Man Group plc Takes $16.23 Million Position in Ryder System, Inc. $R

Man Group plc purchased a new position in shares of Ryder System, Inc. (NYSE:R - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 61,532 shares of the transportation company's stock, valued at approximately $16,230,000. Man Group plc owned about 0.16% of Ryder System at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of R. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Ryder System by 9.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 194,632 shares of the transportation company's stock valued at $39,843,000 after buying an additional 16,070 shares during the period. California State Teachers Retirement System grew its holdings in Ryder System by 23.6% during the first quarter. California State Teachers Retirement System now owns 48,030 shares of the transportation company's stock worth $9,832,000 after acquiring an additional 9,179 shares during the period. Braun Stacey Associates Inc. purchased a new position in Ryder System in the first quarter worth $12,189,000. NewEdge Wealth LLC lifted its holdings in Ryder System by 2.9% in the fourth quarter. NewEdge Wealth LLC now owns 250,334 shares of the transportation company's stock valued at $47,911,000 after acquiring an additional 6,952 shares during the period. Finally, Kingdom Financial Group LLC. acquired a new stake in Ryder System in the fourth quarter valued at $841,000. 87.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on R shares. Wall Street Zen raised shares of Ryder System from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 8th. Citizens Jmp initiated coverage on shares of Ryder System in a report on Wednesday, July 15th. They issued a "market perform" rating for the company. Citigroup lifted their price target on shares of Ryder System from $280.00 to $283.00 and gave the company a "neutral" rating in a research report on Friday, July 24th. Robert W. Baird boosted their price target on Ryder System from $253.00 to $290.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 17th. Finally, Wells Fargo & Company raised their price objective on Ryder System from $290.00 to $300.00 and gave the company an "overweight" rating in a research note on Friday, July 24th. One 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.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $294.14.

Ryder System Stock Down 0.7%

Shares of NYSE:R opened at $247.99 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 company has a market capitalization of $9.51 billion, a P/E ratio of 20.18 and a beta of 1.02. Ryder System, Inc. has a 52-week low of $157.67 and a 52-week high of $284.25. The stock's fifty day simple moving average is $262.56 and its 200-day simple moving average is $239.94.

Ryder System (NYSE:R - Get Free Report) last posted 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. The firm had revenue of $2.69 billion during 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%.The firm's quarterly revenue was up 5.0% compared to the same quarter last year. 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. As a group, equities research analysts forecast that Ryder System, Inc. will post 14.74 earnings per share 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. Stockholders of record on Monday, August 24th will be given a $1.01 dividend. 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%. The ex-dividend date of this dividend is Monday, August 24th. Ryder System's dividend payout ratio (DPR) is presently 32.87%.

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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