California State Teachers Retirement System Has $11.35 Million Holdings in Ryder System, Inc. $R

California State Teachers Retirement System lessened its holdings in shares of Ryder System, Inc. (NYSE:R - Free Report) by 10.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,030 shares of the transportation company's stock after selling 5,000 shares during the quarter. California State Teachers Retirement System owned about 0.11% of Ryder System worth $11,350,023 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wedmont Private Capital grew its holdings in Ryder System by 10.5% during the 2nd quarter. Wedmont Private Capital now owns 1,018 shares of the transportation company's stock valued at $274,000 after buying an additional 97 shares in the last quarter. HB Wealth Management LLC raised its position in Ryder System by 6.9% in the second quarter. HB Wealth Management LLC now owns 2,031 shares of the transportation company's stock valued at $536,000 after purchasing an additional 131 shares during the period. Nilsine Partners LLC increased its stake in Ryder System by 10.6% in the second quarter. Nilsine Partners LLC now owns 3,348 shares of the transportation company's stock valued at $883,000 after purchasing an additional 322 shares during the last quarter. Compass Financial Management LLC purchased a new stake in shares of Ryder System during the 2nd quarter worth $54,000. Finally, AlphaGrep UK Ltd purchased a new stake in Ryder System in the 2nd quarter worth approximately $747,000. Hedge funds and other institutional investors own 87.47% of the company's stock.

Ryder System Price Performance

Shares of R traded up $2.02 during mid-day trading on Tuesday, reaching $243.15. 101,305 shares of the company's stock were exchanged, compared to its average volume of 368,657. The company has a 50-day simple moving average of $258.10 and a two-hundred day simple moving average of $242.28. The company has a market cap of $9.32 billion, a price-to-earnings ratio of 19.79 and a beta of 1.01. 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 52-week low of $157.67 and a 52-week high of $284.25.

Ryder System (NYSE:R - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The transportation company reported $3.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $3.29 billion. During the same quarter in the previous year, the firm posted $3.32 EPS. The firm'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, sell-side analysts predict that Ryder System, Inc. will post 14.74 EPS for the current fiscal year.

Ryder System Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Monday, August 24th will be given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 1.7%. This is a boost from Ryder System's previous quarterly dividend of $0.91. The ex-dividend date is Monday, August 24th. Ryder System's dividend payout ratio is currently 32.87%.

Wall Street Analyst Weigh In

R has been the topic of a number of research reports. Citigroup boosted their price objective on Ryder System from $280.00 to $283.00 and gave the stock a "neutral" rating in a research note on Friday, July 24th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Ryder System in a report on Monday, August 24th. JPMorgan Chase & Co. lifted their price target on shares of Ryder System from $259.00 to $296.00 and gave the company a "neutral" rating in a research note on Friday, July 24th. Wall Street Zen lowered Ryder System from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Finally, Robert W. Baird raised 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. 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. Based on data from MarketBeat.com, Ryder System presently has an average rating of "Moderate Buy" and a consensus price target of $294.14.

Ryder System Profile

Ryder System, Inc is a transportation and logistics company that provides fleet management, supply chain and dedicated transportation services. The company serves commercial customers across industries, helping them manage the movement, storage and delivery of goods through integrated transportation and logistics solutions.

Ryder's fleet management offerings include commercial truck leasing, rental, maintenance and related support services. It also sells used vehicles and provides technology designed to help customers monitor fleets, improve utilization and manage transportation operations.

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