Handelsbanken Fonder AB Has $1.39 Million Stake in Ryder System, Inc. $R

Handelsbanken Fonder AB boosted its holdings in shares of Ryder System, Inc. (NYSE:R) by 12.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,726 shares of the transportation company’s stock after buying an additional 1,000 shares during the period. Handelsbanken Fonder AB’s holdings in Ryder System were worth $1,387,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in R. Meiji Yasuda Asset Management Co Ltd. bought a new stake in Ryder System in the first quarter valued at about $4,721,000. Voya Investment Management LLC boosted its holdings 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 valued at $6,152,000 after purchasing an additional 10,957 shares in the last quarter. Valeo Financial Advisors LLC grew its stake in shares of 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 valued at $456,097,000 after purchasing an additional 2,862,970 shares during the period. Petrus Trust Company LTA acquired a new position in shares of Ryder System in the 1st quarter worth approximately $203,000. Finally, United Services Automobile Association bought a new position in shares of Ryder System during the 1st quarter worth approximately $396,000. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Price Performance

Shares of R stock opened at $172.62 on Friday. Ryder System, Inc. has a 1 year low of $125.54 and a 1 year high of $195.48. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.35. The firm’s 50 day moving average is $176.50 and its 200-day moving average is $171.81. The firm has a market capitalization of $6.97 billion, a price-to-earnings ratio of 14.58 and a beta of 1.05.

Ryder System (NYSE:R) last posted its quarterly earnings data on Thursday, October 23rd. The transportation company reported $3.57 earnings per share for the quarter, topping the consensus estimate of $3.56 by $0.01. Ryder System had a net margin of 3.96% and a return on equity of 17.69%. The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $3.19 billion. During the same quarter in the previous year, the company posted $3.44 EPS. Ryder System’s revenue was up .1% on a year-over-year basis. Ryder System has set its Q4 2025 guidance at 3.500-3.700 EPS. FY 2025 guidance at 12.850-13.050 EPS. Sell-side analysts forecast that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Monday, November 17th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, November 17th. Ryder System’s dividend payout ratio is 30.74%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Citigroup started coverage on Ryder System in a research report on Monday, September 22nd. They issued a “buy” rating and a $217.00 price target on the stock. Barclays upped their target price on shares of Ryder System from $190.00 to $220.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Ryder System in a report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price objective on shares of Ryder System from $194.00 to $197.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Finally, Wall Street Zen upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. One research 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 company’s stock. According to MarketBeat, Ryder System presently has a consensus rating of “Moderate Buy” and an average target price of $195.89.

Ryder System 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.