Swiss National Bank Has $11.78 Million Holdings in Ryder System, Inc. $R

Key Points

• The Swiss National Bank decreased its stake in Ryder System by 3.8%, owning 81,938 shares valued at approximately $11.78 million after selling 3,200 shares.
• Analysts have been bullish on Ryder System, with multiple firms increasing their price targets, notably Morgan Stanley raising it from $175.00 to $190.00, and the stock receiving an "overweight" rating from Barclays.
• Ryder System has increased its quarterly dividend from $0.81 to $0.91 per share, representing a yield of 2.0% and a payout ratio of 27.55%.

Swiss National Bank reduced its holdings in Ryder System, Inc. (NYSE:R - Free Report) by 3.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,938 shares of the transportation company's stock after selling 3,200 shares during the quarter. Swiss National Bank owned approximately 0.20% of Ryder System worth $11,784,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Ryder System in the 1st quarter worth approximately $26,000. TCTC Holdings LLC lifted its holdings in Ryder System by 116.5% during the 1st quarter. TCTC Holdings LLC now owns 223 shares of the transportation company's stock worth $32,000 after buying an additional 120 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new position in Ryder System during the 4th quarter worth $59,000. Curat Global LLC acquired a new position in Ryder System during the 1st quarter worth $55,000. Finally, Headlands Technologies LLC acquired a new position in Ryder System during the 1st quarter worth $86,000. 87.47% of the stock is owned by institutional investors and hedge funds.

Ryder System Trading Up 1.6%

Shares of R traded up $2.93 during trading hours on Tuesday, reaching $181.82. The stock had a trading volume of 63,325 shares, compared to its average volume of 375,626. 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, Inc. has a 52 week low of $125.54 and a 52 week high of $184.76. The firm has a 50-day moving average of $168.68 and a 200 day moving average of $155.60. The company has a market cap of $7.42 billion, a P/E ratio of 15.46 and a beta of 1.00.

Ryder System (NYSE:R - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The transportation company reported $3.32 EPS for the quarter, beating analysts' consensus estimates of $3.11 by $0.21. Ryder System had a net margin of 3.99% and a return on equity of 17.83%. The business 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 company earned $3.00 EPS. The firm's quarterly revenue was up .2% on a year-over-year basis. 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, sell-side analysts expect that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Monday, August 18th will be given a $0.91 dividend. The ex-dividend date is Monday, August 18th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.0%. This is an increase from Ryder System's previous quarterly dividend of $0.81. Ryder System's dividend payout ratio is currently 27.55%.

Wall Street Analysts Forecast Growth

R has been the topic of several research reports. Morgan Stanley upped their price objective on Ryder System from $175.00 to $190.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Wolfe Research raised 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. Baird R W raised Ryder System to a "strong-buy" rating in a report on Tuesday, July 1st. JPMorgan Chase & Co. upped their price objective on Ryder System from $165.00 to $173.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Finally, Barclays initiated coverage on shares of Ryder System in a research report on Monday, June 9th. They set an "overweight" rating and a $190.00 target price for the company. One equities 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 company's stock. According to MarketBeat, Ryder System has an average rating of "Moderate Buy" and an average target price of $186.50.

Insider Activity

In related news, CEO Robert E. Sanchez sold 22,063 shares of the company's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $182.49, for a total value of $4,026,276.87. Following the completion of the sale, the chief executive officer owned 62,887 shares in the company, valued at $11,476,248.63. This represents a 25.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director E Follin Smith sold 5,523 shares of the stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $177.66, for a total value of $981,216.18. Following the transaction, the director owned 33,779 shares of the company's stock, valued at approximately $6,001,177.14. This trade represents a 14.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,586 shares of company stock worth $6,459,868 in the last 90 days. Corporate insiders own 5.20% of the company's stock.

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.