Wellington Management Group LLP Increases Stock Position in Ryder System, Inc. $R

Key Points

• Wellington Management Group LLP increased its stake in Ryder System, Inc. by 16.2%, acquiring a total of 2,984,836 shares worth approximately $429.25 million.
• Insiders have significantly reduced their positions, with CFO Cristina Gallo-Aquino and CEO Robert E. Sanchez selling shares, indicating a 3.63% and 25.97% decrease in their respective holdings.
• Ryder System announced a quarterly dividend increase to $0.91 per share, up from $0.81, representing a 2.0% yield and a 27.55% payout ratio.

Wellington Management Group LLP increased its stake in shares of Ryder System, Inc. (NYSE:R - Free Report) by 16.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,984,836 shares of the transportation company's stock after buying an additional 415,103 shares during the quarter. Wellington Management Group LLP owned about 7.22% of Ryder System worth $429,249,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Leigh Baldwin & CO. LLC purchased a new stake in shares of Ryder System during the fourth quarter valued at $40,475,000. State of Alaska Department of Revenue grew its holdings in shares of Ryder System by 2.2% during the first quarter. State of Alaska Department of Revenue now owns 4,928 shares of the transportation company's stock valued at $708,000 after buying an additional 105 shares during the last quarter. DAVENPORT & Co LLC purchased a new stake in shares of Ryder System during the first quarter valued at $557,000. GAMMA Investing LLC grew its holdings in shares of Ryder System by 41.8% during the first quarter. GAMMA Investing LLC now owns 1,278 shares of the transportation company's stock valued at $184,000 after buying an additional 377 shares during the last quarter. Finally, Gotham Asset Management LLC grew its holdings in shares of Ryder System by 10.3% during the fourth quarter. Gotham Asset Management LLC now owns 73,785 shares of the transportation company's stock valued at $11,574,000 after buying an additional 6,908 shares during the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.

Ryder System Stock Up 3.4%

Shares of R traded up $6.21 during mid-day trading on Friday, hitting $186.63. 329,257 shares of the company's stock were exchanged, compared to its average volume of 315,361. The stock's 50-day moving average is $171.21 and its 200-day moving average is $156.28. The company has a market cap of $7.61 billion, a price-to-earnings ratio of 15.87 and a beta of 1.00. Ryder System, Inc. has a fifty-two week low of $125.54 and a fifty-two week high of $189.35. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.82 and a current ratio of 0.82.

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. The firm had revenue of $3.19 billion for the quarter, compared to analysts' expectations of $3.17 billion. Ryder System had a net margin of 3.99% and a return on equity of 17.83%. The firm's revenue was up .2% compared to the same quarter last year. During the same quarter last year, the company 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, sell-side analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Monday, August 18th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.0%. This is a positive change from Ryder System's previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Monday, August 18th. Ryder System's dividend payout ratio is 30.95%.

Insider Activity

In related news, CFO Cristina Gallo-Aquino sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $180.87, for a total value of $180,870.00. Following the sale, the chief financial officer owned 26,561 shares of the company's stock, valued at $4,804,088.07. This trade represents a 3.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert E. Sanchez sold 22,063 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $182.49, for a total transaction of $4,026,276.87. Following the completion of the sale, the chief executive officer directly owned 62,887 shares in the company, valued at approximately $11,476,248.63. This trade represents a 25.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,586 shares of company stock worth $6,459,868 in the last ninety days. 5.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on R. Stephens boosted their price objective on shares of Ryder System from $150.00 to $190.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. Baird R W upgraded shares of Ryder System to a "strong-buy" rating in a research note on Tuesday, July 1st. Susquehanna began coverage on shares of Ryder System in a research note on Tuesday, July 15th. They set a "positive" rating and a $215.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective 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. Finally, Barclays began coverage on shares of Ryder System in a research note on Monday, June 9th. They set an "overweight" rating and a $190.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $186.50.

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.