Fieldview Capital Management LLC trimmed its holdings in Ryder System, Inc. (NYSE:R – Free Report) by 24.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 13,654 shares of the transportation company’s stock after selling 4,455 shares during the quarter. Fieldview Capital Management LLC’s holdings in Ryder System were worth $2,613,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in R. Los Angeles Capital Management LLC purchased a new stake in shares of Ryder System in the fourth quarter valued at about $31,000. Assetmark Inc. increased its stake in shares of Ryder System by 421.9% during the third quarter. Assetmark Inc. now owns 167 shares of the transportation company’s stock worth $32,000 after acquiring an additional 135 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Ryder System during the fourth quarter worth about $34,000. Optima Capital LLC acquired a new position in shares of Ryder System during the fourth quarter worth about $39,000. Finally, Geneos Wealth Management Inc. increased its stake in shares of Ryder System by 61.2% during the first quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company’s stock worth $41,000 after acquiring an additional 109 shares during the period. 87.47% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages have recently issued reports on R. Wells Fargo & Company boosted their price target on shares of Ryder System from $260.00 to $290.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. Citigroup boosted their price target on shares of Ryder System from $239.00 to $276.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ryder System in a research note on Wednesday, May 27th. Zacks Research upgraded shares of Ryder System from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Finally, Wall Street Zen upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a research note on Saturday, April 25th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $240.89.
Insider Activity
In other Ryder System news, Director Luis P. Nieto, Jr. sold 720 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $235.79, for a total transaction of $169,768.80. Following the transaction, the director directly owned 29,974 shares in the company, valued at approximately $7,067,569.46. This represents a 2.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Sanford J. Hodes sold 595 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $251.95, for a total transaction of $149,910.25. Following the transaction, the senior vice president owned 22,948 shares in the company, valued at $5,781,748.60. The trade was a 2.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 4.90% of the company’s stock.
Ryder System Trading Up 0.2%
Shares of R opened at $280.86 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.09. The firm’s 50-day moving average is $239.66 and its two-hundred day moving average is $212.17. Ryder System, Inc. has a twelve month low of $146.74 and a twelve month high of $284.25. The firm has a market capitalization of $10.87 billion, a P/E ratio of 23.35 and a beta of 1.01.
Ryder System (NYSE:R – Get Free Report) last issued its earnings results on Thursday, April 23rd. The transportation company reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.25. Ryder System had a net margin of 3.91% and a return on equity of 17.75%. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same period in the prior year, the business posted $2.46 earnings per share. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. Ryder System has set its FY 2026 guidance at 14.050-14.80 EPS and its Q2 2026 guidance at 3.500-3.75 EPS. On average, research analysts predict that Ryder System, Inc. will post 14.82 earnings per share for the current fiscal year.
Ryder System Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Monday, May 18th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, May 18th. Ryder System’s dividend payout ratio is presently 30.26%.
Ryder System Profile
Ryder System, Inc is a leading provider of transportation and supply chain management solutions, serving commercial customers across a range of industries. The company’s Fleet Management Solutions segment offers full-service leasing and rental of medium- and heavy-duty trucks, tractors and trailers, along with maintenance and repair services at its network of service locations. Its Supply Chain Solutions segment provides integrated, technology-driven offerings that span managed transportation, dedicated contract carriage, warehousing and distribution, and e-commerce fulfillment.
Founded in 1933 and headquartered in Miami, Florida, Ryder has grown from a regional truck leasing operation into a diversified, global logistics provider.
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