3,421 Shares in Ryder System, Inc. $R Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management purchased a new position in Ryder System, Inc. (NYSE:R) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,421 shares of the transportation company’s stock, valued at approximately $544,000.

Other institutional investors also recently bought and sold shares of the company. TCTC Holdings LLC increased its stake in shares of Ryder System by 116.5% during the first quarter. TCTC Holdings LLC now owns 223 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 120 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Ryder System by 103.6% during the second quarter. IFP Advisors Inc now owns 224 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 114 shares in the last quarter. Trust Co. of Toledo NA OH bought a new position in shares of Ryder System during the second quarter valued at approximately $37,000. Geneos Wealth Management Inc. increased its stake in shares of Ryder System by 61.2% during the first quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company’s stock valued at $41,000 after purchasing an additional 109 shares in the last quarter. Finally, Quarry LP bought a new position in shares of Ryder System during the first quarter valued at approximately $60,000. 87.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

R has been the subject of a number of analyst reports. Susquehanna initiated 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. Citigroup initiated coverage on shares of Ryder System in a research note on Monday, September 22nd. They set a “buy” rating and a $217.00 target price for the company. Robert W. Baird raised their target price on shares of Ryder System from $186.00 to $192.00 and gave the company an “outperform” rating in a research note on Monday, July 28th. Stephens raised 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. Finally, Morgan Stanley raised their price target on shares of Ryder System from $175.00 to $190.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $193.22.

Insider Buying and Selling

In related news, EVP Steve W. Martin sold 5,500 shares of the firm’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 value of $1,028,390.00. Following the sale, the executive vice president owned 24,235 shares in the company, valued at approximately $4,531,460.30. This trade represents a 18.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Cristina Gallo-Aquino sold 1,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer owned 26,561 shares in the company, valued at $4,804,088.07. This represents a 3.63% 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 valued at $7,587,997 in the last ninety days. Corporate insiders own 5.20% of the company’s stock.

Ryder System Price Performance

Shares of R opened at $182.28 on Monday. The company has a market capitalization of $7.44 billion, a P/E ratio of 15.50 and a beta of 1.00. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 2.27. The firm has a 50 day moving average of $185.14 and a 200 day moving average of $165.75. Ryder System, Inc. has a twelve month low of $125.54 and a twelve month high of $195.48.

Ryder System (NYSE:R) last issued 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 company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter last year, the company posted $3.00 earnings per share. The firm’s quarterly revenue 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. As a group, equities research analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Monday, November 17th will be issued a $0.91 dividend. The ex-dividend date is Monday, November 17th. This represents a $3.64 annualized dividend and a yield of 2.0%. Ryder System’s dividend payout ratio (DPR) 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.