Short Interest in Ryder System, Inc. (NYSE:R) Declines By 33.1%

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) was the target of a large decrease in short interest in 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. Approximately2.3% of the shares of the company are sold short. Based on an average daily trading volume, of 361,900 shares, the short-interest ratio is currently 2.5 days. Based on an average daily trading volume, of 361,900 shares, the short-interest ratio is currently 2.5 days. Approximately2.3% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

R has been the topic of a number of research reports. Susquehanna initiated coverage on Ryder System in a report on Tuesday, July 15th. They issued a "positive" rating and a $215.00 price target on the stock. Wolfe Research upgraded Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 price target on the stock in a report on Tuesday, July 1st. Baird R W upgraded Ryder System to a "strong-buy" rating in a report on Tuesday, July 1st. Robert W. Baird upped their price target on Ryder System from $186.00 to $192.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. Finally, Stephens increased their target price on Ryder System from $150.00 to $190.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $186.50.

Insider Transactions at Ryder System

In related news, CEO Robert E. Sanchez sold 22,063 shares of the company's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $182.49, for a total value of $4,026,276.87. Following the sale, the chief executive officer owned 62,887 shares in the company, valued at $11,476,248.63. This represents a 25.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director E Follin Smith sold 5,523 shares of the company'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 completion of the sale, the director owned 33,779 shares in the company, valued at approximately $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 90 days, insiders have sold 35,586 shares of company stock worth $6,459,868. 5.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in R. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Ryder System during the 1st quarter worth $26,000. Hantz Financial Services Inc. lifted 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 period. Mitsubishi UFJ Asset Management Co. Ltd. lifted 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 period. MAI Capital Management lifted 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 period. Finally, TCTC Holdings LLC lifted 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 period. Hedge funds and other institutional investors own 87.47% of the company's stock.

Ryder System Price Performance

NYSE:R traded up $6.21 during trading hours on Friday, reaching $186.63. 329,257 shares of the company traded hands, compared to its average volume of 315,361. The firm's 50-day moving average is $171.21 and its 200-day moving average is $156.28. The stock has a market cap of $7.61 billion, a P/E ratio of 15.87 and a beta of 1.00. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.82 and a quick ratio of 0.82. Ryder System has a 1-year low of $125.54 and a 1-year high of $189.35.

Ryder System (NYSE:R - Get Free Report) last announced its earnings results on Thursday, July 24th. The transportation company reported $3.32 EPS for the quarter, beating analysts' consensus estimates 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 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 quarter in the prior year, the firm 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. Equities research analysts expect that Ryder System will post 13.68 earnings per share for the current fiscal year.

Ryder System Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Monday, August 18th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Monday, August 18th. 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. Ryder System's dividend payout ratio is currently 30.95%.

Ryder System Company 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.