Ryder System, Inc. $R Shares Sold by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. reduced its stake in Ryder System by 1.6% during the first quarter, now owning approximately $15.76 million worth of shares.
• Ryder System reported $3.32 earnings per share for the latest quarter, exceeding analyst expectations and showing a 0.2% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.91 per share, increasing from the previous dividend of $0.81, with a current dividend yield of 2.0%.

Russell Investments Group Ltd. lowered its holdings in Ryder System, Inc. (NYSE:R - Free Report) by 1.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 109,609 shares of the transportation company's stock after selling 1,727 shares during the quarter. Russell Investments Group Ltd. owned 0.27% of Ryder System worth $15,761,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of Montreal Can grew its position in shares of Ryder System by 6.4% during the 4th quarter. Bank of Montreal Can now owns 6,674 shares of the transportation company's stock valued at $1,047,000 after acquiring an additional 403 shares during the period. Raymond James Financial Inc. acquired a new position in Ryder System during the fourth quarter worth $6,868,000. Barclays PLC raised its position in Ryder System by 39.4% during the fourth quarter. Barclays PLC now owns 40,105 shares of the transportation company's stock worth $6,292,000 after acquiring an additional 11,325 shares during the period. Guggenheim Capital LLC raised its position in Ryder System by 30.8% during the fourth quarter. Guggenheim Capital LLC now owns 10,153 shares of the transportation company's stock worth $1,593,000 after acquiring an additional 2,393 shares during the period. Finally, NewEdge Advisors LLC raised its position in Ryder System by 6.2% during the fourth quarter. NewEdge Advisors LLC now owns 23,064 shares of the transportation company's stock worth $3,618,000 after acquiring an additional 1,341 shares during the period. Institutional investors and hedge funds own 87.47% of the company's stock.

Ryder System Trading Up 4.9%

Shares of R stock traded up $8.9230 during trading hours on Friday, hitting $189.3430. The company had a trading volume of 109,048 shares, compared to its average volume of 373,391. The company's fifty day moving average is $170.42 and its 200 day moving average is $156.11. 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 fifty-two week low of $125.54 and a fifty-two week high of $188.85. The stock has a market capitalization of $7.72 billion, a PE ratio of 16.03 and a beta of 1.00.

Ryder System (NYSE:R - Get Free Report) last released its earnings results 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 company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.17 billion. Ryder System had a return on equity of 17.83% and a net margin of 3.99%.Ryder System'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. Research analysts expect that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Increases Dividend

The business also recently disclosed 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 is Monday, August 18th. This is an increase 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 other news, Director E Follin Smith sold 5,523 shares of the stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $177.66, for a total value of $981,216.18. Following the sale, the director directly owned 33,779 shares in the company, valued at approximately $6,001,177.14. This trade represents a 14.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas M. Havens sold 6,500 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $181.77, for a total value of $1,181,505.00. Following the completion of the sale, the insider owned 32,478 shares in the company, valued at approximately $5,903,526.06. The trade was a 16.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,586 shares of company stock valued at $6,459,868 in the last three months. 5.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Baird R W upgraded shares of Ryder System to a "strong-buy" rating in a research report on Tuesday, July 1st. Robert W. Baird lifted their price target on Ryder System from $186.00 to $192.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. Morgan Stanley lifted their price target on Ryder System from $175.00 to $190.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Susquehanna initiated coverage on Ryder System in a research note on Tuesday, July 15th. They issued a "positive" rating and a $215.00 price target on the stock. Finally, JPMorgan Chase & Co. lifted their price target on Ryder System from $165.00 to $173.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Ryder System presently has a consensus rating of "Moderate Buy" and a consensus price target of $186.50.

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.