Algert Global LLC Sells 8,840 Shares of Ryder System, Inc. $R

Key Points

• Algert Global reduced its Ryder System stake by 14.7%, selling 8,840 shares and retaining 51,455 shares valued at approximately $13.6 million. Institutional investors collectively own 87.47% of the company.
• Analyst sentiment remains favorable, with Ryder carrying a consensus “Moderate Buy” rating and an average price target of $294.14; Wells Fargo and Barclays recently raised their targets to $300.
• Ryder beat quarterly earnings expectations with EPS of $3.73 versus $3.69 expected, while revenue rose 5% year over year. The company also increased its quarterly dividend to $1.01, implying a 1.6% annual yield.

Algert Global LLC lowered its holdings in shares of Ryder System, Inc. (NYSE:R - Free Report) by 14.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,455 shares of the transportation company's stock after selling 8,840 shares during the period. Algert Global LLC owned approximately 0.13% of Ryder System worth $13,572,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of R. Royal Bank of Canada increased its stake in Ryder System by 52.8% during the 1st quarter. Royal Bank of Canada now owns 15,765 shares of the transportation company's stock valued at $2,267,000 after purchasing an additional 5,448 shares in the last quarter. Focus Partners Wealth lifted its holdings in Ryder System by 7.9% during the first quarter. Focus Partners Wealth now owns 1,851 shares of the transportation company's stock worth $266,000 after acquiring an additional 135 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of Ryder System by 61.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company's stock worth $41,000 after purchasing an additional 109 shares during the period. Northwestern Mutual Wealth Management Co. boosted 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 acquiring an additional 110 shares during the last quarter. Finally, M&T Bank Corp grew its holdings in Ryder System by 10.9% during the second 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 period. 87.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on R shares. Stephens upgraded shares of Ryder System to a "strong-buy" rating in a research note on Wednesday, July 8th. Wells Fargo & Company raised their price target on Ryder System from $290.00 to $300.00 and gave the company an "overweight" rating in a report on Friday, July 24th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Ryder System in a report on Wednesday, May 27th. Barclays upped their target price on Ryder System from $290.00 to $300.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. Finally, Citigroup upped their price target on shares of Ryder System from $280.00 to $283.00 and gave the company a "neutral" rating in a research report on Friday, July 24th. One 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. Based on data from MarketBeat.com, Ryder System has a consensus rating of "Moderate Buy" and an average 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 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 directly owned 22,948 shares of the company's stock, valued at approximately $5,781,748.60. The trade was a 2.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.90% of the company's stock.

Ryder System Stock Performance

Shares of R opened at $246.00 on Wednesday. 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, Inc. has a one year low of $157.67 and a one year high of $284.25. The firm has a market capitalization of $9.43 billion, a PE ratio of 20.02 and a beta of 1.02. The company has a 50-day simple moving average of $263.20 and a two-hundred day simple moving average of $239.47.

Ryder System (NYSE:R - Get Free Report) last announced its earnings results on Thursday, July 23rd. The transportation company reported $3.73 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $3.29 billion. During the same quarter in the previous year, the business posted $3.32 EPS. The company's quarterly revenue 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, analysts anticipate that Ryder System, Inc. will post 14.74 EPS for the current fiscal year.

Ryder System Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Monday, August 24th will be paid a $1.01 dividend. This is an increase from Ryder System's previous quarterly dividend of $0.91. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, August 24th. Ryder System's payout ratio is currently 32.87%.

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.

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