Rhumbline Advisers Reduces Stock Position in Ryder System, Inc. $R

by · The Markets Daily

Rhumbline Advisers decreased its stake in shares of Ryder System, Inc. (NYSE:R – Free Report) by 1.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 114,077 shares of the transportation company’s stock after selling 1,771 shares during the quarter. Rhumbline Advisers’ holdings in Ryder System were worth $18,138,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its stake in shares of Ryder System by 21.0% in the 2nd quarter. Franklin Resources Inc. now owns 132,559 shares of the transportation company’s stock worth $21,077,000 after acquiring an additional 22,994 shares during the last quarter. Brandywine Global Investment Management LLC purchased a new stake in shares of Ryder System in the second quarter valued at about $1,452,000. MAI Capital Management increased its position 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 during the last quarter. JPMorgan Chase & Co. raised its stake in Ryder System by 25.7% during the second quarter. JPMorgan Chase & Co. now owns 185,852 shares of the transportation company’s stock worth $29,550,000 after purchasing an additional 37,960 shares during the period. Finally, Entropy Technologies LP grew its stake in shares of Ryder System by 110.1% in the 2nd quarter. Entropy Technologies LP now owns 7,386 shares of the transportation company’s stock valued at $1,174,000 after buying an additional 3,870 shares during the period. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on R. JPMorgan Chase & Co. lifted their price target 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. Wall Street Zen upgraded Ryder System from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Barclays increased their price target on Ryder System from $190.00 to $220.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Ryder System in a report on Wednesday, October 8th. Finally, Citigroup assumed coverage on shares of Ryder System in a research report on Monday, September 22nd. They issued a “buy” rating and a $217.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $195.89.

Check Out Our Latest Stock Analysis on Ryder System

Ryder System Price Performance

R opened at $173.21 on Friday. The stock’s 50-day moving average price is $176.30 and its 200 day moving average price is $171.92. Ryder System, Inc. has a 12-month low of $125.54 and a 12-month high of $195.48. The firm has a market cap of $6.99 billion, a price-to-earnings ratio of 14.63 and a beta of 1.05. 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 – Get Free Report) last released its earnings results on Thursday, October 23rd. The transportation company reported $3.57 earnings per share for the quarter, beating the consensus estimate of $3.56 by $0.01. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $3.19 billion. Ryder System had a return on equity of 17.69% and a net margin of 3.96%.Ryder System’s revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the company posted $3.44 EPS. 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 expect that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Monday, November 17th will be issued a dividend of $0.91 per share. 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 dividend payout ratio is 30.74%.

About Ryder System

(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.

Featured Articles

Want to see what other hedge funds are holding R? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ryder System, Inc. (NYSE:R – Free Report).