Valeo Financial Advisors LLC Purchases 2,862,970 Shares of Ryder System, Inc. $R

Valeo Financial Advisors LLC lifted its holdings in Ryder System, Inc. (NYSE:R) by 51,455.2% during the 2nd quarter, Holdings Channel reports. The fund owned 2,868,534 shares of the transportation company’s stock after acquiring an additional 2,862,970 shares during the quarter. Ryder System makes up approximately 1.4% of Valeo Financial Advisors LLC’s portfolio, making the stock its 13th biggest position. Valeo Financial Advisors LLC owned about 0.07% of Ryder System worth $456,097,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. QRG Capital Management Inc. boosted its stake in Ryder System by 7.7% in the second quarter. QRG Capital Management Inc. now owns 21,414 shares of the transportation company’s stock worth $3,405,000 after purchasing an additional 1,535 shares in the last quarter. Truist Financial Corp raised its holdings in shares of Ryder System by 16.0% in the second quarter. Truist Financial Corp now owns 20,670 shares of the transportation company’s stock valued at $3,287,000 after buying an additional 2,857 shares during the last quarter. SummerHaven Investment Management LLC lifted its position in Ryder System by 1.6% during the 2nd 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. Signaturefd LLC lifted its position in Ryder System by 25.0% during the 2nd quarter. Signaturefd LLC now owns 739 shares of the transportation company’s stock worth $118,000 after buying an additional 148 shares in the last quarter. Finally, Ballentine Partners LLC grew its holdings in Ryder System by 6.5% during the 2nd quarter. Ballentine Partners LLC now owns 1,550 shares of the transportation company’s stock worth $246,000 after acquiring an additional 95 shares during the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.

Ryder System Stock Up 1.4%

Shares of Ryder System stock opened at $193.20 on Monday. The business has a fifty day simple moving average of $183.92 and a 200 day simple moving average of $162.98. The stock has a market cap of $7.88 billion, a PE ratio of 16.43 and a beta of 1.00. 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, Inc. has a 12 month low of $125.54 and a 12 month high of $195.17.

Ryder System (NYSE:R) last issued its earnings results on Thursday, July 24th. The transportation company reported $3.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.11 by $0.21. The firm had revenue of $3.19 billion for 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 revenue was up .2% compared to the same quarter last year. During the same quarter last 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. Research analysts predict that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Monday, August 18th were paid a $0.91 dividend. The ex-dividend date of this dividend was Monday, August 18th. This is a boost from Ryder System’s previous quarterly dividend of $0.81. This represents a $3.64 annualized dividend and a yield of 1.9%. Ryder System’s payout ratio is currently 30.95%.

Insider Buying and Selling

In other Ryder System news, SVP Sanford J. Hodes sold 532 shares of Ryder System stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $187.48, for a total transaction of $99,739.36. Following the transaction, the senior vice president directly owned 24,452 shares in the company, valued at approximately $4,584,260.96. The trade was a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Thomas M. Havens sold 6,500 shares of the business’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $181.77, for a total value of $1,181,505.00. Following the completion of the transaction, the insider directly owned 32,478 shares of the company’s stock, valued at approximately $5,903,526.06. The trade was a 16.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,618 shares of company stock valued at $7,587,997. 5.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Susquehanna assumed coverage on shares of Ryder System in a research note on Tuesday, July 15th. They issued a “positive” rating and a $215.00 target price for the company. Wall Street Zen upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Friday. Robert W. Baird upped their price objective on Ryder System from $186.00 to $192.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. JPMorgan Chase & Co. lifted their target price on Ryder System from $165.00 to $173.00 and gave the company a “neutral” rating in a research note on Tuesday, July 8th. Finally, Barclays boosted their target price on Ryder System from $190.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $193.22.

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.