Ryder System, Inc. $R Shares Purchased by King Luther Capital Management Corp

King Luther Capital Management Corp grew its position in shares of Ryder System, Inc. (NYSE:R) by 19.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,111 shares of the transportation company’s stock after purchasing an additional 500 shares during the period. King Luther Capital Management Corp’s holdings in Ryder System were worth $495,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. acquired a new position in Ryder System during the 1st quarter worth about $4,721,000. Voya Investment Management LLC increased its stake in Ryder System by 34.4% during the first quarter. Voya Investment Management LLC now owns 42,782 shares of the transportation company’s stock worth $6,152,000 after purchasing an additional 10,957 shares during the period. Valeo Financial Advisors LLC lifted its position in shares of Ryder System by 51,455.2% during the second quarter. Valeo Financial Advisors LLC now owns 2,868,534 shares of the transportation company’s stock worth $456,097,000 after purchasing an additional 2,862,970 shares in the last quarter. Petrus Trust Company LTA acquired a new stake in shares of Ryder System during the first quarter worth about $203,000. Finally, United Services Automobile Association purchased a new position in shares of Ryder System in the first quarter valued at approximately $396,000. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Ryder System Stock Up 0.5%

Shares of NYSE R opened at $170.27 on Wednesday. The business has a 50-day moving average of $180.87 and a two-hundred day moving average of $169.92. The company has a market capitalization of $6.87 billion, a price-to-earnings ratio of 14.38 and a beta of 1.05. Ryder System, Inc. has a 1 year low of $125.54 and a 1 year high of $195.48. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.02 and a quick ratio of 1.02.

Ryder System (NYSE:R) last issued its earnings results on Thursday, October 23rd. The transportation company reported $3.57 earnings per share for the quarter, topping the consensus estimate of $3.56 by $0.01. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $3.19 billion. Ryder System had a return on equity of 17.69% and a net margin of 3.96%.The business’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the company earned $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. On average, analysts forecast that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Monday, November 17th will be issued a $0.91 dividend. The ex-dividend date is Monday, November 17th. This represents a $3.64 annualized dividend and a dividend yield of 2.1%. Ryder System’s dividend payout ratio is presently 30.74%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on R. Robert W. Baird upped their target price on shares of Ryder System from $186.00 to $192.00 and gave the stock an “outperform” rating in a research note on Monday, July 28th. Morgan Stanley boosted their price target on shares of Ryder System from $175.00 to $190.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Barclays increased their price objective on Ryder System from $190.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Wall Street Zen raised Ryder System from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Finally, Citigroup started coverage on Ryder System in a research report on Monday, September 22nd. They issued a “buy” rating and a $217.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $195.89.

Insiders Place Their Bets

In related news, SVP Sanford J. Hodes sold 532 shares of Ryder System stock in a transaction on 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 directly owned 24,452 shares in the company, valued at $4,584,260.96. This trade represents a 2.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 completion of the sale, the executive vice president directly owned 24,235 shares of the company’s stock, valued at approximately $4,531,460.30. This trade represents a 18.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 5.20% of the company’s stock.

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.