Oppenheimer Asset Management Inc. Has $1.69 Million Holdings in Ryder System, Inc. $R

Oppenheimer Asset Management Inc. lessened its position in shares of Ryder System, Inc. (NYSE:R) by 2.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,612 shares of the transportation company’s stock after selling 250 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Ryder System were worth $1,687,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of R. TCTC Holdings LLC grew its holdings in Ryder System by 116.5% during the 1st quarter. TCTC Holdings LLC now owns 223 shares of the transportation company’s stock worth $32,000 after acquiring an additional 120 shares during the period. IFP Advisors Inc boosted its position in shares of Ryder System by 103.6% during the 2nd quarter. IFP Advisors Inc now owns 224 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 114 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new stake in Ryder System during the second quarter worth approximately $37,000. Geneos Wealth Management Inc. increased its holdings in Ryder System by 61.2% in the first quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company’s stock worth $41,000 after purchasing an additional 109 shares in the last quarter. Finally, Harbor Asset Planning Inc. bought a new stake in Ryder System in the second quarter worth approximately $59,000. Institutional investors own 87.47% of the company’s stock.

Ryder System Stock Performance

Shares of R stock opened at $169.39 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.35. The firm has a fifty day simple moving average of $183.77 and a two-hundred day simple moving average of $167.78. Ryder System, Inc. has a 12 month low of $125.54 and a 12 month high of $195.48. The firm has a market capitalization of $6.84 billion, a PE ratio of 14.31 and a beta of 1.00.

Ryder System (NYSE:R) last released its quarterly earnings data on Thursday, October 23rd. The transportation company reported $3.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.56 by $0.01. The firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.19 billion. Ryder System had a net margin of 3.96% and a return on equity of 17.69%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the firm earned $3.44 earnings per share. Ryder System has set its Q4 2025 guidance at 3.500-3.700 EPS. FY 2025 guidance at 12.850-13.050 EPS. Analysts forecast that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Monday, November 17th will be paid a dividend of $0.91 per share. The ex-dividend date is Monday, November 17th. This represents a $3.64 dividend on an annualized basis and a yield of 2.1%. Ryder System’s payout ratio is 30.74%.

Analysts Set New Price Targets

A number of research firms have issued reports on R. Citigroup started coverage on Ryder System in a report on Monday, September 22nd. They set a “buy” rating and a $217.00 price target on the stock. JPMorgan Chase & Co. increased their target price on shares of Ryder System from $194.00 to $197.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Robert W. Baird raised their price target on shares of Ryder System from $186.00 to $192.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. Susquehanna started coverage on shares of Ryder System in a report on Tuesday, July 15th. They set a “positive” rating and a $215.00 price objective on the stock. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Ryder System in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.89.

Insiders Place Their Bets

In other news, SVP Sanford J. Hodes sold 532 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $187.48, for a total value of $99,739.36. Following the completion of the sale, the senior vice president directly owned 24,452 shares of the company’s stock, valued at $4,584,260.96. This represents a 2.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Thomas M. Havens sold 6,500 shares of the firm’s stock in a transaction that occurred on 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 owned 32,478 shares in the company, valued at $5,903,526.06. This represents a 16.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 12,532 shares of company stock valued at $2,309,634. Corporate insiders own 5.20% of the company’s stock.

About Ryder System

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.