Kovitz Investment Group Partners LLC Increases Stock 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 the company in its most recent disclosure with the Securities & Exchange Commission. 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.

Other institutional investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Ryder System in the first quarter worth $26,000. TCTC Holdings LLC increased its position in shares of Ryder System by 116.5% in the first quarter. TCTC Holdings LLC now owns 223 shares of the transportation company's stock valued at $32,000 after acquiring an additional 120 shares during the period. Kapitalo Investimentos Ltda purchased a new position in shares of Ryder System in the fourth quarter valued at about $59,000. Curat Global LLC bought a new position in shares of Ryder System during the first quarter valued at about $55,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Ryder System during the first quarter worth about $86,000. Hedge funds and other institutional investors own 87.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on R shares. Morgan Stanley lifted their price objective 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 started coverage on shares of Ryder System in a research report on Monday, June 9th. They set an "overweight" rating and a $190.00 price target on the stock. JPMorgan Chase & Co. raised their price objective on shares of Ryder System from $165.00 to $173.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Baird R W upgraded Ryder System to a "strong-buy" rating in a report on Tuesday, July 1st. Finally, Wolfe Research raised Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 target price for the company in a research report on Tuesday, July 1st. 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's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $186.50.

Ryder System Price Performance

R stock traded up $6.21 during mid-day trading on Friday, hitting $186.63. The company had a trading volume of 329,257 shares, compared to its average volume of 315,361. The company has a market capitalization of $7.61 billion, a price-to-earnings ratio of 15.87 and a beta of 1.00. The company has a 50-day moving average price of $171.21 and a 200 day moving average price of $156.28. 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 12-month low of $125.54 and a 12-month high of $189.35.

Ryder System (NYSE:R - Get Free Report) last announced its quarterly earnings results 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 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 analyst estimates of $3.17 billion. During the same period in the prior year, the company earned $3.00 earnings per share. The firm's 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, research analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Increases Dividend

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

Insider Activity

In other news, CEO Robert E. Sanchez sold 22,063 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $182.49, for a total value of $4,026,276.87. Following the sale, the chief executive officer directly owned 62,887 shares in the company, valued at approximately $11,476,248.63. This represents a 25.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Cristina Gallo-Aquino sold 1,000 shares of the stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $180.87, for a total value of $180,870.00. Following the completion of the transaction, the chief financial officer directly owned 26,561 shares in the company, valued at approximately $4,804,088.07. This trade represents a 3.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,586 shares of company stock valued at $6,459,868 in the last quarter. 5.20% of the stock is currently owned by company insiders.

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.