Invesco Ltd. Sells 19,835 Shares of Ryder System, Inc. $R

Invesco Ltd. lessened its stake in shares of Ryder System, Inc. (NYSE:R) by 4.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 388,227 shares of the transportation company’s stock after selling 19,835 shares during the quarter. Invesco Ltd.’s holdings in Ryder System were worth $61,728,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Hantz Financial Services Inc. lifted its holdings in Ryder System by 770.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 174 shares of the transportation company’s stock worth $28,000 after purchasing an additional 154 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Ryder System by 237.0% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 182 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 128 shares during the period. MAI Capital Management lifted its stake in shares of Ryder System by 57.6% in the second quarter. MAI Capital Management now owns 186 shares of the transportation company’s stock worth $30,000 after buying an additional 68 shares during the last quarter. Employees Retirement System of Texas bought a new stake in shares of Ryder System during the 2nd quarter worth $35,000. Finally, IFP Advisors Inc grew its stake in Ryder System by 103.6% in the 2nd quarter. IFP Advisors Inc now owns 224 shares of the transportation company’s stock valued at $36,000 after buying an additional 114 shares during the last quarter. 87.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on R shares. 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 price objective on 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 target price on Ryder System from $194.00 to $197.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Wells Fargo & Company initiated coverage on Ryder System in a report on Friday, December 5th. They set an “overweight” rating and a $210.00 price target for the company. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Ryder System in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $203.30.

Ryder System Trading Up 4.2%

Ryder System stock opened at $194.18 on Thursday. The business has a 50 day moving average price of $175.51 and a two-hundred day moving average price of $173.53. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.35. Ryder System, Inc. has a 12 month low of $125.54 and a 12 month high of $195.48. The stock has a market cap of $7.84 billion, a price-to-earnings ratio of 16.40 and a beta of 0.97.

Ryder System (NYSE:R) last released its quarterly earnings data on Thursday, October 23rd. The transportation company reported $3.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.56 by $0.01. The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $3.19 billion. Ryder System had a return on equity of 17.69% and a net margin of 3.96%.Ryder System’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the business posted $3.44 earnings per share. Ryder System has set its Q4 2025 guidance at 3.500-3.700 EPS and its FY 2025 guidance at 12.850-13.050 EPS. As a group, equities analysts forecast that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, November 17th. Ryder System’s dividend payout ratio (DPR) is presently 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.