Commerce Bank Buys New Stake in Ryder System, Inc. $R

Commerce Bank bought a new stake in Ryder System, Inc. (NYSE:R - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,416 shares of the transportation company's stock, valued at approximately $1,165,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Keating Financial Advisory Services Inc. purchased a new position in shares of Ryder System in the second quarter valued at approximately $26,000. Cedar Mountain Advisors LLC increased its stake in Ryder System by 522.7% during the 1st quarter. Cedar Mountain Advisors LLC now owns 137 shares of the transportation company's stock worth $28,000 after buying an additional 115 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Ryder System during the 2nd quarter worth approximately $30,000. Los Angeles Capital Management LLC acquired a new stake in Ryder System during the 4th quarter worth approximately $31,000. Finally, Geneos Wealth Management Inc. boosted its position in Ryder System by 61.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company's stock valued at $41,000 after buying an additional 109 shares during the period. 87.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on R. Robert W. Baird boosted their price objective 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. Citigroup raised their target price on shares of Ryder System from $280.00 to $283.00 and gave the stock a "neutral" rating in a research note on Friday, July 24th. Wells Fargo & Company increased their price target on shares of Ryder System from $290.00 to $300.00 and gave the stock an "overweight" rating in a report on Friday, July 24th. Morgan Stanley raised their price objective on shares of Ryder System from $263.00 to $280.00 and gave the company an "overweight" rating in a research report on Monday, July 6th. Finally, Susquehanna lifted their price objective on Ryder System from $290.00 to $310.00 and gave the company a "positive" rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $294.14.

Ryder System Stock Up 0.4%

Shares of NYSE R opened at $246.00 on Wednesday. The stock has a fifty day moving average price of $263.20 and a 200 day moving average price of $239.47. 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 company has a market cap of $9.43 billion, a P/E ratio of 20.02 and a beta of 1.02.

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, topping the consensus estimate of $3.69 by $0.04. The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $3.29 billion. Ryder System had a return on equity of 18.28% and a net margin of 3.88%.Ryder System's revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the company posted $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 anticipate that Ryder System, Inc. will post 14.74 EPS for the current fiscal year.

Ryder System Increases Dividend

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

Insiders Place Their Bets

In related news, SVP Sanford J. Hodes sold 595 shares of Ryder System stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $251.95, for a total value of $149,910.25. Following the transaction, the senior vice president owned 22,948 shares of the company's stock, valued at approximately $5,781,748.60. This trade represents a 2.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.90% of the company's stock.

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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