Kovitz Investment Group Partners LLC Boosts Holdings in Ryder System, Inc. $R

Key Points

• Kovitz Investment Group Partners LLC has increased its stake in Ryder System, Inc. by 27.2% in the first quarter, now holding a total of 10,686 shares worth approximately $1.54 million.
• The company recently announced its earnings, reporting an EPS of $3.32 for the quarter, surpassing estimates, with revenues of $3.19 billion.
• Ryder System declared a quarterly dividend of $0.91 to be paid to stockholders on September 19, representing an increase from the previous dividend of $0.81.

Kovitz Investment Group Partners LLC raised its holdings in shares of Ryder System, Inc. (NYSE:R - Free Report) by 27.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,686 shares of the transportation company's stock after buying an additional 2,286 shares during the period. Kovitz Investment Group Partners LLC's holdings in Ryder System were worth $1,537,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Earnest Partners LLC boosted its position in shares of Ryder System by 2.4% during the fourth quarter. Earnest Partners LLC now owns 1,905,223 shares of the transportation company's stock valued at $298,853,000 after buying an additional 45,393 shares during the period. LSV Asset Management boosted its position in shares of Ryder System by 0.3% during the first quarter. LSV Asset Management now owns 1,456,453 shares of the transportation company's stock valued at $209,453,000 after buying an additional 4,912 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Ryder System by 5.5% during the first quarter. Bank of New York Mellon Corp now owns 527,906 shares of the transportation company's stock valued at $75,918,000 after buying an additional 27,632 shares during the period. Northern Trust Corp boosted its position in shares of Ryder System by 28.1% during the fourth quarter. Northern Trust Corp now owns 447,890 shares of the transportation company's stock valued at $70,256,000 after buying an additional 98,196 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its position in shares of Ryder System by 2.0% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 434,271 shares of the transportation company's stock valued at $68,120,000 after buying an additional 8,657 shares during the period. Hedge funds and other institutional investors own 87.47% of the company's stock.

Analyst Upgrades and Downgrades

R has been the subject of several recent analyst reports. Stephens boosted their target price on Ryder System from $150.00 to $190.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 29th. JPMorgan Chase & Co. lifted their price target on shares of Ryder System from $165.00 to $173.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Robert W. Baird lifted their price target on shares of Ryder System from $186.00 to $192.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Susquehanna initiated coverage on shares of Ryder System in a research note on Tuesday, July 15th. They set a "positive" rating and a $215.00 price target for the company. Finally, Barclays initiated coverage on shares of Ryder System in a research note on Monday, June 9th. They set an "overweight" rating and a $190.00 price target for the company. 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $186.50.

Ryder System Stock Up 3.4%

NYSE:R traded up $6.21 during trading hours on Friday, reaching $186.63. The company's stock had a trading volume of 329,257 shares, compared to its average volume of 324,425. The company has a market capitalization of $7.61 billion, a P/E ratio of 15.87 and a beta of 1.00. Ryder System, Inc. has a 12 month low of $125.54 and a 12 month high of $189.35. 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 stock has a 50 day moving average price of $171.21 and a two-hundred day moving average price of $156.30.

Ryder System (NYSE:R - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The transportation company reported $3.32 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 3.99% and a return on equity of 17.83%. Ryder System's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.00 earnings per share. Ryder System has set its Q3 2025 guidance at 3.450-3.650 EPS. FY 2025 guidance at 12.850-13.300 EPS. Equities analysts predict that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Monday, August 18th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Monday, August 18th. This is a boost 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 payout ratio is currently 30.95%.

Insiders Place Their Bets

In other news, CFO Cristina Gallo-Aquino sold 1,000 shares of the business's stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $180.87, for a total transaction of $180,870.00. Following the sale, the chief financial officer directly owned 26,561 shares of the company's stock, valued at $4,804,088.07. The trade was a 3.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director E Follin Smith sold 5,523 shares of the business's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $177.66, for a total transaction of $981,216.18. Following the sale, the director directly owned 33,779 shares in the company, valued at $6,001,177.14. This trade represents a 14.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,586 shares of company stock valued at $6,459,868. Company 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.