4,747 Ryder System, Inc. $R Shares Sold by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP reduced its Ryder System stake by 61.4% in the second quarter, selling 4,747 shares and retaining 2,988 shares valued at approximately $788,000.
• Institutional ownership remains high at 87.47%, with BlackRock, Bank of America, Norges Bank and Bank of New York Mellon among investors initiating positions, while First Trust increased its stake by 81.5%.
• Ryder reported quarterly EPS of $3.73, slightly exceeding estimates, and raised its quarterly dividend to $1.01, or $4.04 annually. Analysts maintain a “Moderate Buy” consensus with an average price target of $294.14, compared with the stock’s reported $233.68 price.

Corient Private Wealth LP cut its stake in shares of Ryder System, Inc. (NYSE:R - Free Report) by 61.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,988 shares of the transportation company's stock after selling 4,747 shares during the quarter. Corient Private Wealth LP's holdings in Ryder System were worth $788,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in R. BlackRock Inc. bought a new position in shares of Ryder System in the 2nd quarter valued at $1,060,749,000. Bank of America Corp DE acquired a new position in Ryder System in the 2nd quarter worth about $207,689,000. Norges Bank acquired a new position in Ryder System in the 4th quarter worth about $111,168,000. Bank of New York Mellon Corp bought a new position in Ryder System in the second quarter valued at about $136,320,000. Finally, First Trust Advisors LP raised its position in Ryder System by 81.5% in the first quarter. First Trust Advisors LP now owns 1,010,320 shares of the transportation company's stock valued at $206,822,000 after purchasing an additional 453,697 shares during the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Ryder System Trading Down 0.8%

NYSE R opened at $233.68 on Tuesday. The company has a market cap of $8.96 billion, a price-to-earnings ratio of 19.01 and a beta of 1.01. The business has a 50 day moving average price of $251.94 and a 200-day moving average price of $244.01. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.91. Ryder System, Inc. has a 52 week low of $157.67 and a 52 week high of $284.25.

Ryder System (NYSE:R - Get Free Report) last released 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 for the quarter, compared to the consensus estimate of $3.29 billion. Ryder System had a net margin of 3.88% and a return on equity of 18.28%. The business's revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.32 earnings per share. 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. As a group, equities analysts expect that Ryder System, Inc. will post 14.74 earnings per share for the current fiscal year.

Ryder System Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Monday, August 24th were given a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Monday, August 24th. This is a positive change from Ryder System's previous quarterly dividend of $0.91. Ryder System's payout ratio is 32.87%.

Analyst Ratings Changes

R has been the topic of several research reports. Wall Street Zen upgraded Ryder System from a "buy" rating to a "strong-buy" rating in a report on Saturday. Citizens Jmp began coverage on shares of Ryder System in a report on Wednesday, July 15th. They issued a "market perform" rating for the company. JPMorgan Chase & Co. lifted their target price on shares of Ryder System from $259.00 to $296.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. Barclays boosted their target price 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, Zacks Research cut Ryder System from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $294.14.

Ryder System Company Profile

Ryder System, Inc is a transportation and logistics company that provides fleet management, supply chain and dedicated transportation services. The company serves commercial customers across industries, helping them manage the movement, storage and delivery of goods through integrated transportation and logistics solutions.

Ryder's fleet management offerings include commercial truck leasing, rental, maintenance and related support services. It also sells used vehicles and provides technology designed to help customers monitor fleets, improve utilization and manage transportation operations.

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