Buy Or Sell Opportunity • Aug 05
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to €228. The fair value is estimated to be €188, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Earnings per share has grown by 8.2%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 34% in the next 2 years. Reported Earnings • Jul 24
Second quarter 2026 earnings released: EPS: US$3.42 (vs US$3.20 in 2Q 2025) Second quarter 2026 results: EPS: US$3.42 (up from US$3.20 in 2Q 2025). Revenue: US$3.35b (up 5.0% from 2Q 2025). Net income: US$133.0m (up 1.5% from 2Q 2025). Profit margin: 4.0% (down from 4.1% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, while revenues in the Transportation industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jul 16
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 26% to €234. The fair value is estimated to be €193, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 32% in the next 2 years. Declared Dividend • Jul 13
First quarter dividend of US$1.01 announced Shareholders will receive a dividend of US$1.01. Ex-date: 24th August 2026 Payment date: 18th September 2026 Dividend yield will be 1.5%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 8.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 19% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 10
Ryder System, Inc. Increases Quarterly Dividend, Payable on September 18, 2026 Ryder System, Inc. declared a regular quarterly cash dividend of $1.01 per share of common stock to be paid on September 18, 2026 to shareholders of record on August 24, 2026. This dividend reflects an 11% or $0.10 increase from the $0.91 cash dividend that Ryder had been paying quarterly since July 2025. Recent Insider Transactions • Jun 03
Executive VP recently sold €1.1m worth of stock On the 29th of May, Robert Fatovic sold around 5k shares on-market at roughly €214 per share. This transaction amounted to 5.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €18m more than they bought in the last 12 months. Announcement • May 02
Ryder System, Inc. Declares Quarterly Cash Dividend, Payable on June 19, 2026 The Board of Directors of Ryder System, Inc. declared a regular quarterly cash dividend of $0.91 per share of common stock to be paid on June 19, 2026 to shareholders of record on May 18, 2026. Announcement • Apr 01
International Motors and Ryder System Launch Level 4 Autonomous Fleet Trial International Motors, LLC announced the launch of a joint autonomous truck pilot with Ryder System, Inc. that places a factory-integrated autonomous vehicle into a live freight operation. Ryder is International's inaugural customer participating in the truck manufacturer's previously announced autonomous fleet trial program. As part of the pilot, Ryder is operating a daily 600-mile route along the I-35 corridor between Ryder locations in Laredo and Temple, Texas. Designed to demonstrate that autonomous technology can be seamlessly integrated into existing customer operations, an International autonomous truck runs a dedicated transportation route for a Ryder supply chain customer, allowing both Ryder and International to evaluate performance, reliability, and operational requirements under real-world conditions. As part of the trial, International has deployed its second-generation autonomous tractor, equipped with a comprehensive suite of factory-installed sensors – including lidar, radar, and cameras – on an International LT Series truck, powered by the S13 Integrated Powertrain and running the latest generation AI-based SuperDrive autonomous driving software from PlusAI. Achieving advancements in AV deployment depends on collaborations among industry experts like International, Ryder, and PlusAI to collect operational data on uptime, serviceability, and terminal processes, evaluate logistics, operations, and support considerations for AVs, and explore point-to-point transportation concepts through digitally enabled and software-defined vehicle solutions. Announcement • Mar 12
Ryder System, Inc., Annual General Meeting, May 01, 2026 Ryder System, Inc., Annual General Meeting, May 01, 2026. Location: the breakers palm beach, one south county road, palm beach, florida 33480, United States Announcement • Feb 11
Ryder System, Inc. Provides Earnings Guidance for the First Quarter and Full Year Ending December 31, 2026 Ryder System, Inc. provided earnings guidance for the first quarter and full year ending December 31, 2026. For the first quarter, the company expected GAAP EPS in the range of $1.95 per share to $2.20 per share.
