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 reduced its stake in Ryder System, Inc. (NYSE:R - Free Report) by 1.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 SEC filing.

Several other institutional investors have also added to or reduced their stakes in R. Raymond James Financial Inc. bought a new stake in Ryder System in the 4th quarter valued at $6,868,000. Barclays PLC increased its stake in Ryder System by 39.4% in the 4th quarter. Barclays PLC now owns 40,105 shares of the transportation company's stock valued at $6,292,000 after buying an additional 11,325 shares during the last quarter. Guggenheim Capital LLC increased its stake in Ryder System by 30.8% in the 4th quarter. Guggenheim Capital LLC now owns 10,153 shares of the transportation company's stock valued at $1,593,000 after buying an additional 2,393 shares during the last quarter. NewEdge Advisors LLC increased its stake in Ryder System by 6.2% in the 4th quarter. NewEdge Advisors LLC now owns 23,064 shares of the transportation company's stock valued at $3,618,000 after buying an additional 1,341 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its stake in Ryder System by 3.2% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 34,402 shares of the transportation company's stock valued at $5,393,000 after buying an additional 1,076 shares during the last quarter. 87.47% of the stock is owned by institutional investors.

Ryder System Stock Up 3.4%

NYSE:R traded up $6.21 during trading hours on Friday, reaching $186.63. The company had a trading volume of 329,257 shares, compared to its average volume of 324,425. Ryder System, Inc. has a twelve month low of $125.54 and a twelve month high of $189.35. The firm has a market cap of $7.61 billion, a price-to-earnings ratio of 15.87 and a beta of 1.00. The business's 50-day simple moving average is $171.21 and its two-hundred day simple moving average is $156.30. 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 (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 analysts' consensus estimates of $3.11 by $0.21. Ryder System had a net margin of 3.99% and a return on equity of 17.83%. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same period last year, the firm earned $3.00 earnings per share. The business'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. On average, equities analysts expect that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Increases Dividend

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

Wall Street Analyst Weigh In

R has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Ryder System from $165.00 to $173.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Susquehanna assumed coverage on shares of Ryder System in a research note on Tuesday, July 15th. They set a "positive" rating and a $215.00 price objective on the stock. Morgan Stanley boosted their price objective 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. Wolfe Research upgraded shares of Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 price objective on the stock in a research note on Tuesday, July 1st. Finally, Robert W. Baird lifted their target price on shares of 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 assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, Ryder System currently has an average rating of "Moderate Buy" and a consensus price target of $186.50.

Insider Buying and Selling at Ryder System

In related news, Director E Follin Smith sold 5,523 shares of the business's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $177.66, for a total transaction of $981,216.18. Following the transaction, the director directly owned 33,779 shares in the company, valued at approximately $6,001,177.14. The trade was a 14.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert E. Sanchez sold 22,063 shares of the business's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $182.49, for a total transaction of $4,026,276.87. Following the transaction, the chief executive officer owned 62,887 shares in the company, valued at approximately $11,476,248.63. This trade represents a 25.97% decrease in their ownership of the stock. 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 over the last ninety days. 5.20% of the stock is currently owned by corporate 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.