a one year high of $184.76. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market capitalization of $7.39 billion, a PE ratio of 15.40 and a beta of 1.00. The stock's 50-day moving average is $168.68 and its two-hundred day moving average is $155.60.

Ryder System (NYSE:R - Get Free Report) last posted 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. Ryder System had a return on equity of 17.83% and a net margin of 3.99%.The company had revenue of $3.19 billion during the quarter, compared to analysts' expectations of $3.17 billion. During the same period in the prior year, the business earned $3.00 earnings per share. Ryder System's revenue for the quarter was up .2% compared to the same quarter last year. 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, sell-side analysts anticipate that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Monday, August 18th will be paid a $0.91 dividend. The ex-dividend date is Monday, August 18th. This is a positive change from Ryder System's previous quarterly dividend of $0.81. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.0%. Ryder System's dividend payout ratio is currently 30.95%.

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.