Victory Capital Management Inc. Sells 13,143 Shares of Ryder System, Inc. $R

Victory Capital Management Inc. lowered its position in Ryder System, Inc. (NYSE:R) by 4.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 301,710 shares of the transportation company’s stock after selling 13,143 shares during the period. Victory Capital Management Inc. owned 0.75% of Ryder System worth $56,915,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in R. Norges Bank bought a new stake in shares of Ryder System during the second quarter valued at approximately $103,814,000. First Trust Advisors LP lifted its holdings in shares of Ryder System by 21.8% in the 2nd quarter. First Trust Advisors LP now owns 793,527 shares of the transportation company’s stock worth $126,171,000 after purchasing an additional 141,872 shares in the last quarter. Orbis Allan Gray Ltd grew its position in Ryder System by 15.4% in the 2nd quarter. Orbis Allan Gray Ltd now owns 1,005,382 shares of the transportation company’s stock valued at $159,856,000 after purchasing an additional 134,423 shares during the period. Treasurer of the State of North Carolina increased its stake in Ryder System by 294.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 160,242 shares of the transportation company’s stock valued at $25,478,000 after purchasing an additional 119,618 shares in the last quarter. Finally, Bahl & Gaynor Inc. raised its holdings in Ryder System by 149.0% during the second quarter. Bahl & Gaynor Inc. now owns 145,700 shares of the transportation company’s stock worth $23,166,000 after buying an additional 87,197 shares during the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on R. Wells Fargo & Company raised their price objective on shares of Ryder System from $210.00 to $236.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Wolfe Research restated a “peer perform” rating on shares of Ryder System in a report on Thursday, January 8th. Susquehanna raised their price target on shares of Ryder System from $235.00 to $250.00 and gave the company a “positive” rating in a research report on Friday, February 13th. Morgan Stanley lifted their price target on Ryder System from $190.00 to $250.00 and gave the company an “overweight” rating in a research note on Monday, December 8th. Finally, Citigroup increased their price objective on Ryder System from $218.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $215.44.

Insider Transactions at Ryder System

In other news, CEO Robert E. Sanchez sold 41,779 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $223.30, for a total value of $9,329,250.70. Following the completion of the transaction, the chief executive officer directly owned 40,828 shares of the company’s stock, valued at $9,116,892.40. This represents a 50.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Rajeev Ravindran sold 14,367 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $211.73, for a total value of $3,041,924.91. Following the sale, the executive vice president directly owned 20,832 shares of the company’s stock, valued at $4,410,759.36. The trade was a 40.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 130,673 shares of company stock worth $28,233,471. 5.20% of the stock is owned by insiders.

Ryder System Stock Performance

Shares of R stock opened at $198.79 on Friday. The firm has a 50-day moving average of $203.36 and a 200-day moving average of $189.08. The company has a market cap of $7.84 billion, a P/E ratio of 16.61 and a beta of 0.93. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.89 and a quick ratio of 0.89. Ryder System, Inc. has a one year low of $125.54 and a one year high of $230.38.

Ryder System (NYSE:R) last released its quarterly earnings results on Wednesday, February 11th. The transportation company reported $3.59 earnings per share for the quarter, missing analysts’ consensus estimates of $3.66 by ($0.07). Ryder System had a net margin of 3.95% and a return on equity of 17.70%. The firm had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $3.21 billion. During the same period in the previous year, the business earned $3.45 earnings per share. The firm’s revenue for the quarter was down .4% on a year-over-year basis. Ryder System has set its FY 2026 guidance at 13.450-14.450 EPS and its Q1 2026 guidance at 2.100-2.350 EPS. Equities research analysts forecast that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Tuesday, February 17th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Tuesday, February 17th. Ryder System’s payout ratio is presently 30.41%.

Ryder System Company Profile

Ryder System, Inc is a leading provider of transportation and supply chain management solutions, serving commercial customers across a range of industries. The company’s Fleet Management Solutions segment offers full-service leasing and rental of medium- and heavy-duty trucks, tractors and trailers, along with maintenance and repair services at its network of service locations. Its Supply Chain Solutions segment provides integrated, technology-driven offerings that span managed transportation, dedicated contract carriage, warehousing and distribution, and e-commerce fulfillment.

Founded in 1933 and headquartered in Miami, Florida, Ryder has grown from a regional truck leasing operation into a diversified, global logistics provider.