For the full year, the company expected Total Revenue Growth of 1%, GAAP EPS in the range of $12.80 per share to $13.80 per share. Operating revenue growth is expected of 3%. Announcement • Feb 07
Ryder System, Inc. Declares Quarterly Cash Dividend, Payable on March 20, 2026 The Board of Directors of Ryder System, Inc. declared a regular quarterly cash dividend of $0.91 per share of common stock to be paid on March 20, 2026 to shareholders of record on February 17, 2026. Announcement • Jan 24
Ryder System, Inc. Announces Retirement of E. Follin Smith as Director, Effective February 13, 2026 Ryder System, Inc. On January 23, 2026, Ms. E. Follin Smith informed the Board of Directors of Ryder System, Inc. of her decision to retire on February 13, 2026. Ms. Smith's retirement is part of the ongoing director succession planning efforts of the Board and its Corporate Governance and Nominating Committee, and consistent with the Board's overarching goal of maintaining a well-rounded Board that balances the institutional knowledge of tenured directors with the fresh perspectives of new members. Announcement • Jan 06
Ryder System, Inc. (NYSE:R) acquired Truck Service Depot LLC. Ryder System, Inc. (NYSE:R) acquired Truck Service Depot LLC on January 5, 2026.
Ryder System, Inc. (NYSE:R) completed the acquisition of Truck Service Depot LLC on January 5, 2026. Announcement • Dec 19
Ryder System, Inc. Announces Board and Committee Changes On December 18, 2025, Ms. Abbie Smith informed the Board of Directors of Ryder System, Inc. of her decision to retire and not to stand for reelection at the Company’s 2026 Annual Meeting of Shareholders. Ms. Smith’s retirement is not due to any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices. In addition, on December 18, 2025, the Board appointed Ms. Tammy Romo, 63, as a director to the Board, effective as of January 5, 2026. The Board determined that Ms. Romo qualified as independent under their independence standards set forth in the New York Stock Exchange corporate governance listing standards. Ms. Romo will serve as a director until the Annual Meeting, at which time she is expected to stand for election by the Company’s shareholders. Ms. Romo will serve as a member of both the Audit and Finance Committees. Before retiring as executive vice president and chief financial officer of Southwest Airlines on April 1, 2025, Romo oversaw all corporate financial functions for more than a decade. Over her 30-year-tenure at Southwest Airlines, Romo was well-regarded as a strategic and results-oriented CFO and governance leader, driving transformation and delivering value for the Fortune 156 transportation company. Romo’s board experience as an independent director of Tenet Healthcare Corporation (NYSE: THC) since 2015 further underscores her governance expertise. Announcement • Oct 23
Ryder System, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year Ended December 31, 2025 Ryder System, Inc. provided earnings guidance for the fourth quarter and full year ended December 31, 2025. For the quarter, the company expected GAAP EPS in the range of $3.30 per share to $3.50 per share.
For the full year, the company expected Total Revenue Growth of 1%, GAAP EPS in the range of $12.10 per share to $12.30 per share. Total revenue of $12,700 million; Net earnings of $510 million. Announcement • Oct 10
Ryder System, Inc. Declares Quarterly Cash Dividend, Payable on December 19, 2025 The Board of Directors of Ryder System, Inc. declared a regular quarterly cash dividend of $0.91 per share of common stock to be paid on December 19, 2025 to shareholders of record on November 17, 2025. Announcement • Jul 24
Ryder System, Inc. Provides Earnings Guidance for the Third Quarter and Full Year of 2025 Ryder System, Inc. provided earnings guidance for the third quarter and full Year of 2025. For the third quarter, the company expected GAAP EPS to be $3.30 - $3.50
The company continues to expect earnings growth in 2025 reflecting ongoing execution on initiatives and the strength of contractual businesses. Total Revenue Growth to be 1%. GAAP EPS to be $12.15 - $12.60. Announcement • Jul 11
Ryder Increases Quarterly Cash Dividend, Payable on September 19, 2025 The Board of Directors of Ryder System, Inc. declared a regular quarterly cash dividend of $0.91 per share of common stock to be paid on September 19, 2025 to shareholders of record on August 18, 2025. This dividend reflects a 12% or $0.10 increase from the $0.81 cash dividend that Ryder had been paying quarterly since July 2024. Announcement • May 04
