Vanguard Boosts Ryder Stake to 20.9%, Now Top Holder

TL;DR

**Vanguard just upped its Ryder stake to 20.9%, making them a huge player.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended Schedule 13G/A on February 13, 2024, disclosing its ownership in Ryder System Inc. As of December 29, 2023, Vanguard beneficially owned 10,277,959 shares of Ryder's common stock, representing 20.9% of the company. This filing indicates a slight decrease in their shared voting power to 31,036 shares, but a significant increase in their overall beneficial ownership, making Vanguard a dominant institutional holder. This matters to investors because Vanguard's substantial stake suggests confidence in Ryder's long-term prospects and could influence future corporate decisions or stock stability.

Why It Matters

Vanguard's increased ownership signals strong institutional confidence in Ryder System Inc., which could provide a floor for the stock price and influence future strategic directions.

Risk Assessment

Risk Level: low — Increased institutional ownership by a major firm like Vanguard generally adds stability and reduces volatility for a stock.

Analyst Insight

Investors should view Vanguard's increased stake as a positive signal, suggesting long-term confidence in Ryder. This could be a good time to research Ryder's fundamentals if considering an investment, or to hold if already invested.

Key Numbers

• 10,277,959 — Shares Beneficially Owned (Represents Vanguard's total stake in Ryder System Inc.)
• 20.9% — Percentage of Class (Indicates Vanguard's significant influence as a shareholder in Ryder.)
• 31,036 — Shared Voting Power (The number of shares Vanguard has shared voting power over.)
• December 29, 2023 — Date of Event (The specific date when Vanguard's ownership triggered the filing requirement.)
• 15 — Amendment Number (This is the 15th amendment to Vanguard's Schedule 13G filing for Ryder System Inc.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and major institutional investor
• Ryder System Inc (company) — subject company whose securities are being reported
• 10,277,959 shares (dollar_amount) — total shares beneficially owned by Vanguard
• 20.9% (dollar_amount) — percentage of Ryder's common stock owned by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing

Forward-Looking Statements

• Ryder System Inc. stock will experience increased stability due to Vanguard's significant ownership. (Ryder System Inc.) — medium confidence, target: Next 6-12 months
• Vanguard will maintain its position as a top institutional holder in Ryder System Inc. for the foreseeable future. (The Vanguard Group) — high confidence, target: Next 1-2 years

FAQ

Filing Documents

• tv01857-rydersysteminc.htm (SC 13G/A) — 11KB
• 0001104659-24-021874.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Ryder System Inc

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 11690 North West 105th Street Miami, FL 33178

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 783549108

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR