Legal & General Group Plc Makes New Investment in Ryder System, Inc. $R

Key Points

• Legal & General Group initiated a position in Ryder System by purchasing 62,964 shares worth approximately $16.6 million. Institutional investors now own 87.47% of the company.
• Ryder reported quarterly earnings of $3.73 per share, slightly exceeding estimates, while revenue rose 5% year over year to $2.69 billion. The company issued fiscal 2026 EPS guidance of $14.40–$14.80.
• Ryder increased its quarterly dividend from $0.91 to $1.01 per share, implying an annualized dividend of $4.04 and a 1.6% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $294.14.

Legal & General Group Plc purchased a new position in Ryder System, Inc. (NYSE:R - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 62,964 shares of the transportation company's stock, valued at approximately $16,608,000. Legal & General Group Plc owned 0.16% of Ryder System at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Keating Financial Advisory Services Inc. purchased a new stake in Ryder System during the 2nd quarter worth about $26,000. Cedar Mountain Advisors LLC grew its holdings in Ryder System by 522.7% during the 1st quarter. Cedar Mountain Advisors LLC now owns 137 shares of the transportation company's stock valued at $28,000 after buying an additional 115 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Ryder System during the second quarter valued at about $30,000. Los Angeles Capital Management LLC purchased a new stake in shares of Ryder System in the fourth quarter worth about $31,000. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Ryder System by 61.2% in the first quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company's stock worth $41,000 after buying an additional 109 shares in the last quarter. 87.47% of the stock is currently owned by institutional investors.

Ryder System Stock Performance

NYSE R opened at $246.04 on Monday. Ryder System, Inc. has a 52-week low of $157.67 and a 52-week high of $284.25. The company has a fifty day moving average of $262.20 and a 200-day moving average of $240.15. The company has a market capitalization of $9.44 billion, a P/E ratio of 20.02 and a beta of 1.02. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.65 and a current ratio of 0.65.

Ryder System (NYSE:R - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The transportation company reported $3.73 earnings per share for the quarter, beating 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 business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter last year, the business posted $3.32 earnings per share. The company's revenue for the quarter 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. As a group, equities research 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. Investors of record on Monday, August 24th will be issued a dividend of $1.01 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.6%. This is a positive change from Ryder System's previous quarterly dividend of $0.91. Ryder System's payout ratio is 32.87%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Ryder System in a report on Monday, August 24th. JPMorgan Chase & Co. boosted their price target on shares of Ryder System from $259.00 to $296.00 and gave the company a "neutral" rating in a research report on Friday, July 24th. Wall Street Zen upgraded Ryder System from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 8th. Citigroup boosted their target price on Ryder System from $280.00 to $283.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. Finally, Wells Fargo & Company lifted their price target on Ryder System from $290.00 to $300.00 and gave the company an "overweight" rating in a research report on Friday, July 24th. 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $294.14.

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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