Ryder System, Inc. Declares Quarterly Cash Dividend, Payable on June 20, 2025 The Board of Directors of Ryder System, Inc. declared a regular quarterly cash dividend of $0.81 per share of common stock to be paid on June 20, 2025, to shareholders of record on May 19, 2025. Announcement • Mar 13
Ryder System, Inc., Annual General Meeting, May 02, 2025 Ryder System, Inc., Annual General Meeting, May 02, 2025. Location: hotel colonnade coral gables, 180 aragon avenue, coral gables, florida 33134, United States Announcement • Feb 13
Ryder System, Inc. Provides Earnings Guidance for the First Quarter and Full Year 2025 Ryder System, Inc. provided earnings guidance for the first quarter and full year 2025. For the first quarter, company expected GAAP EPS to be in range of $2.15 - $2.40,
For the full year, company expected Total Revenue Growth of 2%, GAAP EPS to be in range of $12.40 to $13.40. Announcement • Feb 08
Ryder System, Inc. Declares Quarterly Cash Dividend, Payable on March 21, 2025 The Board of Directors of Ryder System, Inc. declared a regular quarterly cash dividend of $0.81 per share of common stock to be paid on March 21, 2025, to shareholders of record on February 18, 2025. Upcoming Dividend • Nov 12
Upcoming dividend of US$0.81 per share Eligible shareholders must have bought the stock before 18 November 2024. Payment date: 20 December 2024. Payout ratio is a comfortable 27% but the company is paying out more than the cash it is generating. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (4.4%). Recent Insider Transactions • Nov 12
Insider recently sold €587k worth of stock On the 6th of November, Thomas Havens sold around 4k shares on-market at roughly €147 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €6.9m more than they bought in the last 12 months. Announcement • Oct 26
Ryder System, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year Ending December 31, 2024 Ryder System, Inc. provided earnings guidance for the fourth quarter and full year ending December 31, 2024. For the quarter, the company expects GAAP EPS to be $3.13 to $3.33.
For the year, the company expects Total Revenue Growth of ~7%. FY24 GAAP EPS to be $11.10 - $11.30. Total revenue to be $12,600 million. Net earnings to be $495 million. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: US$3.26 (vs US$3.53 in 3Q 2023) Third quarter 2024 results: EPS: US$3.26 (down from US$3.53 in 3Q 2023). Revenue: US$3.17b (up 8.3% from 3Q 2023). Net income: US$143.0m (down 10% from 3Q 2023). Profit margin: 4.5% (down from 5.4% in 3Q 2023). Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Declared Dividend • Oct 14
Second quarter dividend of US$0.81 announced Shareholders will receive a dividend of US$0.81. Ex-date: 18th November 2024 Payment date: 20th December 2024 Dividend yield will be 2.1%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is covered by earnings (25% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Oct 10
Ryder System, Inc. Declares Quarterly Cash Dividend, Payable on December 20, 2024 The Board of Directors of Ryder System, Inc. declared a regular quarterly cash dividend of $0.81 per share of common stock to be paid on December 20, 2024 to shareholders of record on November 18, 2024. Upcoming Dividend • Aug 12
Upcoming dividend of US$0.81 per share Eligible shareholders must have bought the stock before 19 August 2024. Payment date: 20 September 2024. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (5.0%). Board Change • Jul 28
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 8 highly experienced directors. Independent Director Chuck Swoboda was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 26
Ryder System, Inc. Provides Earnings Guidance for the Third Quarter and Full Year ended December 31, 2024 Ryder System, Inc. provided earnings guidance for the third quarter and full year ended December 31, 2024. For the full year, the company’s GAAP EPS to be in the range of $11.15 - $11.65, Total revenue is expected to be $12,700 million, Operating revenue is expected to be $10,300 million, Net earnings is expected to be $500 million. Total Revenue Growth to be approximately 8%.
