Great Lakes Advisors LLC Makes New Investment in Ryder System, Inc. $R

Key Points

• Great Lakes Advisors initiated a Ryder System position worth approximately $4.31 million by purchasing 16,339 shares in the second quarter. Institutional investors collectively own 87.47% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $294.14; Barclays and Morgan Stanley recently raised their targets.
• Ryder reported quarterly EPS of $3.73, slightly exceeding estimates, while revenue increased 5% year over year. The company also raised its quarterly dividend to $1.01 per share, implying a 1.6% yield.

Great Lakes Advisors LLC bought a new position in shares of Ryder System, Inc. (NYSE:R - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 16,339 shares of the transportation company's stock, valued at approximately $4,310,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB lifted its holdings in Ryder System by 36.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 160 shares of the transportation company's stock valued at $42,000 after purchasing an additional 43 shares during the last quarter. Quantum Portfolio Management LLC raised its position in shares of Ryder System by 2.1% in the first quarter. Quantum Portfolio Management LLC now owns 2,564 shares of the transportation company's stock valued at $525,000 after purchasing an additional 52 shares during the period. Orion Porfolio Solutions LLC raised its position in shares of Ryder System by 2.4% in the fourth 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 lifted its stake in shares of Ryder System by 0.8% during the 4th quarter. Corient Private Wealth LLC now owns 7,337 shares of the transportation company's stock worth $1,404,000 after buying an additional 58 shares during the last quarter. Finally, Vectors Research Management LLC boosted its holdings in shares of Ryder System by 0.3% during the 4th 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.

Analysts Set New Price Targets

Several research analysts have weighed in on R shares. Zacks Research cut shares of Ryder System from a "strong-buy" rating to a "hold" rating in a report on Monday, June 22nd. Barclays upped their target price on Ryder System from $290.00 to $300.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Wall Street Zen raised Ryder System from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 8th. Morgan Stanley boosted their price target on Ryder System from $263.00 to $280.00 and gave the company an "overweight" rating in a research note on Monday, July 6th. Finally, Stephens raised Ryder System to a "strong-buy" rating in a report on Wednesday, July 8th. One investment 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. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $294.14.

Ryder System Stock Performance

Ryder System stock opened at $247.94 on Friday. 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 stock has a market cap of $9.51 billion, a PE ratio of 20.17 and a beta of 1.02. Ryder System, Inc. has a 12-month low of $157.67 and a 12-month high of $284.25. The business's 50-day moving average price is $265.05 and its two-hundred day moving average price is $238.62.

Ryder System (NYSE:R - Get Free Report) last posted its earnings results on Thursday, July 23rd. The transportation company reported $3.73 EPS for the quarter, topping analysts' consensus estimates of $3.69 by $0.04. The firm had revenue of $2.69 billion during the quarter, compared to analysts' expectations 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 business earned $3.32 earnings per share. 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, analysts expect that Ryder System, Inc. will post 14.74 earnings per share for the current fiscal year.

Ryder System Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Monday, August 24th will be paid 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 dividend on an annualized basis and a dividend yield of 1.6%. Ryder System's payout ratio is presently 32.87%.

Insider Activity

In related news, SVP Sanford J. Hodes sold 595 shares of the firm's stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $251.95, for a total transaction of $149,910.25. Following the sale, the senior vice president owned 22,948 shares of the company's stock, valued at $5,781,748.60. This trade represents a 2.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 4.90% of the company's stock.

Ryder System Company 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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