Short Interest in Ryder System, Inc. (NYSE:R) Decreases By 19.3%

Key Points

• Ryder System, Inc. saw a significant 19.3% decrease in short interest, with the total falling to 944,600 shares as of August 31, attributed to heightened trading activity.
• The company reported earnings per share of $3.32 for the last quarter, exceeding analyst expectations and showing a revenue increase of 0.2% year-over-year.
• Ryder System announced a quarterly dividend increase to $0.91 per share, reflecting a boost from the previous dividend of $0.81, representing an annualized yield of 2.0%.

Ryder System, Inc. (NYSE:R - Get Free Report) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 944,600 shares, a decline of 19.3% from the August 15th total of 1,170,000 shares. Approximately 2.4% of the company's stock are short sold. Based on an average trading volume of 330,400 shares, the days-to-cover ratio is currently 2.9 days. Based on an average trading volume of 330,400 shares, the days-to-cover ratio is currently 2.9 days. Approximately 2.4% of the company's stock are short sold.

Ryder System Price Performance

Shares of R stock traded up $0.92 during mid-day trading on Thursday, hitting $185.51. 370,102 shares of the stock were exchanged, compared to its average volume of 243,371. The firm has a fifty day moving average of $180.90 and a 200 day moving average of $159.57. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 2.27. Ryder System has a 52-week low of $125.54 and a 52-week high of $191.00. The company has a market cap of $7.57 billion, a PE ratio of 15.77 and a beta of 0.99.

Ryder System (NYSE:R - Get Free Report) last posted its earnings results on Thursday, July 24th. The transportation company reported $3.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.11 by $0.21. Ryder System had a net margin of 3.99% and a return on equity of 17.83%. The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same period in the prior year, the company posted $3.00 EPS. The company's revenue for the quarter was up .2% on a year-over-year basis. Ryder System has set its Q3 2025 guidance at 3.450-3.650 EPS. FY 2025 guidance at 12.850-13.300 EPS. Research analysts anticipate that Ryder System will post 13.68 earnings per share 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 given a dividend of $0.91 per share. This is a boost from Ryder System's previous quarterly dividend of $0.81. This represents a $3.64 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Monday, August 18th. Ryder System's dividend payout ratio (DPR) is currently 30.95%.

Insider Activity

In other Ryder System news, EVP Steve W. Martin sold 5,500 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $186.98, for a total transaction of $1,028,390.00. Following the transaction, the executive vice president owned 24,235 shares in the company, valued at approximately $4,531,460.30. This represents a 18.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Thomas M. Havens sold 6,500 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $181.77, for a total transaction of $1,181,505.00. Following the transaction, the insider owned 32,478 shares in the company, valued at $5,903,526.06. The trade was a 16.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,618 shares of company stock worth $7,587,997 over the last 90 days. 5.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ryder System

A number of large investors have recently added to or reduced their stakes in R. Deutsche Bank AG raised its position in Ryder System by 1.6% during the fourth quarter. Deutsche Bank AG now owns 4,136 shares of the transportation company's stock worth $649,000 after acquiring an additional 65 shares during the period. Focus Partners Wealth acquired a new position in Ryder System during the fourth quarter worth $269,000. Group One Trading LLC raised its position in Ryder System by 553.0% during the fourth quarter. Group One Trading LLC now owns 653 shares of the transportation company's stock worth $102,000 after acquiring an additional 553 shares during the period. Two Sigma Investments LP raised its position in Ryder System by 28.1% during the fourth quarter. Two Sigma Investments LP now owns 25,337 shares of the transportation company's stock worth $3,974,000 after acquiring an additional 5,551 shares during the period. Finally, Two Sigma Advisers LP raised its position in Ryder System by 50.9% during the fourth quarter. Two Sigma Advisers LP now owns 33,800 shares of the transportation company's stock worth $5,302,000 after acquiring an additional 11,400 shares during the period. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on R. JPMorgan Chase & Co. upped their price target 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. Morgan Stanley upped their price objective on shares of Ryder System from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Stephens upped 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. Susquehanna assumed coverage on shares of Ryder System in a report on Tuesday, July 15th. They issued a "positive" rating and a $215.00 price objective on the stock. Finally, Barclays initiated coverage on shares of Ryder System in a report on Monday, June 9th. They issued an "overweight" rating and a $190.00 price objective on the stock. One 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's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $186.50.

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.

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