Cambridge Financial Group Inc. Lowers Stock Position in Ryder System, Inc. $R

Cambridge Financial Group Inc. reduced its stake in Ryder System, Inc. (NYSE:R) by 25.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,283 shares of the transportation company’s stock after selling 14,587 shares during the period. Ryder System makes up approximately 3.5% of Cambridge Financial Group Inc.’s investment portfolio, making the stock its 8th biggest position. Cambridge Financial Group Inc. owned about 0.11% of Ryder System worth $6,882,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Belmont Capital LLC raised 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 acquiring an additional 83 shares in the last quarter. Redwood Investment Management LLC raised its stake in Ryder System by 1.0% in the first 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 Ryder System by 6.5% during the second quarter. Ballentine Partners LLC now owns 1,550 shares of the transportation company’s stock worth $246,000 after purchasing an additional 95 shares during the period. Louisiana State Employees Retirement System grew its stake in Ryder System by 0.9% during the first quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the transportation company’s stock worth $1,697,000 after buying an additional 100 shares in the last quarter. Finally, SummerHaven Investment Management LLC grew its stake in Ryder System by 1.6% during the second quarter. SummerHaven Investment Management LLC now owns 6,637 shares of the transportation company’s stock worth $1,055,000 after buying an additional 103 shares in the last quarter. Institutional investors own 87.47% of the company’s stock.

Insider Activity

In other Ryder System news, SVP Sanford J. Hodes sold 532 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $4,584,260.96. The trade was a 2.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Thomas M. Havens sold 6,500 shares of the firm’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $181.77, for a total transaction of $1,181,505.00. Following the transaction, the insider directly owned 32,478 shares of the company’s stock, valued at $5,903,526.06. The trade was a 16.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 12,532 shares of company stock valued at $2,309,634 over the last quarter. 5.20% of the stock is owned by company insiders.

Ryder System Stock Performance

NYSE R opened at $169.23 on Monday. The firm’s fifty day moving average price is $181.56 and its two-hundred day moving average price is $169.47. The stock has a market cap of $6.83 billion, a PE ratio of 14.29 and a beta of 1.05. Ryder System, Inc. has a fifty-two week low of $125.54 and a fifty-two week high of $195.48. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.02 and a current ratio of 1.02.

Ryder System (NYSE:R) last announced its quarterly earnings results on Thursday, October 23rd. The transportation company reported $3.57 EPS for the quarter, beating analysts’ consensus estimates of $3.56 by $0.01. Ryder System had a return on equity of 17.69% and a net margin of 3.96%.The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $3.19 billion. During the same period in the prior year, the company earned $3.44 EPS. Ryder System’s revenue was up .1% compared to the same quarter last year. 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, equities analysts expect that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Monday, November 17th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Monday, November 17th. Ryder System’s payout ratio is 30.74%.

Wall Street Analyst Weigh In

R has been the subject of a number of recent analyst reports. Stephens upped their price target 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. Barclays boosted their price objective on shares of Ryder System from $190.00 to $220.00 and gave the company an “overweight” rating in a research report on Thursday, October 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Ryder System in a research note on Wednesday, October 8th. Citigroup started coverage on Ryder System in a report on Monday, September 22nd. They issued a “buy” rating and a $217.00 target price on the stock. Finally, Wall Street Zen raised Ryder System from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. One 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $195.89.

About Ryder System

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.