Courier Capital LLC Lowers Stock Holdings in Ryder System, Inc. $R

by · The Cerbat Gem

Courier Capital LLC lessened its holdings in Ryder System, Inc. (NYSE:R – Free Report) by 1.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,436 shares of the transportation company’s stock after selling 162 shares during the quarter. Courier Capital LLC’s holdings in Ryder System were worth $2,295,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Belmont Capital LLC boosted its holdings in Ryder System by 5.0% in the 1st quarter. Belmont Capital LLC now owns 1,737 shares of the transportation company’s stock valued at $250,000 after purchasing an additional 83 shares in the last quarter. Redwood Investment Management LLC boosted its holdings in Ryder System by 1.0% in the 1st quarter. Redwood Investment Management LLC now owns 9,186 shares of the transportation company’s stock valued at $1,321,000 after purchasing an additional 94 shares in the last quarter. Ballentine Partners LLC lifted its position in shares of Ryder System by 6.5% during the 2nd quarter. Ballentine Partners LLC now owns 1,550 shares of the transportation company’s stock valued at $246,000 after acquiring an additional 95 shares during the period. Louisiana State Employees Retirement System lifted its position in shares of Ryder System by 0.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the transportation company’s stock valued at $1,697,000 after acquiring an additional 100 shares during the period. Finally, SummerHaven Investment Management LLC lifted its position in shares of Ryder System by 1.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 6,637 shares of the transportation company’s stock valued at $1,055,000 after acquiring an additional 103 shares during the period. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on R. Wolfe Research upgraded shares of Ryder System from a “peer perform” rating to an “outperform” rating and set a $159.00 price target for the company in a research report on Tuesday, July 1st. Susquehanna started coverage on Ryder System in a research report on Tuesday, July 15th. They set a “positive” rating and a $215.00 price objective for the company. Barclays lifted their price objective on Ryder System from $190.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Wall Street Zen upgraded Ryder System from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Finally, Morgan Stanley lifted their price objective on Ryder System from $175.00 to $190.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. One investment 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $193.22.

Read Our Latest Research Report on Ryder System

Insider Activity at Ryder System

In other news, CFO Cristina Gallo-Aquino sold 1,000 shares of the business’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $180.87, for a total transaction of $180,870.00. Following the completion of the sale, the chief financial officer directly owned 26,561 shares of the company’s stock, valued at $4,804,088.07. The trade was a 3.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Steve W. Martin sold 5,500 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $186.98, for a total transaction of $1,028,390.00. Following the sale, the executive vice president directly owned 24,235 shares of the company’s stock, valued at $4,531,460.30. This represents a 18.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,618 shares of company stock worth $7,587,997. 5.20% of the stock is owned by corporate insiders.

Ryder System Stock Up 1.8%

R stock opened at $179.68 on Tuesday. The stock has a market capitalization of $7.33 billion, a P/E ratio of 15.28 and a beta of 1.00. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.82 and a current ratio of 0.82. Ryder System, Inc. has a one year low of $125.54 and a one year high of $195.48. The company has a 50 day moving average price of $184.74 and a two-hundred day moving average price of $164.71.

Ryder System (NYSE:R – Get Free Report) last released its earnings results on Thursday, July 24th. The transportation company reported $3.32 EPS for the quarter, topping the consensus estimate of $3.11 by $0.21. The firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.17 billion. Ryder System had a net margin of 3.99% and a return on equity of 17.83%. Ryder System’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the company earned $3.00 EPS. Ryder System has set its Q3 2025 guidance at 3.450-3.650 EPS. FY 2025 guidance at 12.850-13.300 EPS. As a group, sell-side analysts expect that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Monday, November 17th will be paid 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 2.0%. Ryder System’s payout ratio is currently 30.95%.

Ryder System Company Profile

(Free Report)

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.

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