KLP Kapitalforvaltning AS Sells 300 Shares of Ryder System, Inc. $R

KLP Kapitalforvaltning AS reduced its stake in shares of Ryder System, Inc. (NYSE:R) by 2.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,000 shares of the transportation company’s stock after selling 300 shares during the period. KLP Kapitalforvaltning AS’s holdings in Ryder System were worth $1,749,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of R. Belmont Capital LLC grew its position in Ryder System by 5.0% during 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 grew its position in Ryder System by 1.0% during 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 grew its position in Ryder System by 6.5% during 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 grew its position in Ryder System by 0.9% during 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 grew its position in Ryder System by 1.6% during 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. 87.47% of the stock is currently owned by institutional investors.

Ryder System Stock Down 4.3%

Shares of R opened at $176.42 on Monday. The company has a market capitalization of $7.20 billion, a P/E ratio of 15.00 and a beta of 1.00. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.82 and a quick ratio of 0.82. Ryder System, Inc. has a one year low of $125.54 and a one year high of $195.48. The business’s 50 day simple moving average is $184.66 and its 200-day simple moving average is $164.44.

Ryder System (NYSE:R) last announced its earnings results on Thursday, July 24th. The transportation company reported $3.32 EPS for the quarter, topping the consensus estimate 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%.Ryder System’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business earned $3.00 EPS. 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, sell-side analysts predict that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Monday, November 17th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, November 17th. Ryder System’s payout ratio is 30.95%.

Insider Transactions at Ryder System

In related news, EVP Steve W. Martin sold 5,500 shares of the business’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 completion of the transaction, the executive vice president owned 24,235 shares in the company, valued at $4,531,460.30. The trade was a 18.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Cristina Gallo-Aquino sold 1,000 shares of the business’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 transaction, the chief financial officer owned 26,561 shares of the company’s stock, valued at $4,804,088.07. This trade 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 worth $7,587,997 over the last ninety days. 5.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on R shares. Wall Street Zen raised Ryder System from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Robert W. Baird lifted their target price on Ryder System from $186.00 to $192.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. Barclays lifted their price objective on Ryder System from $190.00 to $220.00 and gave the company an “overweight” rating in a report on Thursday, October 2nd. Baird R W raised Ryder System to a “strong-buy” rating in a report on Tuesday, July 1st. Finally, Susquehanna began coverage on Ryder System in a report on Tuesday, July 15th. They set a “positive” rating and a $215.00 price objective on the stock. One 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $193.22.

Ryder System 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.