Trust Co. of Toledo NA OH Takes $37,000 Position in Ryder System, Inc. $R

Trust Co. of Toledo NA OH purchased a new stake in shares of Ryder System, Inc. (NYSE:R) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 232 shares of the transportation company’s stock, valued at approximately $37,000.

A number of other institutional investors and hedge funds have also modified their holdings of R. Belmont Capital LLC increased its stake in shares of Ryder System by 5.0% in the first quarter. Belmont Capital LLC now owns 1,737 shares of the transportation company’s stock worth $250,000 after acquiring an additional 83 shares during the last quarter. Redwood Investment Management LLC increased its stake in shares of Ryder System by 1.0% in the first quarter. Redwood Investment Management LLC now owns 9,186 shares of the transportation company’s stock worth $1,321,000 after acquiring an additional 94 shares during the last quarter. Ballentine Partners LLC increased its stake in shares of Ryder System by 6.5% in the second quarter. Ballentine Partners LLC now owns 1,550 shares of the transportation company’s stock worth $246,000 after acquiring an additional 95 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Ryder System by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the transportation company’s stock worth $1,697,000 after acquiring an additional 100 shares during the last quarter. Finally, SummerHaven Investment Management LLC increased its stake in shares of Ryder System by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 6,637 shares of the transportation company’s stock worth $1,055,000 after acquiring an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Ryder System Stock Up 1.8%

R stock opened at $179.68 on Tuesday. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.82 and a quick ratio of 0.82. Ryder System, Inc. has a 52-week low of $125.54 and a 52-week high of $195.48. The company has a 50-day moving average of $184.74 and a two-hundred day moving average of $164.71. The stock has a market capitalization of $7.33 billion, a price-to-earnings ratio of 15.28 and a beta of 1.00.

Ryder System (NYSE:R) last released its quarterly earnings results on Thursday, July 24th. The transportation company reported $3.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.11 by $0.21. Ryder System had a net margin of 3.99% and a return on equity of 17.83%. The company had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same period in the prior year, the company earned $3.00 earnings per share. The business’s quarterly revenue was up .2% compared to the same quarter last year. 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, equities research analysts anticipate that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Dividend Announcement

The company also recently declared 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. This represents a $3.64 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Monday, November 17th. Ryder System’s dividend payout ratio is 30.95%.

Insider Activity at Ryder System

In other Ryder System news, CFO Cristina Gallo-Aquino sold 1,000 shares of the company’s stock in a transaction dated 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 in the company, valued at $4,804,088.07. This represents a 3.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Sanford J. Hodes sold 532 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $187.48, for a total transaction of $99,739.36. Following the sale, the senior vice president owned 24,452 shares of the company’s stock, valued at $4,584,260.96. This trade represents a 2.13% 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 valued at $7,587,997. 5.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

R has been the topic of a number of research reports. Baird R W raised shares of Ryder System to a “strong-buy” rating in a research note on Tuesday, July 1st. Barclays upped their price target on shares of Ryder System from $190.00 to $220.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Stephens upped their price objective on shares of Ryder System from $150.00 to $190.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. JPMorgan Chase & Co. upped their price objective on shares of Ryder System from $165.00 to $173.00 and gave the stock a “neutral” rating in a report on Tuesday, July 8th. Finally, Morgan Stanley upped their price objective on shares of Ryder System from $175.00 to $190.00 and gave the stock an “overweight” rating in a 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 company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $193.22.

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.