United Services Automobile Association Purchases Shares of 2,821 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 purchased a new stake in shares of Ryder System, Inc. (NYSE:R - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,821 shares of the transportation company's stock, valued at approximately $396,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Ryder System during the 1st quarter valued at $26,000. TCTC Holdings LLC raised its holdings 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 valued at $32,000 after purchasing an additional 120 shares in the last quarter. Curat Global LLC bought a new position in shares of Ryder System during the 1st quarter valued at $55,000. Quarry LP bought a new position in shares of Ryder System during the 1st quarter valued at $60,000. Finally, Headlands Technologies LLC bought a new position in shares of Ryder System during the 1st quarter valued at $86,000. Institutional investors own 87.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Susquehanna assumed 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 on the stock. JPMorgan Chase & Co. raised their target price 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. Stephens raised their target price on shares of Ryder System from $150.00 to $190.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Robert W. Baird raised their target price on shares of Ryder System from $186.00 to $192.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Finally, Wolfe Research upgraded shares of Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 price target on the stock in a research report on Tuesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Ryder System presently has a consensus rating of "Moderate Buy" and an average price target of $186.50.

Insider Buying and Selling at Ryder System

In other news, insider Thomas M. Havens sold 6,500 shares of Ryder System stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $181.77, for a total transaction of $1,181,505.00. Following the sale, the insider directly owned 32,478 shares in the company, valued at approximately $5,903,526.06. The trade was a 16.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Sanford J. Hodes sold 532 shares of Ryder System stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $187.48, for a total transaction of $99,739.36. Following the sale, the senior vice president owned 24,452 shares in the company, valued at approximately $4,584,260.96. This trade represents a 2.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,618 shares of company stock worth $7,587,997 in the last 90 days. 5.20% of the stock is currently owned by insiders.

Ryder System Stock Performance

NYSE R traded down $2.05 during midday trading on Friday, hitting $187.52. The company had a trading volume of 409,815 shares, compared to its average volume of 250,311. 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 stock has a market cap of $7.65 billion, a price-to-earnings ratio of 15.95 and a beta of 0.98. The firm has a fifty day simple moving average of $179.70 and a two-hundred day simple moving average of $158.84. Ryder System, Inc. has a fifty-two week low of $125.54 and a fifty-two week high of $191.00.

Ryder System (NYSE:R - Get Free Report) last issued 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. Ryder System had a net margin of 3.99% and a return on equity of 17.83%. The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same period in the previous year, the business earned $3.00 EPS. The firm'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 analysts forecast 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. Stockholders of record on Monday, August 18th will be given a dividend of $0.91 per share. This is an increase from Ryder System's previous quarterly dividend of $0.81. The ex-dividend date is Monday, August 18th. This represents a $3.64 annualized dividend and a dividend yield of 1.9%. Ryder System's dividend payout ratio (DPR) is presently 30.95%.

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.