J. Goldman & Co LP Invests $9.18 Million in Ryder System, Inc. $R

J. Goldman & Co LP purchased a new stake in Ryder System, Inc. (NYSE:R - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 34,788 shares of the transportation company's stock, valued at approximately $9,176,000. J. Goldman & Co LP owned 0.09% of Ryder System as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Keating Financial Advisory Services Inc. bought a new stake in shares of Ryder System in the second quarter worth about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Ryder System during the 2nd quarter valued at about $30,000. Cedar Mountain Advisors LLC grew its position in shares of Ryder System by 522.7% in the 1st quarter. Cedar Mountain Advisors LLC now owns 137 shares of the transportation company's stock valued at $28,000 after purchasing an additional 115 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in shares of Ryder System by 36.8% in 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 period. Finally, Los Angeles Capital Management LLC bought a new stake in Ryder System during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 87.47% of the company's stock.

Insider Activity at Ryder System

In other news, SVP Sanford J. Hodes sold 595 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $251.95, for a total transaction of $149,910.25. Following the completion of the transaction, the senior vice president directly owned 22,948 shares in the company, valued at $5,781,748.60. This represents a 2.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.90% of the stock is currently owned by corporate insiders.

Ryder System Price Performance

NYSE R opened at $246.00 on Wednesday. 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 12-month low of $157.67 and a 12-month high of $284.25. The company has a market capitalization of $9.43 billion, a PE ratio of 20.02 and a beta of 1.02. The firm's 50 day moving average is $263.20 and its 200-day moving average is $239.47.

Ryder System (NYSE:R - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The transportation company reported $3.73 EPS for the quarter, topping 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 business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $3.29 billion. The firm's revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. Equities research analysts anticipate that Ryder System, Inc. will post 14.74 earnings per share for the current fiscal year.

Ryder System Increases Dividend

The firm also recently declared 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 is a boost from Ryder System's previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Monday, August 24th. This represents a $4.04 annualized dividend and a yield of 1.6%. Ryder System's payout ratio is presently 32.87%.

Analysts Set New Price Targets

R has been the topic of several research analyst reports. Zacks Research downgraded shares of Ryder System from a "strong-buy" rating to a "hold" rating in a report on Monday, June 22nd. JPMorgan Chase & Co. increased their price objective on shares of Ryder System from $259.00 to $296.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. Barclays raised their price objective on shares of Ryder System from $290.00 to $300.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Ryder System in a research note on Monday. Finally, Wall Street Zen upgraded Ryder System from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $294.14.

About Ryder System

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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