9,183 Shares in Ryder System, Inc. $R Purchased by Oppenheimer Asset Management Inc.

Key Points

• Oppenheimer Asset Management acquired 9,183 Ryder System shares worth approximately $2.42 million in the second quarter. Institutional investors collectively own 87.47% of the company.
• Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $294.14. Recent targets range from $280 to $296.
• Ryder exceeded quarterly earnings expectations with $3.73 in EPS, while revenue rose 5% year over year to $2.69 billion. The company also raised its quarterly dividend to $1.01 per share, implying a 1.5% annual yield.

Oppenheimer Asset Management Inc. acquired a new position in Ryder System, Inc. (NYSE:R - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,183 shares of the transportation company's stock, valued at approximately $2,422,000.

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Zacks Research downgraded shares of Ryder System from a "strong-buy" rating to a "hold" rating in a report on Monday, June 22nd. Stephens upgraded shares of Ryder System to a "strong-buy" rating in a report on Wednesday, July 8th. Citigroup lifted their price objective on shares of Ryder System from $280.00 to $283.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. Morgan Stanley boosted their target price on shares of Ryder System from $263.00 to $280.00 and gave the company an "overweight" rating in a research note on Monday, July 6th. Finally, JPMorgan Chase & Co. increased their target price on shares of Ryder System from $259.00 to $296.00 and gave the company a "neutral" rating in a research report on Friday, July 24th. One 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 data from MarketBeat, Ryder System presently has a consensus rating of "Moderate Buy" and an average price target of $294.14.

Insider Buying and Selling at Ryder System

In other news, SVP Sanford J. Hodes sold 595 shares of Ryder System stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $251.95, for a total value of $149,910.25. Following the completion of the transaction, the senior vice president owned 22,948 shares in the company, valued at $5,781,748.60. This trade represents a 2.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.90% of the stock is owned by insiders.

Ryder System Stock Down 0.1%

Shares of NYSE R opened at $263.77 on Monday. Ryder System, Inc. has a one year low of $157.67 and a one year high of $284.25. 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 business's fifty day moving average price is $266.57 and its 200-day moving average price is $236.79. The stock has a market capitalization of $10.12 billion, a PE ratio of 21.46 and a beta of 1.02.

Ryder System (NYSE:R - Get Free Report) last posted its quarterly earnings results 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. Ryder System had a return on equity of 18.28% and a net margin of 3.88%.The company had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter in the prior year, the company earned $3.32 EPS. The firm's quarterly revenue was up 5.0% compared to the same quarter last year. 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, equities research analysts anticipate that Ryder System, Inc. will post 14.74 EPS for the current year.

Ryder System Increases Dividend

The firm also recently announced 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 is a boost from Ryder System's previous quarterly dividend of $0.91. This represents a $4.04 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, August 24th. Ryder System's dividend payout ratio (DPR) is 29.62%.

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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