LPL Financial LLC Has $2.76 Million Position in Ryder System, Inc. $R

Key Points

• LPL Financial LLC increased its stake in Ryder System, Inc. by 31.7% in the first quarter, holding a total of 19,168 shares valued at approximately $2.76 million.
• Analysts are optimistic about Ryder System's future, with recent upgrades raising target prices to as high as $215.00 and a consensus rating of "Moderate Buy".
• The company recently announced a quarterly dividend increase to $0.91 per share, reflecting a 2.0% yield and a payout ratio of 27.55%.

LPL Financial LLC lifted its stake in shares of Ryder System, Inc. (NYSE:R - Free Report) by 31.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,168 shares of the transportation company's stock after purchasing an additional 4,616 shares during the quarter. LPL Financial LLC's holdings in Ryder System were worth $2,756,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of R. Leigh Baldwin & CO. LLC acquired a new stake in Ryder System in the 4th quarter valued at about $40,475,000. State of Alaska Department of Revenue lifted its holdings in Ryder System by 2.2% in the 1st quarter. State of Alaska Department of Revenue now owns 4,928 shares of the transportation company's stock valued at $708,000 after acquiring an additional 105 shares during the last quarter. DAVENPORT & Co LLC acquired a new stake in Ryder System in the 1st quarter valued at about $557,000. GAMMA Investing LLC lifted its holdings in Ryder System by 41.8% in the 1st quarter. GAMMA Investing LLC now owns 1,278 shares of the transportation company's stock valued at $184,000 after acquiring an additional 377 shares during the last quarter. Finally, Gotham Asset Management LLC lifted its holdings in Ryder System by 10.3% in the 4th quarter. Gotham Asset Management LLC now owns 73,785 shares of the transportation company's stock valued at $11,574,000 after acquiring an additional 6,908 shares during the last quarter. 87.47% of the stock is currently owned by institutional investors.

Ryder System Stock Performance

Shares of R traded up $6.21 during mid-day trading on Friday, hitting $186.63. The company's stock had a trading volume of 329,257 shares, compared to its average volume of 324,425. Ryder System, Inc. has a one year low of $125.54 and a one year 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 firm has a market capitalization of $7.61 billion, a PE ratio of 15.87 and a beta of 1.00. The stock's 50-day moving average is $171.21 and its two-hundred day moving average is $156.30.

Ryder System (NYSE:R - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations 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 for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the business earned $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. As a group, sell-side analysts anticipate 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 $0.91 dividend. The ex-dividend date is Monday, August 18th. This is a positive change 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 dividend payout ratio is currently 30.95%.

Analyst Ratings Changes

R has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on shares of Ryder System from $165.00 to $173.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Barclays initiated coverage on shares of Ryder System in a report on Monday, June 9th. They issued an "overweight" rating and a $190.00 price target for the company. Morgan Stanley upped their price target on shares of Ryder System from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Susquehanna began coverage on shares of Ryder System in a report on Tuesday, July 15th. They issued a "positive" rating and a $215.00 price target for the company. Finally, Robert W. Baird boosted their price objective on Ryder System from $186.00 to $192.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $186.50.

Insider Transactions at Ryder System

In related news, insider Thomas M. Havens sold 6,500 shares of the company's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $181.77, for a total value of $1,181,505.00. Following the completion of the transaction, the insider directly owned 32,478 shares in the company, valued at approximately $5,903,526.06. This represents a 16.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director E Follin Smith sold 5,523 shares of Ryder System stock in a transaction that occurred on Thursday, July 31st. The shares were 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 $6,001,177.14. The trade was a 14.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,586 shares of company stock valued at $6,459,868. Company insiders own 5.20% of the company's stock.

About Ryder System

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.