VIRGINIA RETIREMENT SYSTEMS ET Al Buys New Shares in Ryder System, Inc. $R

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Ryder System, Inc. (NYSE:R - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,535 shares of the transportation company's stock, valued at approximately $2,629,000.

Several other institutional investors and hedge funds also recently made changes to their positions in R. TCTC Holdings LLC boosted its position 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. IFP Advisors Inc boosted its position in shares of Ryder System by 103.6% during the 2nd quarter. IFP Advisors Inc now owns 224 shares of the transportation company's stock valued at $36,000 after purchasing an additional 114 shares in the last quarter. Trust Co. of Toledo NA OH bought a new stake in shares of Ryder System during the 2nd quarter valued at about $37,000. Geneos Wealth Management Inc. boosted its position in shares of Ryder System by 61.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company's stock valued at $41,000 after purchasing an additional 109 shares in the last quarter. Finally, Harbor Asset Planning Inc. bought a new stake in shares of Ryder System during the 2nd quarter valued at about $59,000. Institutional investors own 87.47% of the company's stock.

Ryder System Price Performance

Shares of NYSE R opened at $184.96 on Wednesday. The firm's 50-day moving average price is $185.44 and its 200-day moving average price is $166.23. Ryder System, Inc. has a 1-year low of $125.54 and a 1-year high of $195.48. The firm has a market capitalization of $7.54 billion, a P/E ratio of 15.73 and a beta of 1.00. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.27.

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 for the quarter, topping 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 company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same quarter in the prior year, the business posted $3.00 EPS. The firm's 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. Equities research analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Monday, November 17th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Monday, November 17th. Ryder System's dividend payout ratio is currently 30.95%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on R shares. 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. Weiss Ratings reiterated a "buy (b)" rating on shares of Ryder System in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Ryder System from a "hold" rating to a "buy" rating in a report on Friday, October 3rd. Susquehanna started coverage on shares of Ryder System in a report on Tuesday, July 15th. They set a "positive" rating and a $215.00 price objective on the stock. Finally, Robert W. Baird upped their price objective on shares of Ryder System from $186.00 to $192.00 and gave the company an "outperform" rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $193.22.

Insider Buying and Selling

In related news, SVP Sanford J. Hodes sold 532 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $187.48, for a total value of $99,739.36. Following the sale, the senior vice president owned 24,452 shares in the company, valued at $4,584,260.96. This represents a 2.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Steve W. Martin sold 5,500 shares of the company's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $186.98, for a total transaction of $1,028,390.00. Following the completion of the sale, the executive vice president owned 24,235 shares in the company, valued at $4,531,460.30. This represents a 18.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,618 shares of company stock worth $7,587,997 over the last ninety days. Insiders own 5.20% of the company's stock.

About Ryder System

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.

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