Edgestream Partners L.P. Buys New Stake in Ryder System, Inc. $R

Edgestream Partners L.P. bought a new position in shares of Ryder System, Inc. (NYSE:R) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 29,851 shares of the transportation company’s stock, valued at approximately $4,746,000. Edgestream Partners L.P. owned approximately 0.07% of Ryder System as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP raised its holdings in Ryder System by 16.2% in the 1st 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 during the period. Valeo Financial Advisors LLC raised its stake in shares of Ryder System by 51,455.2% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,868,534 shares of the transportation company’s stock worth $456,097,000 after buying an additional 2,862,970 shares during the period. Orbis Allan Gray Ltd raised its stake in shares of Ryder System by 0.9% during the 1st quarter. Orbis Allan Gray Ltd now owns 870,959 shares of the transportation company’s stock worth $125,253,000 after buying an additional 7,429 shares during the period. American Century Companies Inc. lifted its position in shares of Ryder System by 1.4% during the 2nd quarter. American Century Companies Inc. now owns 858,254 shares of the transportation company’s stock valued at $136,462,000 after buying an additional 11,483 shares in the last quarter. Finally, Norges Bank acquired a new stake in Ryder System in the 2nd quarter valued at $103,814,000. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Ryder System Trading Down 0.1%

Shares of R stock opened at $172.01 on Wednesday. Ryder System, Inc. has a 1-year low of $125.54 and a 1-year high of $195.48. The firm has a market cap of $6.95 billion, a PE ratio of 14.53 and a beta of 1.05. The company has a 50-day moving average of $175.75 and a two-hundred day moving average of $172.29. 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 (NYSE:R) last released its quarterly earnings results on Thursday, October 23rd. The transportation company reported $3.57 EPS for the quarter, topping the consensus estimate of $3.56 by $0.01. Ryder System had a return on equity of 17.69% and a net margin of 3.96%.The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $3.19 billion. During the same period last year, the business posted $3.44 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. Ryder System has set its Q4 2025 guidance at 3.500-3.700 EPS and its FY 2025 guidance at 12.850-13.050 EPS. On average, analysts predict that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have weighed in on R shares. Barclays upped their price objective on shares of Ryder System from $190.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. JPMorgan Chase & Co. upped their price target on shares of Ryder System from $194.00 to $197.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ryder System in a report on Wednesday, October 8th. Citigroup started coverage on Ryder System in a research note on Monday, September 22nd. They set a “buy” rating and a $217.00 price objective for the company. Finally, Wall Street Zen upgraded Ryder System from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $195.89.

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.