27,378 Shares in Ryder System, Inc. $R Bought by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company acquired 27,378 Ryder System shares worth approximately $7.2 million, while institutional investors and hedge funds collectively own 87.47% of the stock.
• Analysts maintain a consensus “Moderate Buy” rating, with an average price target of $294.14; JPMorgan, Barclays, and Wells Fargo recently raised their targets to between $296 and $300.
• Ryder reported quarterly EPS of $3.73, beating estimates by $0.04, and increased its quarterly dividend from $0.91 to $1.01 per share, representing a 1.6% annualized yield.

The Manufacturers Life Insurance Company purchased a new stake in Ryder System, Inc. (NYSE:R - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 27,378 shares of the transportation company's stock, valued at approximately $7,221,000. The Manufacturers Life Insurance Company owned 0.07% of Ryder System at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership grew its position in Ryder System by 9.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 194,632 shares of the transportation company's stock worth $39,843,000 after buying an additional 16,070 shares in the last quarter. California State Teachers Retirement System raised its holdings in Ryder System by 23.6% in the 1st quarter. California State Teachers Retirement System now owns 48,030 shares of the transportation company's stock valued at $9,832,000 after acquiring an additional 9,179 shares in the last quarter. NewEdge Wealth LLC lifted its position in shares of Ryder System by 2.9% in the 4th quarter. NewEdge Wealth LLC now owns 250,334 shares of the transportation company's stock worth $47,911,000 after acquiring an additional 6,952 shares during the period. Braun Stacey Associates Inc. bought a new stake in shares of Ryder System in the 1st quarter worth approximately $12,189,000. Finally, Kingdom Financial Group LLC. acquired a new stake in shares of Ryder System during the 4th quarter worth approximately $841,000. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. JPMorgan Chase & Co. upped their target price on Ryder System from $259.00 to $296.00 and gave the company a "neutral" rating in a research note on Friday, July 24th. Citizens Jmp began coverage on shares of Ryder System in a report on Wednesday, July 15th. They issued a "market perform" rating on the stock. Weiss Ratings restated a "buy (b)" rating on shares of Ryder System in a research note on Monday, August 24th. Barclays raised their price objective on shares of Ryder System from $290.00 to $300.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Finally, Wells Fargo & Company lifted their target price on shares of Ryder System from $290.00 to $300.00 and gave the company an "overweight" rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $294.14.

Ryder System Price Performance

R opened at $246.04 on Monday. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $9.44 billion, a P/E ratio of 20.02 and a beta of 1.02. The company's 50 day simple moving average is $262.20 and its 200-day simple moving average is $240.15. Ryder System, Inc. has a one year low of $157.67 and a one year high of $284.25.

Ryder System (NYSE:R - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The transportation company reported $3.73 earnings per share for the quarter, topping the consensus estimate of $3.69 by $0.04. The firm had revenue of $2.69 billion during the quarter, compared to analysts' expectations of $3.29 billion. Ryder System had a net margin of 3.88% and a return on equity of 18.28%. Ryder System's revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.32 EPS. Ryder System has set its FY 2026 guidance at 14.400-14.800 EPS and its Q3 2026 guidance at 4.000-4.200 EPS. Sell-side analysts anticipate that Ryder System, Inc. will post 14.74 earnings per share for the current fiscal year.

Ryder System Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Monday, August 24th will be issued a dividend of $1.01 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $4.04 annualized dividend and a yield of 1.6%. This is an increase from Ryder System's previous quarterly dividend of $0.91. Ryder System's dividend payout ratio (DPR) is presently 32.87%.

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.

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