HG Vora Capital Management LLC Sells 390,000 Shares of Ryder System, Inc. $R

Key Points

• HG Vora Capital Management LLC has reduced its stake in Ryder System, Inc. by 32.5%, selling 390,000 shares and now holding 810,000 shares, representing about 11.9% of its portfolio.
• Ryder System recently announced a quarterly dividend increase to $0.91 per share, up from the previous $0.81, with a dividend yield of 2.0%.
• Analysts have upgraded Ryder System's stock, with a current consensus rating of "Moderate Buy" and a target price averaging $186.50.

HG Vora Capital Management LLC trimmed its stake in shares of Ryder System, Inc. (NYSE:R - Free Report) by 32.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 810,000 shares of the transportation company's stock after selling 390,000 shares during the period. Ryder System comprises about 11.9% of HG Vora Capital Management LLC's holdings, making the stock its 3rd biggest position. HG Vora Capital Management LLC owned about 1.96% of Ryder System worth $116,486,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Ryder System during the 1st quarter valued at approximately $26,000. TCTC Holdings LLC increased its stake in shares of 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 purchasing an additional 120 shares in the last quarter. Curat Global LLC purchased a new position in shares of Ryder System during the 1st quarter worth approximately $55,000. Quarry LP purchased a new position in shares of Ryder System during the 1st quarter worth approximately $60,000. Finally, Headlands Technologies LLC purchased a new stake in Ryder System in the 1st quarter worth approximately $86,000. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Ryder System

In related news, EVP Steve W. Martin sold 5,500 shares of Ryder System stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $186.98, for a total transaction of $1,028,390.00. Following the transaction, the executive vice president owned 24,235 shares in the company, valued at approximately $4,531,460.30. The trade was a 18.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Thomas M. Havens sold 6,500 shares of the business's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $181.77, for a total transaction of $1,181,505.00. Following the completion of the transaction, the insider owned 32,478 shares in the company, valued at $5,903,526.06. This represents a 16.68% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,618 shares of company stock worth $7,587,997. Corporate insiders own 5.20% of the company's stock.

Ryder System Stock Up 0.6%

Shares of NYSE:R traded up $1.07 during midday trading on Monday, hitting $188.29. 270,596 shares of the company's stock traded hands, compared to its average volume of 367,970. 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 company has a market cap of $7.68 billion, a PE ratio of 16.01 and a beta of 0.98. The firm's fifty day moving average price is $177.80 and its two-hundred day moving average price is $157.92. Ryder System, Inc. has a twelve month low of $125.54 and a twelve month high of $191.00.

Ryder System (NYSE:R - Get Free Report) last posted its earnings results 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 business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.17 billion. Ryder System had a net margin of 3.99% and a return on equity of 17.83%. The business's quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.00 EPS. 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, equities research analysts anticipate that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Monday, August 18th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, August 18th. This is a positive change from Ryder System's previous quarterly dividend of $0.81. Ryder System's dividend payout ratio (DPR) is presently 30.95%.

Wall Street Analysts Forecast Growth

Several research firms have commented on R. JPMorgan Chase & Co. lifted their target price on shares of Ryder System from $165.00 to $173.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. Morgan Stanley lifted their target price on shares of Ryder System from $175.00 to $190.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Susquehanna began coverage on shares of Ryder System in a research note on Tuesday, July 15th. They issued a "positive" rating and a $215.00 target price for the company. Baird R W raised shares of Ryder System to a "strong-buy" rating in a research note on Tuesday, July 1st. Finally, 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 report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, Ryder System currently has a consensus rating of "Moderate Buy" and a consensus price target of $186.50.

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.