For the third quarter, the company expected GAAP EPS to be in the range of $3.12 - $3.32. Announcement • Jul 24
Levi & Korsinsky Announces Settlement in the Pending Class Action Lawsuit Against Ryder System, Inc Levi & Korsinsky informed shareholders that a settlement has been reached in the pending class action lawsuit against Ryder System, Inc. provided for a fund of $45,000,000 to benefit class members. For the purposes of the settlement, the class is defined as: all persons or entities who purchased or otherwise acquired publicly traded Ryder common stock during the period from July 23, 2015 through February 13, 2020, inclusive (the ‘Class Period’), and were damaged thereby. If you are a class member as defined above, may be entitled to a pro-rata share of the settlement fund. In order to receive a share of the settlement, must file a claim form by September 11, 2024. Announcement • Jul 12
Ryder System, Inc. Increases Quarterly Cash Dividend, Payable on September 20, 2024 The Board of Directors of Ryder System, Inc. (NYSE: R), a leader in supply chain, dedicated transportation, and fleet management solutions, declared a regular quarterly cash dividend of $0.81 per share of common stock to be paid on September 20, 2024 to shareholders of record on August 19, 2024. This dividend reflects an increase of $0.10 from the $0.71 cash dividend that Ryder had been paying quarterly since July 2023. Announcement • May 06
Ryder System, Inc. Declares Quarterly Cash Dividend, Payable on June 21, 2024 The Board of Directors of Ryder System, Inc. declared a regular quarterly cash dividend of $0.71 per share of common stock to be paid on June 21, 2024 to shareholders of record on May 20, 2024. Announcement • Apr 23
Ryder System, Inc. Provides Earnings Guidance for the Second Quarter and Full Year of 2024 Ryder System, Inc. provided earnings guidance for the second quarter and full year of 2024. For the quarter, the company expects GAAP EPS to be between $2.58 - $2.78. For the full year, the company expects total revenue growth to be approximately 10%. GAAP EPS to be between $10.95 - $11.70. Announcement • Apr 11
Ryder System, Inc., Annual General Meeting, May 03, 2024 Ryder System, Inc., Annual General Meeting, May 03, 2024. Location: Hotel Colonnade Coral Gables, 180 Aragon Avenue, Coral Gables, Florida Coral Gables Florida United States Agenda: To consider election of director nominees; to consider shareholder proposal regarding managing climate risk through science based targets and transitioning planning; and to consider other business matters. Announcement • Feb 16
Ryder System, Inc. Provides Unaudited Earnings Guidance for the First Quarter and Full Year of 2024 Ryder System, Inc. provided unaudited earnings guidance for the first quarter and full year of 2024. For the quarter, the company expects GAAP EPS from continuing operations to be between $1.28 to $1.53. For the full year, the company expects total revenue growth to be approximately 13%. Total revenue to be $13,300 million. Net earnings to be $500 million. GAAP EPS from continuing operations to be between $10.70 to $11.70. Announcement • Feb 10
Ryder System, Inc. Declares Quarterly Cash Dividend, Payable on March 15, 2024 The Board of Directors of Ryder System, Inc. declared a regular quarterly cash dividend of $0.71 per share of common stock to be paid on March 15, 2024 to shareholders of record on February 20, 2024. Announcement • Feb 02
Ryder System, Inc. (NYSE:R) acquired Cardinal Logistics Management Corporation from H.I.G. Capital, LLC. Ryder System, Inc. (NYSE:R) acquired Cardinal Logistics Management Corporation from H.I.G. Capital, LLC on February 1, 2024. Tom Hostetler and Vin McLoughlin will join Ryder. The transaction is expected to be accretive in 2025 after achieving synergies and completing integration efforts. William Blair & Company acted as financial advisor to Cardinal, and McDermott Will & Emery LLP acted as legal counsel in connection with the transaction. Greenberg Traurig LLP acted as Ryder’s legal counsel for the transaction.Ryder System, Inc. (NYSE:R) completed the acquisition of Cardinal Logistics Management Corporation from H.I.G. Capital, LLC on February 1, 2024. Announcement • Oct 26
