Ryder System, Inc. $R Holdings Trimmed by Invesco Ltd.

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

Other institutional investors and hedge funds have also made changes to their positions in the company. Leigh Baldwin & CO. LLC acquired a new stake in shares of Ryder System during the 4th quarter valued at approximately $40,475,000. State of Alaska Department of Revenue increased its position in Ryder System by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 4,928 shares of the transportation company's stock worth $708,000 after buying an additional 105 shares during the period. DAVENPORT & Co LLC acquired a new stake in Ryder System in the first quarter worth $557,000. GAMMA Investing LLC increased its position in Ryder System by 41.8% in the first quarter. GAMMA Investing LLC now owns 1,278 shares of the transportation company's stock worth $184,000 after buying an additional 377 shares during the period. Finally, Gotham Asset Management LLC increased its position in Ryder System by 10.3% in the fourth quarter. Gotham Asset Management LLC now owns 73,785 shares of the transportation company's stock worth $11,574,000 after buying an additional 6,908 shares during the period. 87.47% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Ryder System

In related news, CEO Robert E. Sanchez sold 22,063 shares of the firm's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $182.49, for a total transaction of $4,026,276.87. Following the completion of the transaction, the chief executive officer owned 62,887 shares of the company's stock, valued at $11,476,248.63. This trade represents a 25.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director E Follin Smith sold 5,523 shares of the firm's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $177.66, for a total value of $981,216.18. Following the transaction, the director directly owned 33,779 shares of the company's stock, valued at $6,001,177.14. This represents a 14.05% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,586 shares of company stock worth $6,459,868. Corporate insiders own 5.20% of the company's stock.

Analyst Upgrades and Downgrades

R has been the topic of several analyst reports. Susquehanna initiated coverage on Ryder System in a research report 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 stock an "outperform" rating in a research report on Monday, July 28th. Wolfe Research raised Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 target price on the stock in a research report on Tuesday, July 1st. Baird R W raised Ryder System to a "strong-buy" rating in a research report on Tuesday, July 1st. Finally, Stephens increased 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. One 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 stock has an average rating of "Moderate Buy" and an average price target of $186.50.

Ryder System Stock Performance

Shares of NYSE:R traded up $1.4910 on Thursday, hitting $180.3910. The company's stock had a trading volume of 156,786 shares, compared to its average volume of 363,513. Ryder System, Inc. has a 12 month low of $125.54 and a 12 month high of $184.76. The company has a market capitalization of $7.36 billion, a price-to-earnings ratio of 15.34 and a beta of 1.00. The stock's 50-day moving average is $170.42 and its two-hundred day moving average is $156.11. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.82 and a current ratio of 0.82.

Ryder System (NYSE:R - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The transportation company reported $3.32 earnings per share (EPS) for the quarter, topping 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 quarter in the prior year, the business posted $3.00 earnings per share. The company'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. On average, equities research analysts forecast 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 dividend of $0.91 per share. This is an increase from Ryder System's previous quarterly dividend of $0.81. This represents a $3.64 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Monday, August 18th. Ryder System's dividend payout ratio (DPR) 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.