King Luther Capital Management Corp Increases Position in Ryder System, Inc. $R

King Luther Capital Management Corp lifted its holdings in shares of Ryder System, Inc. (NYSE:R) by 19.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 3,111 shares of the transportation company’s stock after buying an additional 500 shares during the quarter. King Luther Capital Management Corp’s holdings in Ryder System were worth $495,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on R shares. Morgan Stanley raised their target price 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. Citigroup assumed coverage on shares of Ryder System in a report on Monday, September 22nd. They set a “buy” rating and a $217.00 price target for the company. Wall Street Zen raised Ryder System from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Barclays boosted their target price on Ryder System from $190.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Ryder System in a report on Wednesday, October 8th. One 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.89.

Ryder System Price Performance

Shares of NYSE:R opened at $170.27 on Wednesday. The firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of 14.38 and a beta of 1.05. 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 business’s 50 day simple moving average is $180.87 and its 200-day simple moving average is $169.92. Ryder System, Inc. has a 12 month low of $125.54 and a 12 month high of $195.48.

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 the consensus estimate of $3.56 by $0.01. The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $3.19 billion. Ryder System had a return on equity of 17.69% and a net margin of 3.96%.Ryder System’s revenue was up .1% on a year-over-year basis. During the same period in the previous year, the firm 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. As a group, equities analysts forecast that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The firm 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. The ex-dividend date is Monday, November 17th. This represents a $3.64 annualized dividend and a dividend yield of 2.1%. Ryder System’s payout ratio is currently 30.74%.

Insider Activity

In other news, EVP Steve W. Martin sold 5,500 shares of the 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 sale, the executive vice president directly owned 24,235 shares in the company, valued at $4,531,460.30. This represents a 18.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Sanford J. Hodes sold 532 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president directly owned 24,452 shares of the company’s stock, valued at approximately $4,584,260.96. This trade represents a 2.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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.