Squarepoint Ops LLC Sells 20,177 Shares of Ryder System, Inc. $R

Key Points

• Squarepoint Ops LLC cut its Ryder System stake by 66.1% in the second quarter, selling 20,177 shares and retaining 10,331 shares valued at approximately $2.7 million. Institutional investors own 87.47% of the company.
• Ryder reported quarterly EPS of $3.73, beating estimates of $3.69, while revenue rose 5% year over year to $2.69 billion. The company also increased its quarterly dividend from $0.91 to $1.01 per share, implying a 1.7% yield.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $294.14, compared with the stock’s reported price of $243.67.

Squarepoint Ops LLC decreased its stake in shares of Ryder System, Inc. (NYSE:R - Free Report) by 66.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,331 shares of the transportation company's stock after selling 20,177 shares during the quarter. Squarepoint Ops LLC's holdings in Ryder System were worth $2,725,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Royal Bank of Canada grew its position in Ryder System by 52.8% during the 1st quarter. Royal Bank of Canada now owns 15,765 shares of the transportation company's stock valued at $2,267,000 after purchasing an additional 5,448 shares during the last quarter. Focus Partners Wealth increased its position in shares of Ryder System by 7.9% during the first quarter. Focus Partners Wealth now owns 1,851 shares of the transportation company's stock valued at $266,000 after acquiring an additional 135 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Ryder System by 61.2% during the first quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company's stock valued at $41,000 after acquiring an additional 109 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Ryder System by 10.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,191 shares of the transportation company's stock worth $189,000 after acquiring an additional 110 shares during the last quarter. Finally, M&T Bank Corp raised its holdings in Ryder System by 10.9% in the 2nd quarter. M&T Bank Corp now owns 2,153 shares of the transportation company's stock worth $343,000 after acquiring an additional 212 shares during the last quarter. 87.47% of the stock is owned by institutional investors.

Ryder System Trading Up 0.2%

NYSE:R opened at $243.67 on Monday. The company has a market cap of $9.34 billion, a PE ratio of 19.83 and a beta of 1.01. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.91. The company has a 50 day simple moving average of $258.51 and a two-hundred day simple moving average of $242.15. Ryder System, Inc. has a 12 month low of $157.67 and a 12 month high of $284.25.

Ryder System (NYSE:R - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The transportation company reported $3.73 earnings per share for the quarter, beating the consensus estimate of $3.69 by $0.04. The firm had revenue of $2.69 billion for the quarter, compared to analysts' expectations of $3.29 billion. Ryder System had a return on equity of 18.28% and a net margin of 3.88%.The company's revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.32 EPS. Ryder System has set its FY 2026 guidance at 14.400-14.800 EPS and its Q3 2026 guidance at 4.000-4.200 EPS. Research analysts forecast that Ryder System, Inc. will post 14.74 earnings per share for the current year.

Ryder System Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Monday, August 24th will be paid a dividend of $1.01 per share. The ex-dividend date is Monday, August 24th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.7%. This is an increase from Ryder System's previous quarterly dividend of $0.91. Ryder System's dividend payout ratio is presently 32.87%.

Analyst Upgrades and Downgrades

R has been the topic of several recent analyst reports. Wells Fargo & Company increased their target price on Ryder System from $290.00 to $300.00 and gave the company an "overweight" rating in a research note on Friday, July 24th. Citigroup boosted their price target on Ryder System from $280.00 to $283.00 and gave the stock a "neutral" rating in a research note on Friday, July 24th. Wall Street Zen downgraded Ryder System from a "strong-buy" rating to a "buy" rating in a report on Saturday. Stephens raised Ryder System to a "strong-buy" rating in a research report on Wednesday, July 8th. Finally, Susquehanna lifted their price objective on Ryder System from $290.00 to $310.00 and gave the stock a "positive" rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $294.14.

Ryder System Profile

Ryder System, Inc is a transportation and logistics company that provides fleet management, supply chain and dedicated transportation services. The company serves commercial customers across industries, helping them manage the movement, storage and delivery of goods through integrated transportation and logistics solutions.

Ryder's fleet management offerings include commercial truck leasing, rental, maintenance and related support services. It also sells used vehicles and provides technology designed to help customers monitor fleets, improve utilization and manage transportation operations.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.