Ryder System, Inc. (NYSE:R) Sees Large Increase in Short Interest

Ryder System, Inc. (NYSE:R) was the target of a large increase in short interest during the month of August. As of August 15th, there was short interest totaling 1,170,000 shares, an increase of 31.4% from the July 31st total of 890,300 shares. Based on an average daily volume of 346,200 shares, the days-to-cover ratio is presently 3.4 days. Approximately 3.0% of the shares of the stock are short sold. Approximately 3.0% of the shares of the stock are short sold. Based on an average daily volume of 346,200 shares, the days-to-cover ratio is presently 3.4 days.

Insiders Place Their Bets

In other news, insider Thomas M. Havens sold 6,500 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $181.77, for a total value of $1,181,505.00. Following the sale, the insider 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Sanford J. Hodes sold 532 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $187.48, for a total transaction of $99,739.36. Following the completion of the sale, the senior vice president directly owned 24,452 shares in the company, valued at approximately $4,584,260.96. The trade was a 2.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,618 shares of company stock worth $7,587,997 in the last quarter. 5.20% of the stock is owned by corporate insiders.

Institutional Trading of Ryder System

Hedge funds have recently modified their holdings of the company. Leigh Baldwin & CO. LLC acquired a new stake in shares of Ryder System in the 4th quarter valued at approximately $40,475,000. State of Alaska Department of Revenue raised its position in shares of Ryder System by 2.2% in the 1st quarter. State of Alaska Department of Revenue now owns 4,928 shares of the transportation company’s stock valued at $708,000 after acquiring an additional 105 shares during the period. DAVENPORT & Co LLC acquired a new stake in shares of Ryder System in the 1st quarter valued at approximately $557,000. GAMMA Investing LLC raised its position in shares of Ryder System by 41.8% in the 1st quarter. GAMMA Investing LLC now owns 1,278 shares of the transportation company’s stock valued at $184,000 after acquiring an additional 377 shares during the period. Finally, Gotham Asset Management LLC raised its position in shares of Ryder System by 10.3% in the 4th quarter. Gotham Asset Management LLC now owns 73,785 shares of the transportation company’s stock valued at $11,574,000 after acquiring an additional 6,908 shares during the period. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Ryder System Stock Up 0.4%

Shares of NYSE R opened at $186.47 on Thursday. The firm has a market capitalization of $7.61 billion, a PE ratio of 15.86 and a beta of 0.99. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.27. Ryder System has a 1 year low of $125.54 and a 1 year high of $191.00. The firm’s 50-day moving average is $179.03 and its 200-day moving average is $158.47.

Ryder System (NYSE:R) last issued its earnings results on Thursday, July 24th. The transportation company reported $3.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.11 by $0.21. The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.17 billion. Ryder System had a net margin of 3.99% and a return on equity of 17.83%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $3.00 EPS. Ryder System has set its Q3 2025 guidance at 3.450-3.650 EPS. FY 2025 guidance at 12.850-13.300 EPS. Equities analysts expect that Ryder System will post 13.68 EPS for the current year.

Ryder System Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Monday, August 18th will be given a $0.91 dividend. The ex-dividend date is Monday, August 18th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.0%. This is a positive change from Ryder System’s previous quarterly dividend of $0.81. Ryder System’s dividend payout ratio is 30.95%.

Wall Street Analyst Weigh In

A number of brokerages have commented on R. Baird R W raised shares of Ryder System to a “strong-buy” rating in a report on Tuesday, July 1st. Barclays began coverage on shares of Ryder System in a report on Monday, June 9th. They set an “overweight” rating and a $190.00 price objective on the stock. Wolfe Research raised shares of Ryder System from a “peer perform” rating to an “outperform” rating and set a $159.00 price objective on the stock in a report on Tuesday, July 1st. JPMorgan Chase & Co. increased their price objective on shares of Ryder System from $165.00 to $173.00 and gave the stock a “neutral” rating in a report on Tuesday, July 8th. Finally, Susquehanna began coverage on shares of Ryder System in a report on Tuesday, July 15th. They set a “positive” rating and a $215.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Ryder System has an average rating of “Moderate Buy” and an average price target of $186.50.

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.