Dimensional Fund Advisors LP Sells 32,679 Shares of Ryder System, Inc. $R

Key Points

• Dimensional Fund Advisors LP has reduced its stake in Ryder System by 1.9%, owning 1,666,721 shares worth approximately $239.67 million at the end of the reporting period.
• Ryder System has received several upgrades from analysts, with JPMorgan raising its price target to $173.00 and Barclays setting a target of $190.00.
• The company announced an increase in its quarterly dividend from $0.81 to $0.91, with a yield of 2.0%, reflecting a commitment to returning value to shareholders.

Dimensional Fund Advisors LP trimmed its position in shares of Ryder System, Inc. (NYSE:R - Free Report) by 1.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,666,721 shares of the transportation company's stock after selling 32,679 shares during the quarter. Dimensional Fund Advisors LP owned 4.03% of Ryder System worth $239,669,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Leigh Baldwin & CO. LLC purchased a new stake in shares of Ryder System during the fourth quarter valued at $40,475,000. State of Alaska Department of Revenue boosted its stake in shares of Ryder System by 2.2% during the first quarter. State of Alaska Department of Revenue now owns 4,928 shares of the transportation company's stock valued at $708,000 after purchasing an additional 105 shares during the period. DAVENPORT & Co LLC purchased a new stake in shares of Ryder System during the first quarter valued at $557,000. GAMMA Investing LLC boosted its stake in shares of Ryder System by 41.8% during the first quarter. GAMMA Investing LLC now owns 1,278 shares of the transportation company's stock valued at $184,000 after purchasing an additional 377 shares during the period. Finally, Gotham Asset Management LLC boosted its stake in shares of Ryder System by 10.3% during the fourth quarter. Gotham Asset Management LLC now owns 73,785 shares of the transportation company's stock valued at $11,574,000 after purchasing an additional 6,908 shares during the period. 87.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wolfe Research raised shares of Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 target price for the company in a research note on Tuesday, July 1st. Morgan Stanley boosted their target price on shares of Ryder System from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Stephens lifted their price objective on Ryder System from $150.00 to $190.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. Robert W. Baird lifted their price objective on Ryder System from $186.00 to $192.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Finally, Baird R W upgraded Ryder System to a "strong-buy" rating in a report on Tuesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $186.50.

Ryder System Stock Up 3.4%

Shares of R stock traded up $6.21 on Friday, hitting $186.63. The stock had a trading volume of 329,257 shares, compared to its average volume of 324,425. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 2.27. The business has a 50 day moving average price of $171.21 and a 200 day moving average price of $156.29. The company has a market cap of $7.61 billion, a PE ratio of 15.87 and a beta of 1.00. Ryder System, Inc. has a one year low of $125.54 and a one year high of $189.35.

Ryder System (NYSE:R - Get Free Report) last released 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 firm had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.17 billion. Ryder System had a return on equity of 17.83% and a net margin of 3.99%.The firm's quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company 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. Research analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal 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 issued a $0.91 dividend. 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 yield of 2.0%. The ex-dividend date is Monday, August 18th. Ryder System's dividend payout ratio is presently 30.95%.

Insider Activity

In other Ryder System news, CFO Cristina Gallo-Aquino sold 1,000 shares of the business's stock in a transaction dated Tuesday, July 29th. The shares were 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. The trade was a 3.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Thomas M. Havens sold 6,500 shares of the business's stock in a transaction dated 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 of the company's stock, valued at $5,903,526.06. This represents a 16.68% 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.

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.