Thrivent Financial for Lutherans Acquires 8,504 Shares of Ryder System, Inc. $R

Thrivent Financial for Lutherans boosted its holdings in shares of Ryder System, Inc. (NYSE:R) by 28.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,912 shares of the transportation company’s stock after buying an additional 8,504 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.09% of Ryder System worth $6,028,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of R. Valeo Financial Advisors LLC boosted its position in Ryder System by 51,455.2% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,868,534 shares of the transportation company’s stock valued at $456,097,000 after acquiring an additional 2,862,970 shares in the last quarter. Norges Bank bought a new stake in Ryder System during the second quarter valued at about $103,814,000. First Trust Advisors LP boosted its position in Ryder System by 21.8% during the second quarter. First Trust Advisors LP now owns 793,527 shares of the transportation company’s stock valued at $126,171,000 after purchasing an additional 141,872 shares in the last quarter. Orbis Allan Gray Ltd grew its stake in Ryder System by 15.4% in the second quarter. Orbis Allan Gray Ltd now owns 1,005,382 shares of the transportation company’s stock valued at $159,856,000 after purchasing an additional 134,423 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in Ryder System by 294.5% in the second quarter. Treasurer of the State of North Carolina now owns 160,242 shares of the transportation company’s stock worth $25,478,000 after purchasing an additional 119,618 shares in the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Ryder System Trading Up 0.7%

NYSE R opened at $191.48 on Friday. Ryder System, Inc. has a 12-month low of $125.54 and a 12-month high of $200.53. The company has a fifty day simple moving average of $176.10 and a two-hundred day simple moving average of $175.42. 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 stock has a market cap of $7.73 billion, a P/E ratio of 16.17 and a beta of 0.97.

Ryder System (NYSE:R) last released its earnings results on Thursday, October 23rd. The transportation company reported $3.57 earnings per share (EPS) for the quarter, beating 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 was up .1% on a year-over-year basis. During the same period in the prior year, the firm 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. On average, analysts forecast that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Monday, November 17th were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.9%. Ryder System’s payout ratio is 30.74%.

Analyst Ratings Changes

R has been the topic of a number of analyst reports. Wall Street Zen raised shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Ryder System in a research note on Wednesday, October 8th. Barclays upped their price target on Ryder System from $190.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Wells Fargo & Company initiated coverage on Ryder System in a research report on Friday, December 5th. They issued an “overweight” rating and a $210.00 price objective for the company. Finally, Morgan Stanley boosted their target price on Ryder System from $190.00 to $250.00 and gave the stock an “overweight” rating in a research note on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $205.67.

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.