Corebridge Financial Inc. Sells 1,366 Shares of Ryder System, Inc. $R

Key Points

• Corebridge Financial Inc. has reduced its stake in Ryder System, Inc. by 2.9%, now owning approximately 46,481 shares worth $6.68 million.
• Ryder System's quarterly earnings surpassed analyst expectations with earnings per share of $3.32, beating the consensus estimate of $3.11.
• The company has increased its quarterly dividend to $0.91 per share, marking a 12.35% raise from the previous dividend of $0.81.

Corebridge Financial Inc. cut its stake in Ryder System, Inc. (NYSE:R - Free Report) by 2.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,481 shares of the transportation company's stock after selling 1,366 shares during the period. Corebridge Financial Inc. owned about 0.11% of Ryder System worth $6,684,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of R. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Ryder System during the 1st quarter worth about $26,000. TCTC Holdings LLC increased its position in Ryder System by 116.5% in the 1st 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. Curat Global LLC acquired a new position in Ryder System in the 1st quarter valued at about $55,000. Headlands Technologies LLC acquired a new position in Ryder System in the 1st quarter valued at about $86,000. Finally, Group One Trading LLC increased its position in Ryder System by 553.0% in the 4th quarter. Group One Trading LLC now owns 653 shares of the transportation company's stock valued at $102,000 after acquiring an additional 553 shares during the period. 87.47% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ryder System

In other Ryder System news, SVP Sanford J. Hodes sold 532 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $187.48, for a total transaction of $99,739.36. Following the sale, the senior vice president directly owned 24,452 shares of the company's stock, valued at $4,584,260.96. The trade was a 2.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director E Follin Smith sold 5,523 shares of the company's stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $177.66, for a total transaction of $981,216.18. Following the completion of the sale, the director owned 33,779 shares of the company's stock, valued at $6,001,177.14. This represents a 14.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,618 shares of company stock valued at $7,587,997 over the last three months. 5.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

R has been the topic of several recent research reports. Baird R W upgraded Ryder System to a "strong-buy" rating in a research report on Tuesday, July 1st. Morgan Stanley boosted their price target on Ryder System from $175.00 to $190.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Robert W. Baird boosted their price target on Ryder System from $186.00 to $192.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Wolfe Research upgraded Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 price target on the stock in a research report on Tuesday, July 1st. Finally, Barclays started coverage on Ryder System in a research report on Monday, June 9th. They set an "overweight" rating and a $190.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Ryder System presently has a consensus rating of "Moderate Buy" and an average target price of $186.50.

Ryder System Stock Down 1.0%

Ryder System stock traded down $1.79 during midday trading on Wednesday, hitting $185.08. The stock had a trading volume of 108,878 shares, compared to its average volume of 368,880. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.27. The business has a fifty day moving average price of $176.08 and a 200 day moving average price of $157.58. Ryder System, Inc. has a 12 month low of $125.54 and a 12 month high of $189.35. The stock has a market cap of $7.55 billion, a P/E ratio of 15.73 and a beta of 0.99.

Ryder System (NYSE:R - Get Free Report) last issued its 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 the consensus estimate of $3.17 billion. During the same period in the previous year, the firm posted $3.00 earnings per share. Ryder System's quarterly revenue was up .2% compared to the same quarter last year. 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 predict 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. Shareholders of record on Monday, August 18th will be given a $0.91 dividend. 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 payout ratio is currently 30.95%.

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.