Ballentine Partners LLC Boosts Stock Holdings in Ryder System, Inc. $R

Ballentine Partners LLC raised its holdings in Ryder System, Inc. (NYSE:R) by 6.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,550 shares of the transportation company’s stock after purchasing an additional 95 shares during the period. Ballentine Partners LLC’s holdings in Ryder System were worth $246,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Wellington Management Group LLP increased its stake in shares of Ryder System by 16.2% in the first quarter. Wellington Management Group LLP now owns 2,984,836 shares of the transportation company’s stock worth $429,249,000 after purchasing an additional 415,103 shares in the last quarter. LSV Asset Management boosted its position in shares of Ryder System by 0.3% in the first quarter. LSV Asset Management now owns 1,456,453 shares of the transportation company’s stock valued at $209,453,000 after acquiring an additional 4,912 shares during the period. Orbis Allan Gray Ltd boosted its position in shares of Ryder System by 0.9% in the first quarter. Orbis Allan Gray Ltd now owns 870,959 shares of the transportation company’s stock valued at $125,253,000 after acquiring an additional 7,429 shares during the period. American Century Companies Inc. boosted its position in shares of Ryder System by 0.3% in the first quarter. American Century Companies Inc. now owns 846,771 shares of the transportation company’s stock valued at $121,774,000 after acquiring an additional 2,876 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Ryder System by 5.5% in the first quarter. Bank of New York Mellon Corp now owns 527,906 shares of the transportation company’s stock valued at $75,918,000 after acquiring an additional 27,632 shares during the period. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Insider Buying and Selling at Ryder System

In other Ryder System news, EVP Steve W. Martin sold 5,500 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $186.98, for a total transaction of $1,028,390.00. Following the transaction, the executive vice president directly owned 24,235 shares of the company’s stock, valued at approximately $4,531,460.30. The trade was a 18.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas M. Havens sold 6,500 shares of the business’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $181.77, for a total transaction of $1,181,505.00. Following the transaction, the insider directly owned 32,478 shares in the company, valued at approximately $5,903,526.06. The trade was a 16.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,618 shares of company stock worth $7,587,997. 5.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

R has been the subject of a number of analyst reports. Citigroup initiated coverage on shares of Ryder System in a research report on Monday, September 22nd. They issued a “buy” rating and a $217.00 price objective for the company. Morgan Stanley raised their price objective on shares of Ryder System from $175.00 to $190.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Susquehanna started coverage on shares of Ryder System in a research report on Tuesday, July 15th. They set a “positive” rating and a $215.00 target price for the company. Baird R W upgraded shares of Ryder System to a “strong-buy” rating in a research report on Tuesday, July 1st. Finally, Wolfe Research upgraded shares of Ryder System from a “peer perform” rating to an “outperform” rating and set a $159.00 target price for the company in a research report on Tuesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Ryder System has a consensus rating of “Moderate Buy” and a consensus price target of $189.89.

Ryder System Stock Down 0.3%

Shares of NYSE R opened at $187.12 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 2.27. Ryder System, Inc. has a 52 week low of $125.54 and a 52 week high of $191.00. The firm’s fifty day moving average is $182.75 and its 200 day moving average is $161.58. The company has a market cap of $7.63 billion, a price-to-earnings ratio of 15.91 and a beta of 0.98.

Ryder System (NYSE:R) last issued its 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 company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the previous year, the firm earned $3.00 earnings per share. The firm’s revenue for the quarter was up .2% on a year-over-year basis. 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 research analysts expect that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Increases Dividend

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

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.