Bank of Montreal Can Sells 722 Shares of Ryder System, Inc. $R

Bank of Montreal Can lessened its holdings in Ryder System, Inc. (NYSE:R) by 10.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 6,091 shares of the transportation company’s stock after selling 722 shares during the period. Bank of Montreal Can’s holdings in Ryder System were worth $968,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of Ryder System during the 1st quarter valued at about $4,721,000. Voya Investment Management LLC lifted its position in shares of Ryder System by 34.4% in the first quarter. Voya Investment Management LLC now owns 42,782 shares of the transportation company’s stock worth $6,152,000 after buying an additional 10,957 shares in the last quarter. Valeo Financial Advisors LLC boosted its stake in Ryder System by 51,455.2% during the second quarter. Valeo Financial Advisors LLC now owns 2,868,534 shares of the transportation company’s stock valued at $456,097,000 after buying an additional 2,862,970 shares during the last quarter. Petrus Trust Company LTA bought a new position in Ryder System during the first quarter valued at approximately $203,000. Finally, United Services Automobile Association purchased a new position in Ryder System during the 1st quarter valued at approximately $396,000. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Ryder System Stock Performance

Shares of NYSE R opened at $170.25 on Friday. The company has a market capitalization of $6.87 billion, a PE ratio of 14.38 and a beta of 1.05. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.02 and a current ratio of 1.02. The company’s fifty day moving average price is $179.86 and its 200 day moving average price is $170.38. Ryder System, Inc. has a 1 year low of $125.54 and a 1 year high of $195.48.

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

Ryder System Dividend Announcement

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

Analyst Upgrades and Downgrades

R has been the topic of several recent research reports. Stephens upped their price objective on Ryder System from $150.00 to $190.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. Morgan Stanley upped their price target on shares of Ryder System from $175.00 to $190.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Barclays increased their price objective on shares of Ryder System from $190.00 to $220.00 and gave the company an “overweight” rating in a research report on Thursday, October 2nd. Robert W. Baird boosted their target price on shares of Ryder System from $186.00 to $192.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. Finally, JPMorgan Chase & Co. increased their price target on shares of Ryder System from $194.00 to $197.00 and gave the company a “neutral” rating in a report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $195.89.

Insider Buying and Selling

In other news, EVP Steve W. Martin sold 5,500 shares of the 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 $4,531,460.30. This trade represents a 18.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Sanford J. Hodes sold 532 shares of Ryder System stock in a transaction on Friday, August 22nd. The shares were 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 $4,584,260.96. This represents a 2.13% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 5.20% of the company’s stock.

About Ryder System

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.