Ryder System, Inc. $R Position Boosted by Prudential Financial Inc.

Prudential Financial Inc. lifted its stake in Ryder System, Inc. (NYSE:R) by 3.0% in the second quarter, Holdings Channel.com reports. The firm owned 106,766 shares of the transportation company’s stock after acquiring an additional 3,119 shares during the quarter. Prudential Financial Inc.’s holdings in Ryder System were worth $16,976,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its stake in Ryder System by 16.2% in the 1st quarter. Wellington Management Group LLP now owns 2,984,836 shares of the transportation company’s stock valued at $429,249,000 after buying an additional 415,103 shares during the period. Valeo Financial Advisors LLC grew its holdings in shares of Ryder System by 51,455.2% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,868,534 shares of the transportation company’s stock valued at $456,097,000 after acquiring an additional 2,862,970 shares in the last quarter. LSV Asset Management increased its stake in shares of Ryder System by 0.3% in the first quarter. LSV Asset Management now owns 1,456,453 shares of the transportation company’s stock worth $209,453,000 after acquiring an additional 4,912 shares during the last quarter. Orbis Allan Gray Ltd raised its holdings in shares of Ryder System by 0.9% during the first quarter. Orbis Allan Gray Ltd now owns 870,959 shares of the transportation company’s stock worth $125,253,000 after acquiring an additional 7,429 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in Ryder System by 1.4% during the second quarter. American Century Companies Inc. now owns 858,254 shares of the transportation company’s stock valued at $136,462,000 after purchasing an additional 11,483 shares during the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Citigroup assumed coverage on Ryder System in a research report on Monday, September 22nd. They issued a “buy” rating and a $217.00 target price on the stock. Wall Street Zen raised shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Barclays boosted their target price on shares of Ryder System from $190.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. JPMorgan Chase & Co. raised their price target on shares of Ryder System from $194.00 to $197.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Ryder System in a report on Wednesday, October 8th. One equities 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $195.89.

Ryder System Price Performance

NYSE R opened at $172.62 on Thursday. Ryder System, Inc. has a 1 year low of $125.54 and a 1 year high of $195.48. The company has a fifty day simple moving average of $176.76 and a 200 day simple moving average of $171.80. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.35. The company has a market cap of $6.97 billion, a P/E ratio of 14.58 and a beta of 1.05.

Ryder System (NYSE:R) last released its earnings results on Thursday, October 23rd. The transportation company reported $3.57 earnings per share for the quarter, topping analysts’ consensus estimates of $3.56 by $0.01. Ryder System had a net margin of 3.96% and a return on equity of 17.69%. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $3.19 billion. During the same quarter in the previous year, the business earned $3.44 EPS. The business’s revenue was up .1% on a year-over-year basis. 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, sell-side analysts predict that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Announces Dividend

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 $0.91 dividend. The ex-dividend date of this dividend 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 (DPR) is 30.74%.

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.