Sowell Financial Services LLC Sells 371 Shares of Ryder System, Inc. $R

Sowell Financial Services LLC reduced its position in Ryder System, Inc. (NYSE:R) by 13.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,420 shares of the transportation company’s stock after selling 371 shares during the quarter. Sowell Financial Services LLC’s holdings in Ryder System were worth $385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Wellington Management Group LLP boosted its position in shares of Ryder System by 16.2% during the first 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. GAMMA Investing LLC lifted its holdings in Ryder System by 20,298.3% during the 1st quarter. GAMMA Investing LLC now owns 183,789 shares of the transportation company’s stock valued at $26,431,000 after buying an additional 182,888 shares in the last quarter. Nuveen LLC purchased a new stake in Ryder System in the 1st quarter valued at about $18,204,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Ryder System in the 4th quarter worth about $16,317,000. Finally, Allianz Asset Management GmbH increased its position in shares of Ryder System by 29.0% during the first quarter. Allianz Asset Management GmbH now owns 304,195 shares of the transportation company’s stock worth $43,746,000 after acquiring an additional 68,316 shares during the period. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Susquehanna started coverage on Ryder System in a research note on Tuesday, July 15th. They issued a “positive” rating and a $215.00 price objective on the stock. Baird R W raised Ryder System to a “strong-buy” rating in a research report on Tuesday, July 1st. Wolfe Research upgraded Ryder System from a “peer perform” rating to an “outperform” rating and set a $159.00 price objective for the company in a report on Tuesday, July 1st. Stephens boosted their price target on shares of Ryder System from $150.00 to $190.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. Finally, Robert W. Baird boosted their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $189.89.

Ryder System Stock Performance

NYSE R opened at $184.81 on Friday. The business’s 50-day moving average price is $182.02 and its 200 day moving average price is $160.68. Ryder System, Inc. has a 52-week low of $125.54 and a 52-week high of $191.00. The firm has a market cap of $7.54 billion, a P/E ratio of 15.71 and a beta of 0.99. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 2.27.

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

Ryder System Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Monday, August 18th were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Monday, August 18th. This is a positive change from Ryder System’s previous quarterly dividend of $0.81. Ryder System’s dividend payout ratio (DPR) is presently 30.95%.

Insider Buying and Selling

In other Ryder System news, EVP Steve W. Martin sold 5,500 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $186.98, for a total transaction of $1,028,390.00. Following the completion of the transaction, the executive vice president owned 24,235 shares in the company, valued at approximately $4,531,460.30. The trade was a 18.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Sanford J. Hodes sold 532 shares of the firm’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 transaction, the senior vice president owned 24,452 shares of the company’s stock, valued at approximately $4,584,260.96. This trade represents a 2.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,618 shares of company stock valued at $7,587,997 over the last three months. Company insiders own 5.20% of the company’s stock.

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.