Bahl & Gaynor Inc. Has $23.17 Million Stock Position in Ryder System, Inc. $R

Bahl & Gaynor Inc. increased its stake in shares of Ryder System, Inc. (NYSE:R) by 149.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 145,700 shares of the transportation company’s stock after acquiring an additional 87,197 shares during the quarter. Bahl & Gaynor Inc. owned about 0.36% of Ryder System worth $23,166,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of R. Valeo Financial Advisors LLC grew its position in Ryder System by 51,455.2% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,868,534 shares of the transportation company’s stock worth $456,097,000 after purchasing an additional 2,862,970 shares during the last quarter. 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 valued at $429,249,000 after acquiring an additional 415,103 shares during the period. Nuveen LLC bought a new position in Ryder System during the first quarter valued at about $18,204,000. ProShare Advisors LLC increased its stake in Ryder System by 30.3% during the second quarter. ProShare Advisors LLC now owns 243,507 shares of the transportation company’s stock valued at $38,718,000 after acquiring an additional 56,592 shares during the period. Finally, Sheaff Brock Investment Advisors LLC acquired a new position in Ryder System in the 1st quarter valued at approximately $6,926,000. 87.47% of the stock is owned by institutional investors.

Ryder System Stock Up 3.6%

Shares of R opened at $168.30 on Friday. The company has a market capitalization of $6.80 billion, a P/E ratio of 14.21 and a beta of 1.05. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.02 and a quick ratio of 1.02. Ryder System, Inc. has a one year low of $125.54 and a one year high of $195.48. The business’s 50 day simple moving average is $177.67 and its 200-day simple moving average is $171.23.

Ryder System (NYSE:R) last released its quarterly earnings results 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. Ryder System had a return on equity of 17.69% and a net margin of 3.96%.The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $3.19 billion. During the same period last year, the firm posted $3.44 EPS. The business’s revenue was up .1% on a year-over-year basis. Ryder System has set its Q4 2025 guidance at 3.500-3.700 EPS. FY 2025 guidance at 12.850-13.050 EPS. As a group, sell-side analysts predict that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Monday, November 17th will be paid 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 dividend yield of 2.2%. Ryder System’s payout ratio is currently 30.74%.

Analysts Set New Price Targets

Several analysts have recently weighed in on R shares. Weiss Ratings reissued a “buy (b)” rating on shares of Ryder System in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on Ryder System from $194.00 to $197.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Stephens lifted their price target on shares of Ryder System from $150.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. Citigroup initiated coverage on shares of Ryder System in a research note on Monday, September 22nd. They issued a “buy” rating and a $217.00 price objective for the company. Finally, Barclays raised their price objective on shares of Ryder System from $190.00 to $220.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $195.89.

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.