Ryder System, Inc. (NYSE:R) Sees Large Decline in Short Interest

Key Points

• Ryder System, Inc. experienced a significant 33.1% drop in short interest in July, with a total of 890,300 shorted shares as of July 31st.
• The company reported earnings of $3.32 per share for the last quarter, exceeding expectations and demonstrating a year-over-year revenue increase of 0.2%.
• Ryder System has announced an increase in its quarterly dividend to $0.91, representing a 2.0% yield and a payout ratio of 27.55%.

Ryder System, Inc. (NYSE:R - Get Free Report) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 890,300 shares, adecreaseof33.1% from the July 15th total of 1,330,000 shares. Currently,2.3% of the shares of the stock are sold short. Based on an average trading volume of 361,900 shares, the short-interest ratio is presently 2.5 days. Based on an average trading volume of 361,900 shares, the short-interest ratio is presently 2.5 days. Currently,2.3% of the shares of the stock are sold short.

Analyst Ratings Changes

Several research firms recently commented on R. 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 target price for the company. JPMorgan Chase & Co. increased 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. 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 target price for the company. Morgan Stanley increased their target price on shares of Ryder System from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Finally, Stephens upped their price target on shares of Ryder System from $150.00 to $190.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Ryder System presently has a consensus rating of "Moderate Buy" and an average target price of $186.50.

Insider Activity at Ryder System

In related news, CEO Robert E. Sanchez sold 22,063 shares of the 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 of the company's stock, valued at $11,476,248.63. This represents a 25.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Cristina Gallo-Aquino sold 1,000 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $180.87, for a total transaction of $180,870.00. Following the sale, the chief financial officer directly 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 35,586 shares of company stock valued at $6,459,868. 5.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Ryder System during the 1st quarter worth $26,000. Hantz Financial Services Inc. increased its stake in shares of Ryder System by 770.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 174 shares of the transportation company's stock worth $28,000 after purchasing an additional 154 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Ryder System by 237.0% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 182 shares of the transportation company's stock worth $29,000 after purchasing an additional 128 shares during the last quarter. MAI Capital Management increased its stake in shares of Ryder System by 57.6% during the 2nd quarter. MAI Capital Management now owns 186 shares of the transportation company's stock worth $30,000 after purchasing an additional 68 shares during the last quarter. Finally, TCTC Holdings LLC increased its stake 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 worth $32,000 after purchasing an additional 120 shares during the last quarter. Institutional investors and hedge funds own 87.47% of the company's stock.

Ryder System Trading Up 3.4%

Shares of NYSE:R traded up $6.21 during mid-day trading on Friday, hitting $186.63. The stock had a trading volume of 329,257 shares, compared to its average volume of 324,425. The company has a market cap of $7.61 billion, a PE ratio of 15.87 and a beta of 1.00. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.82 and a current ratio of 0.82. The company's 50 day moving average is $171.21 and its 200-day moving average is $156.30. Ryder System has a 12-month low of $125.54 and a 12-month high of $189.35.

Ryder System (NYSE:R - Get Free Report) last released its quarterly earnings data 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 analyst estimates of $3.17 billion. Ryder System had a net margin of 3.99% and a return on equity of 17.83%. The company's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. On average, sell-side analysts predict that Ryder System will post 13.68 EPS for the current year.

Ryder System Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Monday, August 18th will be paid a $0.91 dividend. The ex-dividend date is Monday, August 18th. This represents a $3.64 annualized dividend and a yield of 2.0%. This is a boost from Ryder System's previous quarterly dividend of $0.81. Ryder System's dividend payout ratio (DPR) is currently 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.