Ryder System (NYSE:R) EVP Sells $1,028,390.00 in Stock

Ryder System, Inc. (NYSE:R) EVP Steve 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Ryder System Stock Performance

Shares of R stock opened at $187.50 on Thursday. The firm has a market capitalization of $7.65 billion, a price-to-earnings ratio of 15.94 and a beta of 1.00. The stock has a fifty day moving average of $173.34 and a 200 day moving average of $156.89. Ryder System, Inc. has a 52 week low of $125.54 and a 52 week high of $189.35. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 2.27.

Ryder System (NYSE:R) last issued its quarterly earnings data on Thursday, July 24th. The transportation company reported $3.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.11 by $0.21. Ryder System had a net margin of 3.99% and a return on equity of 17.83%. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the previous year, the firm earned $3.00 EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year. 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, research analysts expect that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Monday, August 18th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Monday, August 18th. This is an increase from Ryder System’s previous quarterly dividend of $0.81. This represents a $3.64 dividend on an annualized basis and a yield of 1.9%. Ryder System’s payout ratio is currently 30.95%.

Hedge Funds Weigh In On Ryder System

Several institutional investors and hedge funds have recently modified their holdings of the stock. Valeo Financial Advisors LLC boosted its stake in Ryder System by 51,455.2% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,868,534 shares of the transportation company’s stock worth $456,097,000 after purchasing an additional 2,862,970 shares in the last quarter. Norges Bank purchased a new position in Ryder System in the second quarter worth about $103,814,000. Wellington Management Group LLP raised its holdings in Ryder System by 16.2% in the first quarter. Wellington Management Group LLP now owns 2,984,836 shares of the transportation company’s stock worth $429,249,000 after buying an additional 415,103 shares during the last quarter. Leigh Baldwin & CO. LLC bought a new position in shares of Ryder System in the fourth quarter worth approximately $40,475,000. Finally, GAMMA Investing LLC grew its holdings in shares of Ryder System by 20,298.3% during the first quarter. GAMMA Investing LLC now owns 183,789 shares of the transportation company’s stock valued at $26,431,000 after buying an additional 182,888 shares during the last quarter. 87.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Robert W. Baird lifted their price objective on Ryder System from $186.00 to $192.00 and gave the company an “outperform” rating in a research report on Monday, July 28th. Barclays assumed coverage on Ryder System in a research report on Monday, June 9th. They issued an “overweight” rating and a $190.00 target price for the company. JPMorgan Chase & Co. increased their target price on Ryder System from $165.00 to $173.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 8th. Susquehanna assumed coverage on Ryder System in a research report on Tuesday, July 15th. They issued a “positive” rating and a $215.00 target price for the company. Finally, Stephens increased their target price on Ryder System from $150.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Ryder System has a consensus rating of “Moderate Buy” and a consensus price target of $186.50.

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.