Voya Investment Management LLC Acquires 10,957 Shares of Ryder System, Inc. $R

Key Points

• Voya Investment Management LLC increased its holdings in Ryder System, Inc. by 34.4%, owning approximately $6.15 million worth of shares after purchasing an additional 10,957 shares in the 1st quarter.
• Ryder System reported a quarterly EPS of $3.32, exceeding analyst estimates by $0.21, and announced a dividend increase from $0.81 to $0.91 per share.
• A number of analysts have recently set new price targets for Ryder System, with recommendations ranging from "buy" to "overweight," and an average price target of $186.50.

Voya Investment Management LLC lifted its holdings in shares of Ryder System, Inc. (NYSE:R - Free Report) by 34.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 42,782 shares of the transportation company's stock after purchasing an additional 10,957 shares during the period. Voya Investment Management LLC owned 0.10% of Ryder System worth $6,152,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Strs Ohio bought a new stake in shares of Ryder System during the first quarter worth $2,479,000. Geneos Wealth Management Inc. boosted its holdings in Ryder System by 61.2% in 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 during the last quarter. Focus Partners Wealth boosted its holdings in Ryder System by 7.9% in 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 during the last quarter. United Services Automobile Association bought a new position in Ryder System in the first quarter valued at about $396,000. Finally, Meiji Yasuda Asset Management Co Ltd. bought a new position in Ryder System in the first quarter valued at about $4,721,000. Institutional investors own 87.47% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on R. Susquehanna began coverage on Ryder System in a research note on Tuesday, July 15th. They issued a "positive" rating and a $215.00 target price on the stock. Morgan Stanley increased their target price on Ryder System from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Barclays began coverage on Ryder System in a research note on Monday, June 9th. They issued an "overweight" rating and a $190.00 target price on the stock. Baird R W raised Ryder System to a "strong-buy" rating in a research note on Tuesday, July 1st. Finally, Wolfe Research raised Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 target price on the stock in a research note on Tuesday, July 1st. One 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 company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $186.50.

Ryder System Price Performance

R stock traded down $1.98 during midday trading on Friday, reaching $183.65. 700,934 shares of the stock were exchanged, compared to its average volume of 365,672. The stock has a market capitalization of $7.49 billion, a PE ratio of 15.62 and a beta of 0.99. Ryder System, Inc. has a 52 week low of $125.54 and a 52 week high of $191.00. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.82 and a quick ratio of 0.82. The company has a fifty day moving average price of $180.90 and a 200 day moving average price of $159.57.

Ryder System (NYSE:R - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.17 billion. Ryder System had a return on equity of 17.83% and a net margin of 3.99%.Ryder System's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.00 EPS. Ryder System has set its Q3 2025 guidance at 3.450-3.650 EPS. FY 2025 guidance at 12.850-13.300 EPS. As a group, analysts expect that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders 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 annualized dividend and a dividend yield of 2.0%. Ryder System's payout ratio is currently 30.95%.

Insider Buying and Selling

In other news, CFO Cristina Gallo-Aquino sold 1,000 shares of the 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 completion of the sale, the chief financial officer owned 26,561 shares of the company's stock, valued at approximately $4,804,088.07. This represents a 3.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director E Follin Smith sold 5,523 shares of the firm's stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $177.66, for a total value of $981,216.18. Following the sale, the director directly owned 33,779 shares of the company's stock, valued at $6,001,177.14. This represents a 14.05% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,618 shares of company stock valued at $7,587,997. Corporate 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.