Harbor Asset Planning Inc. Takes Position in Ryder System, Inc. $R

Harbor Asset Planning Inc. bought a new stake in Ryder System, Inc. (NYSE:R) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 369 shares of the transportation company’s stock, valued at approximately $59,000.

Other large investors also recently modified their holdings of the company. State of Alaska Department of Revenue lifted its holdings in shares of Ryder System by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 4,928 shares of the transportation company’s stock valued at $708,000 after purchasing an additional 105 shares in the last quarter. DAVENPORT & Co LLC bought a new position in shares of Ryder System in the first quarter valued at approximately $557,000. GAMMA Investing LLC lifted its holdings in shares of Ryder System by 41.8% in the first quarter. GAMMA Investing LLC now owns 1,278 shares of the transportation company’s stock valued at $184,000 after purchasing an additional 377 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of Ryder System in the first quarter valued at approximately $4,721,000. Finally, Voya Investment Management LLC lifted its holdings in shares of Ryder System by 34.4% in the first quarter. Voya Investment Management LLC now owns 42,782 shares of the transportation company’s stock valued at $6,152,000 after purchasing an additional 10,957 shares in the last quarter. Institutional investors own 87.47% of the company’s stock.

Ryder System Stock Performance

NYSE:R opened at $182.47 on Friday. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.82 and a quick ratio of 0.82. The business has a fifty day simple moving average of $185.05 and a two-hundred day simple moving average of $165.22. Ryder System, Inc. has a 1 year low of $125.54 and a 1 year high of $195.48. The company has a market capitalization of $7.44 billion, a P/E ratio of 15.52 and a beta of 1.00.

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

Ryder System Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Stockholders 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 dividend yield of 2.0%. Ryder System’s payout ratio is 30.95%.

Insider Buying and Selling

In other news, insider Thomas M. Havens sold 6,500 shares of Ryder System stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $181.77, for a total value of $1,181,505.00. Following the completion of the transaction, the insider directly owned 32,478 shares in the company, valued at approximately $5,903,526.06. The trade was a 16.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert E. Sanchez sold 22,063 shares of Ryder System stock in a transaction on Monday, July 28th. The shares were sold at an average price of $182.49, for a total value of $4,026,276.87. Following the completion of the transaction, the chief executive officer owned 62,887 shares of the company’s stock, valued at approximately $11,476,248.63. This trade represents a 25.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,618 shares of company stock valued at $7,587,997 in the last 90 days. Corporate insiders own 5.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on R shares. Citigroup started coverage on Ryder System in a research report on Monday, September 22nd. They set a “buy” rating and a $217.00 price target for the company. Stephens increased their price target on Ryder System from $150.00 to $190.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ryder System in a research report on Wednesday, October 8th. Wall Street Zen raised Ryder System from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Finally, Morgan Stanley increased their price target on Ryder System from $175.00 to $190.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.