Victory Capital Management Inc. Cuts Stake in Ryder System, Inc. $R

Victory Capital Management Inc. lessened its stake in shares of Ryder System, Inc. (NYSE:R) by 4.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 301,710 shares of the transportation company’s stock after selling 13,143 shares during the quarter. Victory Capital Management Inc.’s holdings in Ryder System were worth $56,915,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in R. Root Financial Partners LLC purchased a new position in Ryder System in the third quarter valued at about $28,000. Assetmark Inc. increased its stake in shares of Ryder System by 421.9% during the 3rd quarter. Assetmark Inc. now owns 167 shares of the transportation company’s stock worth $32,000 after purchasing an additional 135 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in shares of 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 period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Ryder System by 237.0% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 182 shares of the transportation company’s stock worth $29,000 after purchasing an additional 128 shares during the period. Finally, MAI Capital Management lifted its stake in Ryder System by 57.6% in the second quarter. MAI Capital Management now owns 186 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 68 shares during the last quarter. Institutional investors own 87.47% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on R. Citigroup raised their target price on Ryder System from $218.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. 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. Wolfe Research reiterated a “peer perform” rating on shares of Ryder System in a research note on Thursday, January 8th. Susquehanna boosted their price objective on Ryder System from $235.00 to $250.00 and gave the company a “positive” rating in a research note on Friday, February 13th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ryder System in a report on Thursday, January 22nd. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $215.44.

Insider Transactions at Ryder System

In other news, COO John J. Diez sold 9,632 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $222.20, for a total value of $2,140,230.40. Following the completion of the transaction, the chief operating officer directly owned 183,810 shares in the company, valued at approximately $40,842,582. This trade represents a 4.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas M. Havens sold 12,571 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $221.65, for a total transaction of $2,786,362.15. Following the transaction, the insider directly owned 33,074 shares of the company’s stock, valued at approximately $7,330,852.10. This represents a 27.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 130,673 shares of company stock valued at $28,233,471. Company insiders own 5.20% of the company’s stock.

Ryder System Trading Down 5.5%

Shares of R stock opened at $198.79 on Friday. The stock has a market capitalization of $7.84 billion, a price-to-earnings ratio of 16.61 and a beta of 0.93. The company’s fifty day simple moving average is $203.36 and its two-hundred day simple moving average is $189.08. Ryder System, Inc. has a 1 year low of $125.54 and a 1 year high of $230.38. 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 (NYSE:R) last announced its quarterly earnings results on Wednesday, February 11th. The transportation company reported $3.59 earnings per share for the quarter, missing the consensus estimate of $3.66 by ($0.07). Ryder System had a net margin of 3.95% and a return on equity of 17.70%. The company had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $3.21 billion. During the same quarter last year, the firm posted $3.45 earnings per share. Ryder System’s revenue for the quarter was down .4% compared to the same quarter last year. 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. As a group, analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Tuesday, February 17th will be given a dividend of $0.91 per share. The ex-dividend date is Tuesday, February 17th. This represents a $3.64 annualized dividend and a dividend yield of 1.8%. Ryder System’s dividend payout ratio 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.