Ryder System, Inc. $R Shares Sold by Cambridge Financial Group Inc.

Cambridge Financial Group Inc. cut its stake in shares of Ryder System, Inc. (NYSE:R) by 25.2% during the 2nd quarter, Holdings Channel reports. The fund owned 43,283 shares of the transportation company’s stock after selling 14,587 shares during the period. Ryder System comprises approximately 3.5% of Cambridge Financial Group Inc.’s investment portfolio, making the stock its 8th largest position. Cambridge Financial Group Inc.’s holdings in Ryder System were worth $6,882,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of R. Hantz Financial Services Inc. raised its holdings in shares of Ryder System by 770.0% during the second quarter. Hantz Financial Services Inc. now owns 174 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 154 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Ryder System by 237.0% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 182 shares of the transportation company’s stock valued at $29,000 after buying an additional 128 shares during the period. TCTC Holdings LLC increased its position in Ryder System by 116.5% in the 1st quarter. TCTC Holdings LLC now owns 223 shares of the transportation company’s stock valued at $32,000 after buying an additional 120 shares in the last quarter. IFP Advisors Inc boosted its holdings in Ryder System by 103.6% in the second quarter. IFP Advisors Inc now owns 224 shares of the transportation company’s stock worth $36,000 after acquiring an additional 114 shares in the last quarter. Finally, Trust Co. of Toledo NA OH bought a new position in Ryder System in the second quarter worth approximately $37,000. 87.47% of the stock is owned by institutional investors.

Ryder System Stock Performance

Shares of R stock opened at $169.23 on Monday. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a 50-day moving average of $181.56 and a 200-day moving average of $169.47. Ryder System, Inc. has a one year low of $125.54 and a one year high of $195.48. The company has a market cap of $6.83 billion, a P/E ratio of 14.29 and a beta of 1.05.

Ryder System (NYSE:R) last issued its quarterly earnings data on Thursday, October 23rd. The transportation company reported $3.57 earnings per share (EPS) for the quarter, topping 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 $2.61 billion during the quarter, compared to the consensus estimate of $3.19 billion. During the same period in the prior year, the firm posted $3.44 EPS. The firm’s quarterly revenue was up .1% compared to the same quarter last year. Ryder System has set its Q4 2025 guidance at 3.500-3.700 EPS. FY 2025 guidance at 12.850-13.050 EPS. Equities research analysts forecast that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Monday, November 17th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Monday, November 17th. Ryder System’s dividend payout ratio is 30.74%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on R. Stephens boosted their price objective on Ryder System from $150.00 to $190.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. Susquehanna began coverage on shares of Ryder System in a research note on Tuesday, July 15th. They set a “positive” rating and a $215.00 price target for the company. Morgan Stanley upped their price objective on shares of Ryder System from $175.00 to $190.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Robert W. Baird raised their price objective 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. Finally, Barclays boosted their target price on shares of Ryder System from $190.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $195.89.

Insiders Place Their Bets

In other news, SVP Sanford J. Hodes sold 532 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were 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 $4,584,260.96. This trade represents a 2.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Steve W. Martin sold 5,500 shares of Ryder System stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $186.98, for a total transaction of $1,028,390.00. Following the completion of the sale, the executive vice president directly owned 24,235 shares in the company, valued at $4,531,460.30. This trade represents a 18.50% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 12,532 shares of company stock valued at $2,309,634. Company 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.