United Services Automobile Association Invests $396,000 in Ryder System, Inc. $R

Key Points

• United Services Automobile Association recently made a significant investment by acquiring 2,821 shares of Ryder System, Inc., valued at approximately $396,000, indicating confidence in the company's potential growth.
• In its latest quarterly earnings report, Ryder System reported an EPS of $3.32, exceeding analysts' expectations and showing a slight increase in revenue compared to the previous year.
• The company announced an increase in its quarterly dividend to $0.91 per share, reflecting a commitment to return value to shareholders with an annualized yield of 1.9%.

United Services Automobile Association bought a new position in shares of Ryder System, Inc. (NYSE:R - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,821 shares of the transportation company's stock, valued at approximately $396,000.

Several other hedge funds and other institutional investors have also modified their holdings of R. Ameriprise Financial Inc. lifted its position in shares of Ryder System by 98.8% during the 4th quarter. Ameriprise Financial Inc. now owns 140,758 shares of the transportation company's stock worth $22,079,000 after buying an additional 69,937 shares during the period. Cetera Investment Advisers raised its position in Ryder System by 1.0% in the 4th quarter. Cetera Investment Advisers now owns 21,218 shares of the transportation company's stock valued at $3,328,000 after purchasing an additional 219 shares during the last quarter. Deutsche Bank AG raised its position in Ryder System by 1.6% in the 4th quarter. Deutsche Bank AG now owns 4,136 shares of the transportation company's stock valued at $649,000 after purchasing an additional 65 shares during the last quarter. Ensign Peak Advisors Inc raised its position in Ryder System by 18.3% in the 4th quarter. Ensign Peak Advisors Inc now owns 16,768 shares of the transportation company's stock valued at $2,630,000 after purchasing an additional 2,595 shares during the last quarter. Finally, Focus Partners Wealth bought a new position in Ryder System in the 4th quarter valued at $269,000. Institutional investors own 87.47% of the company's stock.

Ryder System Trading Down 0.4%

NYSE:R traded down $0.70 on Wednesday, reaching $187.69. The company's stock had a trading volume of 22,295 shares, compared to its average volume of 362,259. Ryder System, Inc. has a 1-year low of $125.54 and a 1-year high of $191.00. 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 firm has a market cap of $7.66 billion, a PE ratio of 15.99 and a beta of 0.99. The business's 50-day moving average price is $180.43 and its two-hundred day moving average price is $159.21.

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 (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 firm had revenue of $3.19 billion during the quarter, compared to analysts' expectations of $3.17 billion. During the same period in the previous year, the firm earned $3.00 earnings per share. The company's revenue was up .2% on a year-over-year basis. Ryder System has set its Q3 2025 guidance at 3.450-3.650 EPS. FY 2025 guidance at 12.850-13.300 EPS. Equities research analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share 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. Shareholders of record on Monday, August 18th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Monday, August 18th. This is a positive change from Ryder System's previous quarterly dividend of $0.81. This represents a $3.64 dividend on an annualized basis and a yield of 1.9%. Ryder System's payout ratio is presently 30.95%.

Analyst Ratings Changes

Several brokerages have issued reports on R. Stephens lifted their price objective on Ryder System from $150.00 to $190.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 29th. Morgan Stanley lifted their price objective on Ryder System from $175.00 to $190.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. JPMorgan Chase & Co. lifted their price objective on Ryder System from $165.00 to $173.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Baird R W upgraded Ryder System to a "strong-buy" rating in a research report on Tuesday, July 1st. Finally, Robert W. Baird boosted their target price on Ryder System from $186.00 to $192.00 and gave the stock an "outperform" rating in a research 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 given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $186.50.

Insider Activity at Ryder System

In other news, insider Thomas M. Havens sold 6,500 shares of the company'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 directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Cristina Gallo-Aquino sold 1,000 shares of the company's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $180.87, for a total value of $180,870.00. Following the transaction, the chief financial officer directly owned 26,561 shares of the company's stock, valued at $4,804,088.07. This represents a 3.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,618 shares of company stock valued at $7,587,997 over the last ninety days. 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.