Ryder System, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year 2023 Ryder System, Inc. provided earnings guidance for the fourth quarter and full year 2023. For the full year, total revenue growth to be 2%. GAAP EPS (includes $3.96 cumulative currency translation charge for FMS UK exit) to be in the range of $8.44 to $8.69. Net earnings of $400 million. Total revenue of $11,800 million.For the quarter, the company expected GAAP EPS to be in the range of $2.45 to $2.70. Announcement • Oct 24
Ryder System, Inc. (NYSE:R) entered into a definitive agreement to acquire Impact Fulfillment Services, Inc. Ryder System, Inc. (NYSE:R) entered into a definitive agreement to acquire Impact Fulfillment Services, Inc. in the third quarter 2023. As part of the transaction, Ryder will acquire 15 operations across Florida, Georgia, Illinois, North Carolina, Ohio, Pennsylvania, Texas, Utah, and California. Ryder plans to retain IFS’ workforce of approximately 1,000 full-time employees. President of IFS Rob LeBaron will join Ryder as Vice President of Contract Manufacturing and Packaging. The transaction is expected to add approximately $250 million in annual total revenue to Ryder’s supply chain solutions business segment and be accretive to shareholders and expected to complete in early November 2023, subject to satisfaction of antitrust approvals and customary closing conditions. Blank Rome LLP is acting as Ryder’s legal counsel for the transaction. Wofford Advisors LLC and Paul Hastings LLP are representing IFS. Announcement • Oct 13
Ryder System, Inc. Declares Regular Quarterly Cash Dividend, Payable on December 15, 2023 The Board of Directors of Ryder System, Inc. declared a regular quarterly cash dividend of $0.71 per share of common stock to be paid on December 15, 2023 to shareholders of record on November 20, 2023. This is Ryder’s 189th consecutive quarterly cash dividend – marking more than 47 years of uninterrupted dividend payments. Announcement • May 06
Ryder System, Inc. Declares Quarterly Cash Dividend, Payable on June 16, 2023 The Board of Directors of Ryder System, Inc. declared a regular quarterly cash dividend of $0.62 per share of common stock to be paid on June 16, 2023 to shareholders of record on May 22, 2023. Announcement • Feb 16
Ryder System, Inc. Provides Earnings Guidance for the First Quarter of 2023 and Full Year Ended December 31, 2023 Ryder System, Inc. provided earnings guidance for the first quarter of 2023 and full year ended December 31, 2023. For the quarter, the company expected EPS of $2.50 - $2.75. For the year, the company expected total revenue growth of 2% and GAAP EPS of $6.44 - $7.44. Announcement • Feb 11
Ryder System, Inc. Declares Quarterly Cash Dividend, Payable on March 17, 2023 The Board of Directors of Ryder System, Inc. declared a regular quarterly cash dividend of $0.62 per share of common stock to be paid on March 17, 2023 to shareholders of record on February 21, 2023. Announcement • Dec 14
Ryder System, Inc. to Showcase Expanded E-Commerce Solution with Immersive Digital Experience at CES® 2023 Ryder System, Inc. will exhibit at CES® 2023 to showcase its recently expanded e-commerce and omnichannel fulfillment solution. An immersive digital experience will take show attendees along for the journey of an e-commerce order, as it makes its way from the initial online purchase, to inside the warehouse where an autonomous robot picks product, and ultimately, out to its final destination. For anyone interested in taking part in the immersive experience or speaking with Ryder experts, the company’s exhibit will be located at CP-10 in the Las Vegas Convention Center’s Central Plaza (next to Google’s exhibit). Consistent with Ryder’s strategy to drive growth by bringing new technology-driven solutions to market, thecompany recently announced the acquisition of Dotcom Distribution, a provider of omnichannel fulfillment and distribution services for high-growth retail and e-commerce brands specializing in health, beauty and cosmetics, and fashion and apparel. And earlier in the year, Ryder announced the acquisition of Whiplash, which had established itself as a leading national provider of scalable solutions to more than 250 e-commerce brands andomnichannel retailers, backed by a proven e-commerce technology and operating platform. Announcement • Dec 13
