Voya Investment Management LLC Grows Stock Holdings in Ryder System, Inc. $R

Voya Investment Management LLC increased its holdings in shares of Ryder System, Inc. (NYSE:R) by 34.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,782 shares of the transportation company’s stock after purchasing an additional 10,957 shares during the period. Voya Investment Management LLC owned approximately 0.10% of Ryder System worth $6,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Ryder System during the first quarter worth about $26,000. TCTC Holdings LLC boosted its position in Ryder System by 116.5% in the 1st quarter. TCTC Holdings LLC now owns 223 shares of the transportation company’s stock worth $32,000 after purchasing an additional 120 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Ryder System by 61.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company’s stock worth $41,000 after purchasing an additional 109 shares during the period. Curat Global LLC acquired a new stake in shares of Ryder System during the 1st quarter worth approximately $55,000. Finally, Quarry LP purchased a new position in shares of Ryder System during the 1st quarter valued at approximately $60,000. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Ryder System Stock Down 2.1%

Shares of NYSE:R opened at $184.47 on Thursday. The firm has a 50 day simple moving average of $180.71 and a 200-day simple moving average of $159.38. Ryder System, Inc. has a twelve month low of $125.54 and a twelve month high of $191.00. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.27. The company has a market capitalization of $7.52 billion, a PE ratio of 15.69 and a beta of 0.99.

Ryder System (NYSE:R) last announced its quarterly earnings results on Thursday, July 24th. The transportation company reported $3.32 EPS for the quarter, topping the consensus estimate 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 last year, the business earned $3.00 EPS. Ryder System’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. On average, equities analysts predict that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Increases Dividend

The company also recently announced 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. This is a boost from Ryder System’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Monday, August 18th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.0%. Ryder System’s payout ratio is currently 30.95%.

Analysts Set New Price Targets

A number of analysts recently issued reports on R shares. JPMorgan Chase & Co. increased their price target 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. Susquehanna started coverage on shares of Ryder System in a research note on Tuesday, July 15th. They set a “positive” rating and a $215.00 target price on the stock. Barclays initiated coverage on Ryder System in a research note on Monday, June 9th. They issued an “overweight” rating and a $190.00 price target for the company. Stephens increased their price target on Ryder System from $150.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. Finally, Baird R W upgraded Ryder System to a “strong-buy” rating in a research report on Tuesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $186.50.

Insider Activity at Ryder System

In other Ryder System news, CEO Robert E. Sanchez sold 22,063 shares of the business’s stock in a transaction that occurred on Monday, July 28th. The stock was 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 owned 62,887 shares in the company, valued at approximately $11,476,248.63. The trade was a 25.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Steve W. Martin sold 5,500 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $186.98, for a total transaction of $1,028,390.00. Following the transaction, the executive vice president owned 24,235 shares in the company, valued at approximately $4,531,460.30. This trade represents a 18.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,618 shares of company stock valued at $7,587,997 over the last 90 days. 5.20% of the stock is owned by insiders.

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.