7,889 Shares in Ryder System, Inc. $R Acquired by Redhawk Wealth Advisors Inc.

Key Points

• Redhawk Wealth Advisors acquired 7,889 Ryder System shares worth approximately $2.08 million in the second quarter. Institutional investors own 87.47% of the company, with several other firms also increasing their positions.
• Ryder reported quarterly EPS of $3.73, exceeding estimates by $0.04, while revenue rose 5% year over year to $2.69 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $294.14.
• The company raised its quarterly dividend from $0.91 to $1.01 per share, equal to an annualized dividend of $4.04 and a 1.6% yield.

Redhawk Wealth Advisors Inc. purchased a new position in shares of Ryder System, Inc. (NYSE:R - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 7,889 shares of the transportation company's stock, valued at approximately $2,081,000.

A number of other large investors also recently modified their holdings of R. Royal Bank of Canada lifted its position in shares of Ryder System by 52.8% during the 1st quarter. Royal Bank of Canada now owns 15,765 shares of the transportation company's stock worth $2,267,000 after purchasing an additional 5,448 shares during the last quarter. Focus Partners Wealth increased its holdings in Ryder System by 7.9% in the first quarter. Focus Partners Wealth now owns 1,851 shares of the transportation company's stock valued at $266,000 after buying an additional 135 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in Ryder System by 61.2% in the first quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company's stock valued at $41,000 after buying an additional 109 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Ryder System by 10.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,191 shares of the transportation company's stock valued at $189,000 after buying an additional 110 shares in the last quarter. Finally, M&T Bank Corp lifted its holdings in Ryder System by 10.9% during the 2nd quarter. M&T Bank Corp now owns 2,153 shares of the transportation company's stock worth $343,000 after buying an additional 212 shares during the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.

Ryder System Stock Down 0.7%

R stock opened at $260.38 on Tuesday. The company has a fifty day moving average price of $266.56 and a 200 day moving average price of $234.84. Ryder System, Inc. has a 12 month low of $157.67 and a 12 month high of $284.25. The company has a market cap of $9.99 billion, a price-to-earnings ratio of 21.19 and a beta of 1.02. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.65 and a quick ratio of 0.65.

Ryder System (NYSE:R - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The transportation company reported $3.73 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same period last year, the firm posted $3.32 EPS. Ryder System'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. Sell-side analysts expect that Ryder System, Inc. will post 14.74 earnings per share 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 given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, August 24th. This is a positive change from Ryder System's previous quarterly dividend of $0.91. Ryder System's payout ratio is 29.62%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Robert W. Baird upped their price objective on Ryder System from $253.00 to $290.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 17th. Citigroup boosted their target price on Ryder System from $280.00 to $283.00 and gave the stock a "neutral" rating in a research note on Friday, July 24th. Susquehanna increased their price target on shares of Ryder System from $290.00 to $310.00 and gave the company a "positive" rating in a research note on Friday, July 24th. Morgan Stanley raised their price objective on shares of Ryder System from $263.00 to $280.00 and gave the stock an "overweight" rating in a report on Monday, July 6th. Finally, Citizens Jmp began coverage on shares of Ryder System in a research report on Wednesday, July 15th. They set a "market perform" rating for the company. One research 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. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $294.14.

Insiders Place Their Bets

In other Ryder System news, SVP Sanford J. Hodes sold 595 shares of Ryder System stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $251.95, for a total value of $149,910.25. Following the transaction, the senior vice president directly owned 22,948 shares in the company, valued at approximately $5,781,748.60. This trade represents a 2.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 4.90% of the company's stock.

About Ryder System

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.

Want to see what other hedge funds are holding R? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ryder System, Inc. (NYSE:R - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source