Gotham Asset Management LLC Grows Position in Ryder System, Inc. $R

Gotham Asset Management LLC grew its stake in Ryder System, Inc. (NYSE:R) by 38.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 171,852 shares of the transportation company’s stock after buying an additional 47,608 shares during the period. Gotham Asset Management LLC owned 0.43% of Ryder System worth $32,418,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Focus Partners Wealth purchased a new stake in shares of Ryder System during the third quarter valued at $231,000. California Public Employees Retirement System raised its stake in Ryder System by 1.0% in the 3rd quarter. California Public Employees Retirement System now owns 81,935 shares of the transportation company’s stock worth $15,456,000 after acquiring an additional 831 shares during the last quarter. Algert Global LLC lifted its position in Ryder System by 79.5% during the 3rd quarter. Algert Global LLC now owns 66,715 shares of the transportation company’s stock worth $12,585,000 after acquiring an additional 29,540 shares during the period. Creative Planning grew its stake in Ryder System by 34.1% during the 3rd quarter. Creative Planning now owns 35,247 shares of the transportation company’s stock valued at $6,649,000 after purchasing an additional 8,968 shares during the last quarter. Finally, Lazard Asset Management LLC grew its stake in Ryder System by 5.9% during the 3rd quarter. Lazard Asset Management LLC now owns 18,746 shares of the transportation company’s stock valued at $3,536,000 after purchasing an additional 1,048 shares during the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Thomas M. Havens sold 12,571 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $221.65, for a total value 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 trade represents a 27.54% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert E. Sanchez sold 41,779 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $223.30, for a total value of $9,329,250.70. Following the sale, the chief executive officer owned 40,828 shares of the company’s stock, valued at approximately $9,116,892.40. This trade represents a 50.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 130,673 shares of company stock worth $28,233,471. Company insiders own 5.20% of the company’s stock.

Ryder System Stock Up 1.4%

Ryder System stock opened at $190.60 on Tuesday. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market capitalization of $7.51 billion, a PE ratio of 15.92 and a beta of 0.93. The business has a 50 day simple moving average of $203.61 and a 200-day simple moving average of $189.57. Ryder System, Inc. has a 12 month low of $125.54 and a 12 month high of $230.38.

Ryder System (NYSE:R) last released its quarterly earnings results on Wednesday, February 11th. The transportation company reported $3.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.66 by ($0.07). The company had revenue of $2.60 billion during the quarter, compared to analyst estimates of $3.21 billion. Ryder System had a net margin of 3.95% and a return on equity of 17.70%. Ryder System’s revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the business posted $3.45 EPS. 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. On average, analysts anticipate that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Tuesday, February 17th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Tuesday, February 17th. Ryder System’s dividend payout ratio is 30.41%.

Analyst Ratings Changes

R has been the subject of several research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Ryder System in a research note on Thursday, January 22nd. Wolfe Research reiterated a “peer perform” rating on shares of Ryder System in a research report on Thursday, January 8th. Wells Fargo & Company increased their price target on shares of Ryder System from $210.00 to $236.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Susquehanna lifted their price objective on shares of Ryder System from $235.00 to $250.00 and gave the company a “positive” rating in a research note on Friday, February 13th. Finally, Citigroup lifted their price objective on shares of Ryder System from $218.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $215.44.

About Ryder System

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.