Ryder System, Inc. Elects Charles M. Swoboda to Its Board of Directors The board of directors of Ryder System, Inc. announced the appointment of Charles M. “Chuck” Swoboda to its board, effective December 12, 2022. Mr. Swoboda will serve as a member of the audit and governance committees. Mr. Swoboda most recently served as chairman, president, and chief executive officer of Cree, Inc. (now known as Wolfspeed, Inc.), a global leader in silicon carbide technology and production. Over his 16-year tenure as CEO (2001-2017), he led the company from $177 million in revenues to more than $1.6 billion. During this time, Cree transformed from a start-up into a global market leader with more than 6,000 employees. Under Mr. Swoboda’s leadership, the company was recognized as MIT Technology Review’s “50 Smartest Companies” for 2014 and as one of Fast Company’s “World’s 50 Most Innovative Companies” in 2015. After retiring in 2017, Mr. Swoboda joined the board of Anixter International in May 2019, serving on its compensation committee and nominating and governance committee. He served on this board until the company was sold to WESCO International (NYSE: WCC) in 2020. The Ryder board is also increasing the size of the board to twelve members to accommodate the appointment. Announcement • Dec 08
Ryder System, Inc. Names New Head of Investor Relations Ryder System, Inc. announced Bob Brunn, senior vice president of investor relations, corporate strategy, and new product strategy, will retire on December 31, 2022. Mr. Brunn has had a 35-year career with Ryder and led its Investor Relations (IR) function for the past eighteen years. Calene Candela, a 30-year Ryder veteran, will lead Ryder’s IR team as vice president of investor relations, effective January 1, 2023. Reporting to Ryder Chief Financial Officer John Diez, Ms. Candela who most recently served as group director of investor relations, will continue to work closely with Ryder’s financial management functions including finance, accounting, treasury, tax, audit, and corporate strategy in her new role. Ms. Candela joined Ryder in June 1992 as a senior financial analyst and has held a variety of financial management roles with increasing responsibility, including assistant treasurer. She holds a Bachelor of Science in Finance from the University of Florida and an MBA in Finance from Duke University. Announcement • Nov 03
Ryder System, Inc. (NYSE:R) acquired Dotcom Distribution, Inc. Ryder System, Inc. (NYSE:R) acquired Dotcom Distribution, Inc on November 2, 2022. Founder and Chief Executive Officer Maria Haggerty of Dotcom Distribution and approximately 100 full-time employees, will join Ryder. Wofford Advisors LLC acted as a strategic advisor and Gunster acted as legal counsel for Ryder. G2 Capital Advisors acted as the exclusive financial advisor and Stradley Ronon served as legal counsel to Dotcom Distribution.
Ryder System, Inc. (NYSE:R) completed the acquisition of Dotcom Distribution, Inc on November 2, 2022. Announcement • Oct 28
Ryder System, Inc. Raises Full Year Guidance for 2022 Ryder System, Inc. raised full year guidance for 2022. For the year the company is raising full year comparable EPS forecast to $15.65 to $15.85, up from the prior forecast of $14.30 to $14.80 and above the prior year of $9.58. Announcement • Oct 14
Ryder System, Inc. Declares Quarterly Cash Dividend, Payable on December 16, 2022 The Board of Directors of Ryder System, Inc. declared a regular quarterly cash dividend of $0.62 per share of common stock to be paid on December 16, 2022 to shareholders of record on November 21, 2022. Announcement • Sep 28
Apollo Global Reportedly Explores Takeover of Ryder System Apollo Global Management, Inc. (NYSE:APO) is exploring a takeover of Ryder System, Inc. (NYSE:R), a transportation and logistics company, according to people with knowledge of the matter. The stock rose as much as 19%. Terms of a transaction couldn’t immediately be learned, but any deal would value Ryder at a premium to the $3.4 billion market value ascribed to the company before Bloomberg News reported on a potential deal, said the people, who asked to not be identified because the matter isn’t public. Announcement • Sep 02
Ryder System, Inc. (NYSE:R) acquired an unknown stake in Baton Trucking, Inc. Ryder System, Inc. (NYSE:R) acquired an unknown stake in Baton Trucking, Inc. on August 31, 2022. Baton’s cofounders Andrew Berberick and Nate Robert join Ryder as co-chief product and technology officers for the supply chain and dedicated transportation businesses and remain based in Silicon Valley.
