787,388 Shares in Ryder System, Inc. $R Acquired by Bank of America Corp DE

Key Points

• Bank of America acquired 787,388 Ryder System shares during the second quarter, worth approximately $207.7 million and representing a 2.05% stake. Institutional investors now own 87.47% of the company.
• Analysts maintain a generally positive outlook, with Ryder carrying a consensus “Moderate Buy” rating and an average price target of $294.14.
• Ryder reported quarterly EPS of $3.73, slightly above expectations, while revenue rose 5% year over year to $2.69 billion. The company also raised its quarterly dividend to $1.01 per share, a 1.7% annualized yield.

Bank of America Corp DE bought a new stake in shares of Ryder System, Inc. (NYSE:R - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 787,388 shares of the transportation company's stock, valued at approximately $207,689,000. Bank of America Corp DE owned 2.05% of Ryder System as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. BlackRock Inc. acquired a new stake in Ryder System during the 2nd quarter worth about $1,060,749,000. Norges Bank purchased a new stake in Ryder System in the 4th quarter worth approximately $111,168,000. Bank of New York Mellon Corp acquired a new stake in shares of Ryder System during the 2nd quarter valued at $136,320,000. First Trust Advisors LP boosted its stake in shares of Ryder System by 81.5% during the 1st quarter. First Trust Advisors LP now owns 1,010,320 shares of the transportation company's stock valued at $206,822,000 after buying an additional 453,697 shares during the period. Finally, NewEdge Wealth LLC purchased a new position in shares of Ryder System during the 2nd quarter valued at $74,531,000. Hedge funds and other institutional investors own 87.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on R. Barclays increased their price objective on Ryder System from $290.00 to $300.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Susquehanna boosted their target price on Ryder System from $290.00 to $310.00 and gave the company a "positive" rating in a research note on Friday, July 24th. Zacks Research lowered Ryder System from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 22nd. Citigroup raised their price target on Ryder System from $280.00 to $283.00 and gave the stock a "neutral" rating in a research note on Friday, July 24th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Ryder System in a report on Monday, August 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $294.14.

Ryder System Stock Down 1.3%

NYSE R opened at $238.08 on Thursday. Ryder System, Inc. has a twelve month low of $157.67 and a twelve month high of $284.25. The stock has a market cap of $9.13 billion, a PE ratio of 19.37 and a beta of 1.01. The firm has a 50-day simple moving average of $257.07 and a 200 day simple moving average of $242.52. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.65 and a current ratio of 0.65.

Ryder System (NYSE:R - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The transportation company reported $3.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.69 by $0.04. Ryder System had a net margin of 3.88% and a return on equity of 18.28%. The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same quarter in the previous year, the firm posted $3.32 EPS. The business's revenue for the quarter was up 5.0% on a year-over-year basis. 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. On average, research analysts forecast that Ryder System, Inc. will post 14.74 EPS for the current year.

Ryder System Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Monday, August 24th will be paid a dividend of $1.01 per share. This is an increase from Ryder System's previous quarterly dividend of $0.91. This represents a $4.04 annualized dividend and a yield of 1.7%. The ex-dividend date is Monday, August 24th. Ryder System's dividend payout ratio is currently 32.87%.

Ryder System 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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