Nordea Investment Management AB Purchases 401 Shares of Ryder System, Inc. $R

Nordea Investment Management AB lifted its position in Ryder System, Inc. (NYSE:R) by 0.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 76,402 shares of the transportation company’s stock after purchasing an additional 401 shares during the quarter. Nordea Investment Management AB owned about 0.18% of Ryder System worth $12,158,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Harbor Asset Planning Inc. bought a new position in shares of Ryder System in the second quarter worth $59,000. Ritholtz Wealth Management bought a new position in shares of Ryder System in the second quarter worth $544,000. Bayforest Capital Ltd bought a new position in shares of Ryder System in the second quarter worth $436,000. Sequoia Financial Advisors LLC bought a new position in shares of Ryder System in the second quarter worth $258,000. Finally, CWM LLC increased its holdings in shares of Ryder System by 46.5% in the second quarter. CWM LLC now owns 1,263 shares of the transportation company’s stock worth $201,000 after purchasing an additional 401 shares during the period. Institutional investors own 87.47% of the company’s stock.

Ryder System Stock Down 0.2%

Shares of NYSE:R opened at $182.28 on Monday. Ryder System, Inc. has a 52-week low of $125.54 and a 52-week high of $195.48. The firm has a fifty day moving average of $185.14 and a 200 day moving average of $165.75. The firm has a market capitalization of $7.44 billion, a PE ratio of 15.50 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.

Ryder System (NYSE:R) last posted its quarterly earnings results on Thursday, July 24th. The transportation company reported $3.32 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $3.17 billion. During the same period in the prior year, the business posted $3.00 earnings per share. The company’s 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, research analysts anticipate that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Monday, November 17th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, November 17th. Ryder System’s dividend payout ratio is presently 30.95%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Robert W. Baird upped 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. Stephens upped their price target on shares of Ryder System from $150.00 to $190.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. Citigroup assumed coverage on shares of Ryder System in a research report on Monday, September 22nd. They issued a “buy” rating and a $217.00 target price for the company. Wolfe Research upgraded shares of Ryder System from a “peer perform” rating to an “outperform” rating and set a $159.00 target price for the company in a research report on Tuesday, July 1st. Finally, Baird R W upgraded shares of Ryder System to a “strong-buy” rating in a research report on Tuesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $193.22.

Insider Buying and Selling at Ryder System

In other Ryder System news, insider Thomas M. Havens sold 6,500 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider directly owned 32,478 shares in the company, valued at $5,903,526.06. This represents a 16.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Cristina Gallo-Aquino sold 1,000 shares of the company’s stock in a transaction dated 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 owned 26,561 shares of the company’s stock, valued at approximately $4,804,088.07. The trade was a 3.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,618 shares of company stock valued at $7,587,997. 5.20% of the stock is currently owned by insiders.

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.