Ryder System, Inc. $R Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. increased its position in shares of Ryder System, Inc. (NYSE:R) by 7.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 21,414 shares of the transportation company’s stock after purchasing an additional 1,535 shares during the quarter. QRG Capital Management Inc.’s holdings in Ryder System were worth $3,405,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in R. Wellington Management Group LLP increased its stake in Ryder System by 16.2% during the first quarter. Wellington Management Group LLP now owns 2,984,836 shares of the transportation company’s stock worth $429,249,000 after acquiring an additional 415,103 shares during the last quarter. Nuveen LLC purchased a new position in shares of Ryder System during the 1st quarter worth $18,204,000. Allianz Asset Management GmbH increased its position in shares of Ryder System by 29.0% during the 1st quarter. Allianz Asset Management GmbH now owns 304,195 shares of the transportation company’s stock worth $43,746,000 after purchasing an additional 68,316 shares during the last quarter. Bahl & Gaynor Inc. raised its holdings in Ryder System by 609.8% in the 1st quarter. Bahl & Gaynor Inc. now owns 58,503 shares of the transportation company’s stock valued at $8,413,000 after buying an additional 50,261 shares during the period. Finally, Sheaff Brock Investment Advisors LLC acquired a new position in Ryder System in the first quarter valued at about $6,926,000. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on R. Stephens boosted their price target 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. Citigroup began coverage on Ryder System in a research report on Monday, September 22nd. They issued a “buy” rating and a $217.00 target price on the stock. Robert W. Baird raised their price target on Ryder System from $186.00 to $192.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ryder System in a research note on Saturday, September 27th. Finally, Wall Street Zen upgraded Ryder System from a “hold” rating to a “buy” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Ryder System currently has a consensus rating of “Moderate Buy” and an average price target of $193.22.

Insider Activity

In other news, insider Thomas M. Havens sold 6,500 shares of the company’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $181.77, for a total transaction of $1,181,505.00. Following the completion of the transaction, the insider directly owned 32,478 shares of the company’s stock, valued at approximately $5,903,526.06. This represents a 16.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Cristina Gallo-Aquino sold 1,000 shares of the stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $180.87, for a total value of $180,870.00. Following the completion of the transaction, the chief financial officer owned 26,561 shares in the company, valued at approximately $4,804,088.07. The trade was a 3.63% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,618 shares of company stock valued at $7,587,997. Insiders own 5.20% of the company’s stock.

Ryder System Stock Performance

Shares of R opened at $194.13 on Tuesday. Ryder System, Inc. has a 1 year low of $125.54 and a 1 year high of $195.48. The stock has a market capitalization of $7.92 billion, a PE ratio of 16.51 and a beta of 1.00. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a 50-day simple moving average of $184.16 and a 200-day simple moving average of $163.35.

Ryder System (NYSE:R) last released its 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 net margin of 3.99% and a return on equity of 17.83%. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same period in the prior year, the firm earned $3.00 earnings per share. The business’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. On average, analysts predict that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Monday, August 18th were given a dividend of $0.91 per share. This is an increase from Ryder System’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend was Monday, August 18th. This represents a $3.64 annualized dividend and a dividend yield of 1.9%. Ryder System’s dividend payout ratio is presently 30.95%.

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.