Caisse DE Depot ET Placement DU Quebec Buys Shares of 22,100 Ryder System, Inc. $R

Caisse DE Depot ET Placement DU Quebec bought a new stake in Ryder System, Inc. (NYSE:R) during the 1st quarter, Holdings Channel reports. The firm bought 22,100 shares of the transportation company’s stock, valued at approximately $3,178,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Invst LLC grew its stake in shares of Ryder System by 0.7% in the 4th quarter. Invst LLC now owns 8,315 shares of the transportation company’s stock valued at $1,304,000 after purchasing an additional 61 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Ryder System by 1.6% in the 4th quarter. Deutsche Bank AG now owns 4,136 shares of the transportation company’s stock valued at $649,000 after buying an additional 65 shares during the period. Baird Financial Group Inc. lifted its holdings in shares of Ryder System by 0.9% in the 4th quarter. Baird Financial Group Inc. now owns 9,826 shares of the transportation company’s stock valued at $1,541,000 after buying an additional 90 shares during the period. SummerHaven Investment Management LLC lifted its holdings in shares of Ryder System by 1.4% in the 1st quarter. SummerHaven Investment Management LLC now owns 6,534 shares of the transportation company’s stock valued at $940,000 after buying an additional 90 shares during the period. Finally, Louisiana State Employees Retirement System lifted its holdings in shares of Ryder System by 0.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the transportation company’s stock valued at $1,697,000 after buying an additional 100 shares during the period. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

R has been the subject of several recent analyst reports. Susquehanna initiated coverage on Ryder System in a report on Tuesday, July 15th. They issued a “positive” rating and a $215.00 price target for the company. Wolfe Research raised Ryder System from a “peer perform” rating to an “outperform” rating and set a $159.00 price target for the company in a report on Tuesday, July 1st. Baird R W raised Ryder System to a “strong-buy” rating in a report on Tuesday, July 1st. Stephens raised their price target on Ryder System from $150.00 to $190.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. Finally, Barclays assumed coverage on Ryder System in a report on Monday, June 9th. They issued an “overweight” rating and a $190.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $186.50.

Ryder System Stock Performance

Shares of R stock opened at $187.27 on Friday. The stock has a fifty day moving average price of $174.05 and a 200 day moving average price of $157.09. The stock has a market cap of $7.64 billion, a PE ratio of 15.92 and a beta of 1.00. Ryder System, Inc. has a 1 year low of $125.54 and a 1 year high of $189.35. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.82 and a current ratio of 0.82.

Ryder System (NYSE:R) last released its quarterly earnings results on Thursday, July 24th. The transportation company reported $3.32 earnings per share for the quarter, topping analysts’ consensus estimates of $3.11 by $0.21. Ryder System had a return on equity of 17.83% and a net margin of 3.99%.The company had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same period in the previous year, the firm posted $3.00 earnings per share. The business’s revenue for the quarter 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. Sell-side analysts forecast that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Increases Dividend

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

Insider Buying and Selling

In other news, EVP Steve W. Martin sold 5,500 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $186.98, for a total value of $1,028,390.00. Following the completion of the transaction, the executive vice president directly owned 24,235 shares of the company’s stock, valued at $4,531,460.30. The trade was a 18.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Robert E. Sanchez sold 22,063 shares of Ryder System stock in a transaction on Monday, July 28th. The shares were sold at an average price of $182.49, for a total value of $4,026,276.87. Following the completion of the sale, the chief executive officer directly owned 62,887 shares of the company’s stock, valued at approximately $11,476,248.63. This represents a 25.97% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,618 shares of company stock valued at $7,587,997. Company insiders own 5.20% of the company’s stock.

Ryder System Company Profile

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.