Meiji Yasuda Asset Management Co Ltd. Makes New Investment in Ryder System, Inc. $R

Key Points

• Meiji Yasuda Asset Management purchased 22,171 Ryder System shares worth approximately $5.85 million, joining other institutions that increased or initiated positions. Institutional investors now own 87.47% of the company.
• Ryder exceeded quarterly EPS estimates with $3.73 per share, while revenue rose 5% year over year to $2.69 billion. The company reaffirmed fiscal 2026 EPS guidance of $14.40–$14.80.
• Ryder raised its quarterly dividend from $0.91 to $1.01 per share, implying a $4.04 annual payout and a 1.6% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $294.14.

Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of Ryder System, Inc. (NYSE:R - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 22,171 shares of the transportation company's stock, valued at approximately $5,848,000. Meiji Yasuda Asset Management Co Ltd. owned 0.06% of Ryder System at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. bought a new position in Ryder System during the 2nd quarter worth $1,060,749,000. Norges Bank bought a new stake in shares of Ryder System during the 4th quarter valued at $111,168,000. JPMorgan Chase & Co. grew its holdings in shares of Ryder System by 326.8% during the 4th quarter. JPMorgan Chase & Co. now owns 705,037 shares of the transportation company's stock worth $134,937,000 after purchasing an additional 539,854 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Ryder System in the second quarter worth $136,320,000. Finally, Orbis Allan Gray Ltd increased its position in shares of Ryder System by 107.3% in the fourth quarter. Orbis Allan Gray Ltd now owns 974,620 shares of the transportation company's stock worth $186,533,000 after purchasing an additional 504,404 shares during the period. 87.47% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Ryder System news, SVP Sanford J. Hodes sold 595 shares of the firm's stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $251.95, for a total value of $149,910.25. Following the sale, the senior vice president owned 22,948 shares in the company, valued at $5,781,748.60. This trade represents a 2.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 4.90% of the stock is owned by corporate insiders.

Ryder System Stock Performance

Ryder System stock opened at $249.44 on Monday. 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 $9.57 billion, a PE ratio of 20.30 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 $264.42 and its two-hundred day moving average price is $238.94.

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. Ryder System had a net margin of 3.88% and a return on equity of 18.28%. The firm had revenue of $2.69 billion during the quarter, compared to analysts' expectations of $3.29 billion. During the same quarter in the prior year, the business earned $3.32 earnings per share. The business's revenue for the quarter was up 5.0% compared to the same quarter last year. 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 disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Monday, August 24th will be paid a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, August 24th. This is a positive change from Ryder System's previous quarterly dividend of $0.91. Ryder System's payout ratio is currently 32.87%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on R shares. Robert W. Baird upped their price objective on shares of Ryder System from $253.00 to $290.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 17th. Barclays raised their target price on shares of Ryder System from $290.00 to $300.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. Citizens Jmp initiated coverage on shares of Ryder System in a research report on Wednesday, July 15th. They issued a "market perform" rating for the company. Zacks Research downgraded shares of Ryder System from a "strong-buy" rating to a "hold" rating in a report on Monday, June 22nd. Finally, Wells Fargo & Company increased their price target on shares of Ryder System from $290.00 to $300.00 and gave the stock an "overweight" rating in a research report 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 company presently has a consensus rating of "Moderate Buy" and an average target price 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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