Bank of Nova Scotia bought a new position in shares of Ryder System, Inc. (NYSE:R - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 23,103 shares of the transportation company's stock, valued at approximately $6,094,000. Bank of Nova Scotia owned about 0.06% of Ryder System at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Royal Bank of Canada raised its stake 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 buying an additional 5,448 shares during the last quarter. Focus Partners Wealth grew its holdings in shares of Ryder System by 7.9% during 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% 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 in the last quarter. Northwestern Mutual Wealth Management Co. raised its position 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 buying an additional 110 shares during the last quarter. Finally, M&T Bank Corp raised its holdings in shares of Ryder System by 10.9% in 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 last quarter. 87.47% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
R has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Ryder System from $259.00 to $296.00 and gave the stock a "neutral" rating in a report on Friday, July 24th. Wells Fargo & Company raised their price target on shares of Ryder System from $290.00 to $300.00 and gave the company an "overweight" rating in a report on Friday, July 24th. Susquehanna raised their price target on Ryder System from $290.00 to $310.00 and gave the company a "positive" rating in a research report on Friday, July 24th. Morgan Stanley increased their target price on Ryder System from $263.00 to $280.00 and gave the company an "overweight" rating in a report on Monday, July 6th. Finally, Zacks Research lowered Ryder System from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 22nd. One equities research 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 company. According to data from MarketBeat, Ryder System has a consensus rating of "Moderate Buy" and a consensus price target of $294.14.
View Our Latest Report on Ryder System
Ryder System Trading Up 0.4%
Shares of R stock opened at $246.00 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.91. Ryder System, Inc. has a 12-month low of $157.67 and a 12-month high of $284.25. The stock has a market capitalization of $9.43 billion, a P/E ratio of 20.02 and a beta of 1.02. The firm's 50 day moving average is $263.20 and its 200 day moving average is $239.47.
Ryder System (NYSE:R - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The transportation company reported $3.73 EPS for the quarter, beating the consensus estimate of $3.69 by $0.04. The firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $3.29 billion. Ryder System had a net margin of 3.88% and a return on equity of 18.28%. The business's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.32 EPS. 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. Research analysts expect that Ryder System, Inc. will post 14.74 earnings per share for the current year.
Ryder System Increases Dividend
The firm also recently disclosed 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 represents a $4.04 dividend on an annualized basis and a dividend yield of 1.6%. This is a positive change from Ryder System's previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Monday, August 24th. Ryder System's dividend payout ratio is currently 32.87%.
Insider Buying and Selling at Ryder System
In other Ryder System news, SVP Sanford J. Hodes sold 595 shares of the company's 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 completion of the transaction, the senior vice president directly owned 22,948 shares in the company, valued at $5,781,748.60. This represents a 2.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 4.90% of the stock is currently owned by company insiders.
Ryder System Profile
(
Free Report)
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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