Ryder System, Inc. (NYSE:R) Short Interest Update

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) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 944,600 shares, a decrease of 19.3% from the August 15th total of 1,170,000 shares. Based on an average trading volume of 330,400 shares, the short-interest ratio is presently 2.9 days. Currently, 2.4% of the company's stock are sold short. Currently, 2.4% of the company's stock are sold short. Based on an average trading volume of 330,400 shares, the short-interest ratio is presently 2.9 days.

Insiders Place Their Bets

In other Ryder System news, CFO Cristina Gallo-Aquino sold 1,000 shares of Ryder System stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $180.87, for a total transaction of $180,870.00. Following the completion of the transaction, the chief financial officer owned 26,561 shares in the company, valued at approximately $4,804,088.07. The trade was a 3.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert E. Sanchez sold 22,063 shares of the 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 completion of the sale, the chief executive officer directly owned 62,887 shares of the company's stock, valued at approximately $11,476,248.63. This trade represents a 25.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,618 shares of company stock worth $7,587,997 in the last 90 days. Company insiders own 5.20% of the company's stock.

Institutional Investors Weigh In On Ryder System

Institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP raised its position in Ryder System by 16.2% in the 1st quarter. Wellington Management Group LLP now owns 2,984,836 shares of the transportation company's stock worth $429,249,000 after purchasing an additional 415,103 shares during the period. Valeo Financial Advisors LLC grew its stake in shares of Ryder System by 51,455.2% during the second quarter. Valeo Financial Advisors LLC now owns 2,868,534 shares of the transportation company's stock valued at $456,097,000 after buying an additional 2,862,970 shares during the last quarter. State Street Corp increased its holdings in shares of Ryder System by 0.4% in the second quarter. State Street Corp now owns 1,995,292 shares of the transportation company's stock worth $317,251,000 after buying an additional 7,447 shares during the period. LSV Asset Management lifted its stake in shares of Ryder System by 0.3% in the 1st quarter. LSV Asset Management now owns 1,456,453 shares of the transportation company's stock valued at $209,453,000 after acquiring an additional 4,912 shares during the last quarter. Finally, Orbis Allan Gray Ltd lifted its stake in shares of Ryder System by 15.4% in the 2nd quarter. Orbis Allan Gray Ltd now owns 1,005,382 shares of the transportation company's stock valued at $159,856,000 after acquiring an additional 134,423 shares during the last quarter. Hedge funds and other institutional investors own 87.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Baird R W upgraded Ryder System to a "strong-buy" rating in a research note on Tuesday, July 1st. JPMorgan Chase & Co. boosted their price objective on Ryder System from $165.00 to $173.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. Citigroup started coverage on Ryder System in a research note on Monday. They issued a "buy" rating and a $217.00 price objective for the company. Robert W. Baird boosted their price target on shares of Ryder System from $186.00 to $192.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. Finally, Wolfe Research upgraded shares of Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 price objective for the company in a report on Tuesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $189.89.

Ryder System Price Performance

Shares of Ryder System stock traded up $1.28 on Monday, hitting $185.03. 189,849 shares of the company traded hands, compared to its average volume of 272,621. The firm's 50-day simple moving average is $181.26 and its 200 day simple moving average is $160.08. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.27. The company has a market cap of $7.55 billion, a P/E ratio of 15.73 and a beta of 0.98. Ryder System has a 12-month low of $125.54 and a 12-month high of $191.00.

Ryder System (NYSE:R - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The transportation company reported $3.32 earnings per share for the quarter, beating analysts' consensus estimates of $3.11 by $0.21. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.17 billion. Ryder System had a return on equity of 17.83% and a net margin of 3.99%.The company's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the business posted $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. 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 was paid on Friday, September 19th. Shareholders of record on Monday, August 18th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend 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 of this dividend was Monday, August 18th. Ryder System's payout ratio is 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.