Edgestream Partners L.P. Purchases Shares of 29,851 Ryder System, Inc. $R

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

Several other hedge funds and other institutional investors have also made changes to their positions in R. Hantz Financial Services Inc. lifted its stake in Ryder System by 770.0% during the second quarter. Hantz Financial Services Inc. now owns 174 shares of the transportation company’s stock worth $28,000 after purchasing an additional 154 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Ryder System by 237.0% in the second 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 last quarter. MAI Capital Management raised its holdings in Ryder System by 57.6% during the second quarter. MAI Capital Management now owns 186 shares of the transportation company’s stock worth $30,000 after purchasing an additional 68 shares in the last quarter. Employees Retirement System of Texas purchased a new stake in shares of Ryder System during the 2nd quarter worth approximately $35,000. Finally, IFP Advisors Inc lifted its position in shares of Ryder System by 103.6% during the 2nd quarter. IFP Advisors Inc now owns 224 shares of the transportation company’s stock worth $36,000 after buying an additional 114 shares during the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Price Performance

Shares of R opened at $172.01 on Wednesday. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.02 and a current ratio of 1.02. Ryder System, Inc. has a fifty-two week low of $125.54 and a fifty-two week high of $195.48. The firm has a 50-day simple moving average of $175.75 and a 200-day simple moving average of $172.29. The company has a market capitalization of $6.95 billion, a price-to-earnings ratio of 14.53 and a beta of 1.05.

Ryder System (NYSE:R) last issued its quarterly earnings results on Thursday, October 23rd. The transportation company reported $3.57 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $3.19 billion. During the same quarter in the previous year, the firm posted $3.44 EPS. The firm’s revenue for the quarter 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, equities research analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Dividend Announcement

The business 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 dividend of $0.91 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $3.64 annualized dividend and a dividend yield of 2.1%. Ryder System’s dividend payout ratio (DPR) is currently 30.74%.

Wall Street Analysts Forecast Growth

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