Ryder System, Inc. $R Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC cut its stake in Ryder System, Inc. (NYSE:R) by 1.8% in the second quarter, Holdings Channel.com reports. The fund owned 725,961 shares of the transportation company’s stock after selling 13,450 shares during the quarter. Geode Capital Management LLC’s holdings in Ryder System were worth $115,446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of Ryder System in the 1st quarter valued at about $4,721,000. Voya Investment Management LLC increased its position in Ryder System by 34.4% during the first quarter. Voya Investment Management LLC now owns 42,782 shares of the transportation company’s stock worth $6,152,000 after buying an additional 10,957 shares during the period. Valeo Financial Advisors LLC lifted its stake in Ryder System by 51,455.2% in the second quarter. Valeo Financial Advisors LLC now owns 2,868,534 shares of the transportation company’s stock valued at $456,097,000 after buying an additional 2,862,970 shares during the last quarter. Petrus Trust Company LTA purchased a new stake in Ryder System in the first quarter valued at approximately $203,000. Finally, United Services Automobile Association acquired a new stake in shares of Ryder System in the first quarter valued at approximately $396,000. Institutional investors and hedge funds own 87.47% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on R. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ryder System in a report on Wednesday, October 8th. Stephens lifted their price objective on shares of Ryder System from $150.00 to $190.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. Robert W. Baird upped their target price on shares of Ryder System from $186.00 to $192.00 and gave the company an “outperform” rating in a report on Monday, July 28th. Morgan Stanley raised their price target on Ryder System from $175.00 to $190.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Finally, Wall Street Zen raised Ryder System from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.89.

Ryder System Stock Down 2.5%

Shares of NYSE:R opened at $162.57 on Friday. The company has a market cap of $6.56 billion, a price-to-earnings ratio of 13.73 and a beta of 1.05. The firm’s 50-day simple moving average is $178.06 and its 200-day simple moving average is $170.85. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.35. Ryder System, Inc. has a fifty-two week low of $125.54 and a fifty-two week high of $195.48.

Ryder System (NYSE:R) last posted its quarterly earnings results 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 net margin of 3.96% and a return on equity of 17.69%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the company 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 research analysts predict that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Dividend Announcement

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

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.