Riverview Capital Advisers LLC Acquires Shares of 29,079 Ryder System, Inc. $R

Riverview Capital Advisers LLC acquired 29,079 shares of Ryder System, Inc. in Q2, valued at $4.62 million, making it 1.3% of their portfolio. Ryder System's stock is rated as a 'Moderate Buy' with an average target price of $195.89. The company reported Q3 earnings of $3.57 per share, slightly above estimates, and announced a quarterly dividend of $0.91.

Riverview Capital Advisers LLC purchased a new position in shares of Ryder System, Inc. (NYSE:R - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 29,079 shares of the transportation company's stock, valued at approximately $4,624,000. Ryder System makes up approximately 1.3% of Riverview Capital Advisers LLC's investment portfolio, making the stock its 23rd largest position. Riverview Capital Advisers LLC owned approximately 0.07% of Ryder System as of its most recent SEC filing.

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A number of other large investors have also modified their holdings of the business. Valeo Financial Advisors LLC grew its holdings in Ryder System by 51,455.2% during the second quarter. Valeo Financial Advisors LLC now owns 2,868,534 shares of the transportation company's stock worth $456,097,000 after acquiring an additional 2,862,970 shares during the period. Norges Bank acquired a new stake in shares of Ryder System in the second quarter valued at about $103,814,000. Wellington Management Group LLP boosted its holdings in Ryder System by 16.2% during the first quarter. Wellington Management Group LLP now owns 2,984,836 shares of the transportation company's stock worth $429,249,000 after buying an additional 415,103 shares in the last quarter. Nuveen LLC purchased a new position in Ryder System in the first quarter valued at about $18,204,000. Finally, Bahl & Gaynor Inc. lifted its position in shares of Ryder System by 149.0% during the 2nd quarter. Bahl & Gaynor Inc. now owns 145,700 shares of the transportation company's stock valued at $23,166,000 after acquiring an additional 87,197 shares during the period. 87.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on R. Barclays lifted their price objective on Ryder System from $190.00 to $220.00 and gave the stock an "overweight" rating in a report on Thursday, October 2nd. Weiss Ratings reiterated a "buy (b)" rating on shares of Ryder System in a research report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price objective 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. Citigroup began coverage on Ryder System in a research note on Monday, September 22nd. They issued a "buy" rating and a $217.00 target price on the stock. Finally, Wall Street Zen upgraded Ryder System from a "hold" rating to a "buy" rating in a report on Friday, October 3rd. One investment 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 stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $195.89.

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Get Our Latest Stock Report on Ryder System

Ryder System Trading Down 0.6%

Shares of R opened at $172.13 on Tuesday. Ryder System, Inc. has a fifty-two week low of $125.54 and a fifty-two week high of $195.48. The company has a market capitalization of $6.95 billion, a PE ratio of 14.54 and a beta of 1.05. The stock has a fifty day moving average of $176.04 and a two-hundred day moving average of $172.19. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.02 and a current ratio of 1.02.

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Ryder System (NYSE:R - Get Free Report) last released its earnings results on Thursday, October 23rd. The transportation company reported $3.57 earnings per share for the quarter, topping the consensus estimate of $3.56 by $0.01. The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $3.19 billion. Ryder System had a return on equity of 17.69% and a net margin of 3.96%.The firm's revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the business posted $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. As a group, analysts forecast that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Monday, November 17th will be issued a $0.91 dividend. 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 dividend payout ratio (DPR) is presently 30.74%.

About Ryder System

(Free Report)

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.

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