Earnest Partners LLC Sells 12,879 Shares of Ryder System, Inc. $R

Earnest Partners LLC decreased its stake in Ryder System, Inc. (NYSE:R) by 0.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,859,089 shares of the transportation company’s stock after selling 12,879 shares during the quarter. Ryder System accounts for about 1.5% of Earnest Partners LLC’s investment portfolio, making the stock its 9th largest holding. Earnest Partners LLC’s holdings in Ryder System were worth $350,699,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Root Financial Partners LLC purchased a new stake in Ryder System during the third quarter valued at about $28,000. Mitsubishi UFJ Asset Management Co. Ltd. increased 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 worth $29,000 after acquiring an additional 128 shares in the last quarter. MAI Capital Management raised its holdings in shares of Ryder System by 57.6% during the second quarter. MAI Capital Management now owns 186 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 68 shares during the period. Assetmark Inc. raised its holdings in shares of Ryder System by 421.9% during the third quarter. Assetmark Inc. now owns 167 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 135 shares during the period. Finally, Employees Retirement System of Texas purchased a new stake in shares of Ryder System in the 2nd quarter valued at approximately $35,000. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Insider Activity

In other Ryder System news, CEO Robert E. Sanchez sold 41,779 shares of the company’s stock in a transaction dated 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 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO John J. Diez sold 9,632 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $222.20, for a total value of $2,140,230.40. Following the sale, the chief operating officer directly owned 183,810 shares of the company’s stock, valued at $40,842,582. This trade represents a 4.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 130,673 shares of company stock valued at $28,233,471. 5.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

R has been the topic of several research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Ryder System in a research report on Thursday, January 22nd. Wells Fargo & Company increased their target price on Ryder System from $210.00 to $236.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Wolfe Research reaffirmed a “peer perform” rating on shares of Ryder System in a research report on Thursday, January 8th. Citigroup lifted their price target on Ryder System from $218.00 to $245.00 and gave the company a “buy” rating in a report on Friday, February 13th. Finally, Morgan Stanley upped their price target on Ryder System from $190.00 to $250.00 and gave the company an “overweight” rating in a research report on Monday, December 8th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Ryder System presently has an average rating of “Moderate Buy” and an average price target of $215.44.

Ryder System Stock Performance

Shares of R opened at $188.05 on Friday. The company has a market capitalization of $7.41 billion, a PE ratio of 15.71 and a beta of 0.93. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.89 and a current ratio of 0.89. The company’s 50 day moving average price is $203.54 and its 200 day moving average price is $189.53. Ryder System, Inc. has a 52 week low of $125.54 and a 52 week high of $230.38.

Ryder System (NYSE:R) last released its earnings results on Wednesday, February 11th. The transportation company reported $3.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.66 by ($0.07). The company had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $3.21 billion. Ryder System had a return on equity of 17.70% and a net margin of 3.95%.The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.45 EPS. 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. Research analysts expect that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Tuesday, February 17th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Tuesday, February 17th. Ryder System’s dividend payout ratio (DPR) is currently 30.41%.

Ryder System 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.