Ryder System, Inc. $R Shares Purchased by Voya Investment Management LLC

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 grew its holdings in Ryder System, Inc. (NYSE:R - Free Report) by 34.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 about 0.10% of Ryder System worth $6,152,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Ryder System in the first quarter worth $26,000. TCTC Holdings LLC increased its stake in shares of Ryder System by 116.5% during the first quarter. TCTC Holdings LLC now owns 223 shares of the transportation company's stock valued at $32,000 after buying an additional 120 shares during the period. Geneos Wealth Management Inc. increased its stake 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 buying an additional 109 shares during the period. Curat Global LLC purchased a new position in shares of Ryder System during the first quarter valued at $55,000. Finally, Quarry LP purchased a new position in shares of Ryder System during the first quarter valued at $60,000. Hedge funds and other institutional investors own 87.47% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Barclays assumed coverage on Ryder System in a research note on Monday, June 9th. They set an "overweight" rating and a $190.00 price target on the stock. Wolfe Research raised Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 price objective on the stock in a research report on Tuesday, July 1st. Stephens raised 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. Robert W. Baird raised their price objective on Ryder System from $186.00 to $192.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Finally, JPMorgan Chase & Co. raised 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. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $186.50.

Insiders Place Their Bets

In other news, CFO Cristina Gallo-Aquino sold 1,000 shares of the business's stock in a transaction that occurred on 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 directly owned 26,561 shares in the company, valued at $4,804,088.07. The trade was a 3.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director E Follin Smith sold 5,523 shares of the business's stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $177.66, for a total value of $981,216.18. Following the completion of the sale, the director owned 33,779 shares of the company's stock, valued at $6,001,177.14. This trade represents a 14.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,618 shares of company stock valued at $7,587,997. 5.20% of the stock is owned by insiders.

Ryder System Stock Performance

R stock traded down $1.98 during trading on Friday, hitting $183.65. 700,934 shares of the company traded hands, compared to its average volume of 272,621. The stock's 50-day simple moving average is $181.04 and its 200 day simple moving average is $159.84. 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 market cap of $7.49 billion, a PE ratio of 15.62 and a beta of 0.98. Ryder System, Inc. has a 1 year low of $125.54 and a 1 year high of $191.00.

Ryder System (NYSE:R - Get Free Report) last announced its quarterly 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. The company had revenue of $3.19 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period last year, the business earned $3.00 earnings per share. Ryder System has set its Q3 2025 guidance at 3.450-3.650 EPS. FY 2025 guidance at 12.850-13.300 EPS. On average, equities analysts expect that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Monday, August 18th were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.0%. This is a boost from Ryder System's previous quarterly dividend of $0.81. The ex-dividend date was Monday, August 18th. Ryder System's dividend payout ratio (DPR) is presently 30.95%.

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.