Deutsche Bank AG acquired a new stake in Ryder System, Inc. (NYSE:R - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 57,877 shares of the transportation company's stock, valued at approximately $15,266,000. Deutsche Bank AG owned approximately 0.15% of Ryder System as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB increased its position in shares of Ryder System by 36.8% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 160 shares of the transportation company's stock worth $42,000 after acquiring an additional 43 shares during the last quarter. Quantum Portfolio Management LLC grew its position in shares of Ryder System by 2.1% during the 1st quarter. Quantum Portfolio Management LLC now owns 2,564 shares of the transportation company's stock valued at $525,000 after buying an additional 52 shares during the last quarter. Orion Porfolio Solutions LLC boosted its position in Ryder System by 2.4% during the 4th quarter. Orion Porfolio Solutions LLC now owns 2,262 shares of the transportation company's stock valued at $433,000 after purchasing an additional 52 shares during the period. Corient Private Wealth LLC increased its holdings in shares of Ryder System by 0.8% in the 4th quarter. Corient Private Wealth LLC now owns 7,337 shares of the transportation company's stock worth $1,404,000 after acquiring an additional 58 shares during the period. Finally, Vectors Research Management LLC boosted its position in shares of Ryder System by 0.3% during the fourth quarter. Vectors Research Management LLC now owns 18,512 shares of the transportation company's stock worth $3,543,000 after buying an additional 61 shares during the period. 87.47% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Ryder System
In related news, SVP Sanford J. Hodes sold 595 shares of the 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 completion of the sale, the senior vice president directly owned 22,948 shares of the company's stock, valued at approximately $5,781,748.60. This represents a 2.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.90% of the company's stock.
Analysts Set New Price Targets
R has been the topic of several research analyst reports. Wells Fargo & Company raised their target price on shares of Ryder System from $290.00 to $300.00 and gave the company an "overweight" rating in a research note on Friday, July 24th. Citizens Jmp initiated coverage on Ryder System in a research note on Wednesday, July 15th. They set a "market perform" rating for the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Ryder System in a report on Wednesday, May 27th. Citigroup boosted their price target on shares of Ryder System from $280.00 to $283.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. Finally, Stephens raised shares of Ryder System to a "strong-buy" rating in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Ryder System presently has an average rating of "Moderate Buy" and an average target price of $294.14.
View Our Latest Stock Analysis on R
Ryder System Trading Up 0.6%
Shares of NYSE R opened at $249.44 on Friday. 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 $9.57 billion, a price-to-earnings ratio of 20.30 and a beta of 1.02. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.91. The business has a fifty day simple moving average of $264.42 and a 200-day simple moving average of $238.70.
Ryder System (NYSE:R - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The transportation company reported $3.73 earnings per share for the quarter, topping 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%.Ryder System's revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the business 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. Sell-side analysts predict that Ryder System, Inc. will post 14.74 EPS for the current year.
Ryder System Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders 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 yield of 1.6%. The ex-dividend date is Monday, August 24th. This is a positive change from Ryder System's previous quarterly dividend of $0.91. Ryder System's dividend payout ratio is presently 29.62%.
About Ryder System
(
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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