Forum Financial Management LP Acquires 149 Shares of Ryder System, Inc. $R

Forum Financial Management LP increased its holdings in shares of Ryder System, Inc. (NYSE:R) by 9.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,650 shares of the transportation company’s stock after acquiring an additional 149 shares during the period. Forum Financial Management LP’s holdings in Ryder System were worth $262,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Belmont Capital LLC lifted its stake in shares of Ryder System by 5.0% in the first quarter. Belmont Capital LLC now owns 1,737 shares of the transportation company’s stock worth $250,000 after buying an additional 83 shares in the last quarter. Redwood Investment Management LLC lifted its stake in shares of Ryder System by 1.0% in the first quarter. Redwood Investment Management LLC now owns 9,186 shares of the transportation company’s stock worth $1,321,000 after buying an additional 94 shares in the last quarter. Ballentine Partners LLC lifted its stake in shares of Ryder System by 6.5% in the second quarter. Ballentine Partners LLC now owns 1,550 shares of the transportation company’s stock worth $246,000 after buying an additional 95 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of Ryder System by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the transportation company’s stock worth $1,697,000 after buying an additional 100 shares in the last quarter. Finally, SummerHaven Investment Management LLC lifted its stake in shares of Ryder System by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 6,637 shares of the transportation company’s stock worth $1,055,000 after buying an additional 103 shares in the last quarter. Institutional investors own 87.47% of the company’s stock.

Ryder System Stock Up 0.6%

Shares of R stock opened at $161.16 on Monday. Ryder System, Inc. has a 12 month low of $125.54 and a 12 month high of $195.48. The stock has a market cap of $6.51 billion, a P/E ratio of 13.61 and a beta of 1.00. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.35. The company has a 50 day simple moving average of $184.60 and a two-hundred day simple moving average of $167.17.

Ryder System (NYSE:R) last announced its earnings results on Thursday, October 23rd. The transportation company reported $3.57 EPS for the quarter, beating analysts’ consensus estimates of $3.56 by $0.01. Ryder System had a net margin of 3.96% and a return on equity of 17.69%. The business had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.19 billion. During the same period in the prior year, the company earned $3.44 earnings per share. The firm’s revenue was up .1% on a year-over-year basis. Ryder System has set its Q4 2025 guidance at 3.500-3.700 EPS. FY 2025 guidance at 12.850-13.050 EPS. On average, research analysts expect that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Monday, November 17th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Monday, November 17th. Ryder System’s dividend payout ratio is currently 30.74%.

Analyst Ratings Changes

Several research analysts have recently issued reports on R shares. Wolfe Research upgraded shares of Ryder System from a “peer perform” rating to an “outperform” rating and set a $159.00 target price on the stock in a research note on Tuesday, July 1st. Baird R W upgraded shares of Ryder System to a “strong-buy” rating in a research note on Tuesday, July 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Ryder System in a research note on Saturday. Stephens increased their price objective 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, Citigroup began coverage on shares of Ryder System in a research report on Monday, September 22nd. They set a “buy” rating and a $217.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $195.89.

Insider Buying and Selling at Ryder System

In other news, EVP Steve W. Martin sold 5,500 shares of the stock in a transaction 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 completion of the sale, the executive vice president directly owned 24,235 shares of the company’s stock, valued at $4,531,460.30. This represents a 18.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director E Follin Smith sold 5,523 shares of the stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $177.66, for a total transaction of $981,216.18. Following the completion of the sale, the director directly owned 33,779 shares of the company’s stock, valued at approximately $6,001,177.14. This trade represents a 14.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,555 shares of company stock valued at $3,561,721 in the last quarter. Insiders own 5.20% of the company’s stock.

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.