BlackRock Inc. purchased a new stake in Ryder System, Inc. (NYSE:R - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 4,021,493 shares of the transportation company's stock, valued at approximately $1,060,749,000. BlackRock Inc. owned approximately 10.49% of Ryder System at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of R. Calamos Wealth Management LLC bought a new position in Ryder System during the 4th quarter valued at $1,408,000. Arrowstreet Capital Limited Partnership increased its position in shares of Ryder System by 9.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 194,632 shares of the transportation company's stock worth $39,843,000 after purchasing an additional 16,070 shares during the last quarter. Braun Stacey Associates Inc. acquired a new stake in shares of Ryder System in the 1st quarter valued at about $12,189,000. NewEdge Wealth LLC lifted its position in shares of Ryder System by 2.9% during the fourth quarter. NewEdge Wealth LLC now owns 250,334 shares of the transportation company's stock worth $47,911,000 after purchasing an additional 6,952 shares during the last quarter. Finally, California State Teachers Retirement System lifted its position in shares of Ryder System by 23.6% during the first quarter. California State Teachers Retirement System now owns 48,030 shares of the transportation company's stock worth $9,832,000 after purchasing an additional 9,179 shares during the last quarter. Institutional investors and hedge funds own 87.47% of the company's stock.
Ryder System Trading Up 0.6%
NYSE:R opened at $249.44 on Friday. The stock has a market cap of $9.57 billion, a PE ratio of 20.30 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. The stock's 50-day moving average is $264.42 and its two-hundred day moving average is $238.70. Ryder System, Inc. has a fifty-two week low of $157.67 and a fifty-two week high of $284.25.
Ryder System (NYSE:R - Get Free Report) last issued 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. 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 during the quarter, compared to analyst estimates of $3.29 billion. During the same quarter last year, the business posted $3.32 EPS. The company'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. As a group, equities research analysts forecast that Ryder System, Inc. will post 14.74 earnings per share for the current fiscal year.
Ryder System Increases Dividend
The firm 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 of this dividend is Monday, August 24th. This is a boost from Ryder System's previous quarterly dividend of $0.91. This represents a $4.04 annualized dividend and a yield of 1.6%. Ryder System's payout ratio is 29.62%.
Insider Transactions at Ryder System
In other Ryder System news, SVP Sanford J. Hodes sold 595 shares of the business's stock in a transaction that occurred on 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 sale, the senior vice president directly owned 22,948 shares of the company's stock, valued at $5,781,748.60. The trade was a 2.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.90% of the stock is owned by company insiders.
Analysts Set New Price Targets
Several research firms have weighed in on R. Robert W. Baird boosted their target price on shares of Ryder System from $253.00 to $290.00 and gave the company an "outperform" rating in a research note on Wednesday, June 17th. Weiss Ratings restated a "buy (b)" rating on shares of Ryder System in a research report on Wednesday, May 27th. Citigroup lifted their price target on shares of Ryder System from $280.00 to $283.00 and gave the company a "neutral" rating in a report on Friday, July 24th. JPMorgan Chase & Co. boosted their price objective 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. Finally, Zacks Research cut shares of Ryder System from a "strong-buy" rating to a "hold" rating in a report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Ryder System currently has a consensus rating of "Moderate Buy" and an average price target of $294.14.
Check Out Our Latest Report on Ryder System
Ryder System Company 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.
Recommended Stories
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.
Before you consider Ryder System, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ryder System wasn't on the list.
While Ryder System currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead.
This report highlights seven nuclear energy stocks positioned across the value chain—combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
