Arrowstreet Capital Limited Partnership Sells 17,740 Shares of Ryder System, Inc. $R

Arrowstreet Capital Limited Partnership trimmed its stake in shares of Ryder System, Inc. (NYSE:R) by 4.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 409,569 shares of the transportation company’s stock after selling 17,740 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Ryder System were worth $65,121,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Hantz Financial Services Inc. lifted its holdings in Ryder System by 770.0% in the second quarter. Hantz Financial Services Inc. now owns 174 shares of the transportation company’s stock valued at $28,000 after buying an additional 154 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Ryder System by 237.0% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 182 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 128 shares during the period. MAI Capital Management lifted its stake in shares of Ryder System by 57.6% in the 2nd quarter. MAI Capital Management now owns 186 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 68 shares during the period. Employees Retirement System of Texas bought a new position in shares of Ryder System in the 2nd quarter worth $35,000. Finally, IFP Advisors Inc grew its stake in shares of Ryder System by 103.6% during the second quarter. IFP Advisors Inc now owns 224 shares of the transportation company’s stock worth $36,000 after purchasing an additional 114 shares during the period. 87.47% of the stock is currently owned by institutional investors.

Ryder System Stock Performance

NYSE:R opened at $180.02 on Friday. The stock has a 50 day simple moving average of $175.52 and a 200 day simple moving average of $172.38. The stock has a market cap of $7.27 billion, a P/E ratio of 15.20 and a beta of 0.97. Ryder System, Inc. has a 1-year low of $125.54 and a 1-year high of $195.48. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.35.

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 analysts’ consensus estimates of $3.56 by $0.01. Ryder System had a net margin of 3.96% and a return on equity of 17.69%. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $3.19 billion. During the same period last year, the firm earned $3.44 earnings per share. Ryder System’s revenue for the quarter was up .1% compared to the same quarter last year. 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. Research analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Monday, November 17th will be given a $0.91 dividend. The ex-dividend date is Monday, November 17th. This represents a $3.64 annualized dividend and a yield of 2.0%. Ryder System’s dividend payout ratio (DPR) is currently 30.74%.

Analysts Set New Price Targets

Several brokerages have commented on R. Wall Street Zen raised shares of Ryder System from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Barclays upped 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. Citigroup began coverage on Ryder System in a report on Monday, September 22nd. They set a “buy” rating and a $217.00 target price on the stock. JPMorgan Chase & Co. increased their price target on Ryder System from $194.00 to $197.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Ryder System in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $195.89.

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.