Ryder System, Inc. (NYSE:R) completed the acquisition of an unknown stake in Baton Trucking, Inc. on August 31, 2022. Announcement • Jul 15
Ryder System, Inc. Declares Regular Quarterly Cash Dividend, Payable on September 16, 2022 The Board of Directors of Ryder System, Inc. declared a regular quarterly cash dividend of $0.62 per share of common stock to be paid on September 16, 2022 to shareholders of record on August 22, 2022. This dividend reflects an increase of $0.04 from the $0.58 cash dividend that Ryder had been paying since July 2021. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 16% share price gain to €79.00, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Transportation industry in Europe. Total returns to shareholders of 76% over the past three years. Announcement • May 15
HG Vora Special Opportunities Master Fund, Ltd., managed by HG Vora Capital Management, LLC agreed to acquire remaining 90.124506% stake in Ryder System, Inc. (NYSE:R) for $4 billion. HG Vora Special Opportunities Master Fund, Ltd., managed by HG Vora Capital Management, LLC agreed to acquire remaining 90.124506% stake in Ryder System, Inc. (NYSE:R) for $4 billion on May 13, 2022. The proposed acquisition is subject to, among other things, the Reporting Person’s satisfaction with the results of due diligence regarding the financial outlook of the Fleet Management Solutions, Supply Chain Solutions and Dedicated Transportation Solutions businesses, as well as the evaluation of relevant commercial, legal, accounting and tax matters. The proposed acquisition is also subject to definitive agreement. Wachtell, Lipton, Rosen & Katz LLP acted as legal advisor and Morgan Stanley & Co. acted as financial advisor for Ryder. Recent Insider Transactions • May 08
Executive VP recently sold €509k worth of stock On the 5th of May, Karen Jones sold around 7k shares on-market at roughly €70.09 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.6m more than they bought in the last 12 months. Announcement • May 08
Ryder System, Inc. Declares Regular Quarterly Cash Dividend, Payable on June 17, 2022 The board of directors of Ryder System, Inc. declared a regular quarterly cash dividend of $0.58 per share of common stock to be paid on June 17, 2022 to shareholders of record on May 23, 2022. Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: US$3.35 (vs US$0.98 in 1Q 2021) First quarter 2022 results: EPS: US$3.35 (up from US$0.98 in 1Q 2021). Revenue: US$2.85b (up 28% from 1Q 2021). Net income: US$175.8m (up 242% from 1Q 2021). Profit margin: 6.2% (up from 2.3% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 10.0%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 8 highly experienced directors. Independent Director Dave Nord was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €59.50, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Transportation industry in Europe. Total returns to shareholders of 19% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €58.00 per share. Announcement • Feb 24
Ryder Expands Vehicle Sharing Platform, Launches COOP Nationwide COOP by Ryder® announced the launch of its platform nationwide, reaching businesses in all 50 states. This expansion follows the success of the initial rollout in nine key states, underscoring the continued growth of the COOP platform, the high demand for rental vehicles, and the opportunity to monetize underutilized fleets. While COOP will continue to operate with a specific focus on high-density transportation markets, businesses can now leverage the platform to list and rent vehicles anywhere in the United States. With the nationwide rollout of COOP, more companies and vehicle owners can generate the revenue needed to support vehicle payments or meet financial strains caused by otherwise idle vehicles. Additionally, COOP provides relief to businesses as the industry continues to face ongoing driver and equipment shortages. In addition, COOP is seeing a growing number of companies buy vehicles to rent out to others through the platform as an investment. Due to the fast growth of COOP and high vehicle utilization, these companies are experiencing high returns on their investment. COOP pays on average more than $3,700 in monthly revenue to owners who list their vehicles on the platform. In February, COOP launched a telematics integration enabling select trucks and trailer owners to get paid in real time on the revenue earned by their unit while rented. Reported Earnings • Feb 17
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$9.71 (up from US$2.15 loss in FY 2020). Revenue: US$9.66b (up 15% from FY 2020). Net income: US$521.6m (up US$634.1m from FY 2020). Profit margin: 5.4% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Over the next year, revenue is forecast to grow 7.7%, compared to a 18% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 8% per year. Announcement • Feb 17
Ryder System, Inc. Provides Earnings Guidance for the First Quarter and Full Year of Fiscal 2022 Ryder System, Inc. provided earnings guidance for the first quarter and full year of fiscal 2022. For the quarter, the company expects GAAP EPS to be between $1.97 to $2.12.For the full year, the company expects total revenue growth to be approximately 10%. GAAP EPS to be between $10.40 to $11.40. Net earnings to be $550 million. 
