Bank of New York Mellon Corp Acquires Shares of 516,813 Ryder System, Inc. $R

Bank of New York Mellon Corp acquired a new stake in Ryder System, Inc. (NYSE:R - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 516,813 shares of the transportation company's stock, valued at approximately $136,320,000. Bank of New York Mellon Corp owned 1.35% of Ryder System at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Royal Bank of Canada lifted its position in Ryder System by 52.8% during the first quarter. Royal Bank of Canada now owns 15,765 shares of the transportation company's stock worth $2,267,000 after acquiring an additional 5,448 shares during the last quarter. Focus Partners Wealth increased its position 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 Ryder System by 61.2% in 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 in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Ryder System by 10.2% in 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 period. Finally, M&T Bank Corp grew 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 worth $343,000 after purchasing an additional 212 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Zacks Research lowered Ryder System from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 22nd. Weiss Ratings reissued a "buy (b)" rating on shares of Ryder System in a report on Wednesday, May 27th. Susquehanna raised their price target on Ryder System from $290.00 to $310.00 and gave the stock a "positive" rating in a research report on Friday, July 24th. Barclays boosted their price target on Ryder System from $290.00 to $300.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Finally, Morgan Stanley upped their price objective on shares of Ryder System from $263.00 to $280.00 and gave the stock an "overweight" rating in a research report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $294.14.

Insider Buying and Selling

In other Ryder System news, SVP Sanford J. Hodes sold 595 shares of the business's stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $251.95, for a total transaction of $149,910.25. Following the sale, the senior vice president 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.90% of the stock is currently owned by insiders.

Ryder System Price Performance

Shares of R stock opened at $249.44 on Monday. 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 twelve month low of $157.67 and a twelve month high of $284.25. The company has a market cap of $9.57 billion, a P/E ratio of 20.30 and a beta of 1.02. The business has a fifty day simple moving average of $264.42 and a 200 day simple moving average of $238.94.

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

Ryder System Increases Dividend

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

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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