Bank of New York Mellon Corp Has $76.36 Million Position in Ryder System, Inc. $R

Bank of New York Mellon Corp lessened its stake in Ryder System, Inc. (NYSE:R) by 9.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 480,218 shares of the transportation company’s stock after selling 47,688 shares during the quarter. Bank of New York Mellon Corp owned 1.18% of Ryder System worth $76,355,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of R. Belmont Capital LLC increased 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 acquiring an additional 83 shares during the last quarter. Redwood Investment Management LLC boosted 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 valued at $1,321,000 after purchasing an additional 94 shares during the last quarter. Ballentine Partners LLC grew its stake in Ryder System by 6.5% in the second quarter. Ballentine Partners LLC now owns 1,550 shares of the transportation company’s stock valued at $246,000 after purchasing an additional 95 shares in the last quarter. Louisiana State Employees Retirement System increased its position in Ryder System by 0.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the transportation company’s stock worth $1,697,000 after purchasing an additional 100 shares during the last quarter. Finally, SummerHaven Investment Management LLC raised its stake in shares of Ryder System by 1.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 6,637 shares of the transportation company’s stock worth $1,055,000 after purchasing an additional 103 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

Insider Transactions at Ryder System

In other news, insider Thomas M. Havens sold 6,500 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $181.77, for a total value of $1,181,505.00. Following the completion of the sale, the insider directly owned 32,478 shares of the company’s stock, valued at approximately $5,903,526.06. This represents a 16.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Sanford J. Hodes sold 532 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $187.48, for a total transaction of $99,739.36. Following the completion of the sale, the senior vice president owned 24,452 shares in the company, valued at approximately $4,584,260.96. The trade was a 2.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 12,532 shares of company stock worth $2,309,634 over the last three months. 5.20% of the stock is currently owned by insiders.

Ryder System Stock Performance

NYSE:R opened at $169.23 on Friday. The firm has a market capitalization of $6.83 billion, a PE ratio of 14.29 and a beta of 1.05. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.35. Ryder System, Inc. has a 1 year low of $125.54 and a 1 year high of $195.48. The firm’s fifty day simple moving average is $181.56 and its 200 day simple moving average is $169.23.

Ryder System (NYSE:R) last issued its quarterly earnings results on Thursday, October 23rd. The transportation company reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.56 by $0.01. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $3.19 billion. Ryder System had a return on equity of 17.69% and a net margin of 3.96%.The firm’s revenue was up .1% compared to the same quarter last year. During the same period last year, the business posted $3.44 earnings per share. 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, sell-side analysts anticipate that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Announces Dividend

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 $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Monday, November 17th. Ryder System’s payout ratio is currently 30.74%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Robert W. Baird boosted their price target on Ryder System from $186.00 to $192.00 and gave the company an “outperform” rating in a research note on Monday, July 28th. Stephens boosted their target price on shares of Ryder System from $150.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. Morgan Stanley increased their price target on shares of Ryder System from $175.00 to $190.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Barclays raised their price target on shares of Ryder System from $190.00 to $220.00 and gave the company an “overweight” rating in a report on Thursday, October 2nd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Ryder System from $194.00 to $197.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. 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, Ryder System has an average rating of “Moderate Buy” and a consensus target price of $195.89.

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.