Pacific Heights Asset Management LLC Has $18.86 Million Stock Holdings in Ryder System, Inc. $R

Pacific Heights Asset Management LLC grew its stake in shares of Ryder System, Inc. (NYSE:R) by 20.5% in the third quarter, HoldingsChannel.com reports. The fund owned 100,000 shares of the transportation company’s stock after acquiring an additional 17,000 shares during the quarter. Pacific Heights Asset Management LLC’s holdings in Ryder System were worth $18,864,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Royal Bank of Canada raised its stake in Ryder System by 52.8% in the first quarter. Royal Bank of Canada now owns 15,765 shares of the transportation company’s stock valued at $2,267,000 after purchasing an additional 5,448 shares in the last quarter. Focus Partners Wealth raised its position in shares of Ryder System by 7.9% in the 1st quarter. Focus Partners Wealth now owns 1,851 shares of the transportation company’s stock valued at $266,000 after buying an additional 135 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Ryder System by 61.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company’s stock worth $41,000 after acquiring an additional 109 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Ryder System by 3.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,544 shares of the transportation company’s stock worth $1,123,000 after acquiring an additional 239 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Ryder System by 106.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 971 shares of the transportation company’s stock worth $154,000 after acquiring an additional 501 shares in the last quarter. Institutional investors own 87.47% of the company’s stock.

Wall Street Analyst Weigh In

R has been the topic of several recent analyst reports. 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. Wall Street Zen raised Ryder System from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. JPMorgan Chase & Co. raised their price target on shares of Ryder System from $194.00 to $197.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ryder System in a report on Wednesday, October 8th. Finally, Barclays upped their price objective on shares of Ryder System from $190.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Ryder System currently has a consensus rating of “Moderate Buy” and an average price target of $205.67.

Ryder System Price Performance

Shares of NYSE:R opened at $190.94 on Tuesday. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.02 and a current ratio of 1.02. Ryder System, Inc. has a 52 week low of $125.54 and a 52 week high of $200.53. The firm has a market cap of $7.71 billion, a PE ratio of 16.13 and a beta of 0.96. The firm’s fifty day moving average is $184.29 and its 200-day moving average is $181.30.

Ryder System (NYSE:R) last announced its earnings results on Thursday, October 23rd. The transportation company reported $3.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.56 by $0.01. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $3.19 billion. Ryder System had a return on equity of 17.69% and a net margin of 3.96%.Ryder System’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the company earned $3.44 EPS. Ryder System has set its Q4 2025 guidance at 3.500-3.700 EPS and its FY 2025 guidance at 12.850-13.050 EPS. Sell-side analysts predict that Ryder System, Inc. will post 13.68 earnings per share for the current year.

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.