Ryder System, Inc. $R Shares Sold by Empowered Funds LLC

Empowered Funds LLC lessened its position in shares of Ryder System, Inc. (NYSE:R - Free Report) by 93.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,239 shares of the transportation company's stock after selling 47,667 shares during the quarter. Empowered Funds LLC's holdings in Ryder System were worth $663,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Royal Bank of Canada lifted its holdings in shares of Ryder System by 52.8% during the first quarter. Royal Bank of Canada now owns 15,765 shares of the transportation company's stock worth $2,267,000 after purchasing an additional 5,448 shares during the period. Focus Partners Wealth increased its holdings in Ryder System by 7.9% in the 1st quarter. Focus Partners Wealth now owns 1,851 shares of the transportation company's stock worth $266,000 after buying an additional 135 shares during the period. Geneos Wealth Management Inc. raised its position in Ryder System by 61.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company's stock worth $41,000 after buying an additional 109 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Ryder System by 10.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,191 shares of the transportation company's stock worth $189,000 after buying an additional 110 shares during the last quarter. Finally, M&T Bank Corp lifted its stake in Ryder System by 10.9% during the 2nd quarter. M&T Bank Corp now owns 2,153 shares of the transportation company's stock valued at $343,000 after acquiring an additional 212 shares during the period. 87.47% of the stock is owned by institutional investors and hedge funds.

Ryder System Trading Up 0.2%

Shares of NYSE:R opened at $264.40 on Tuesday. The company has a current ratio of 0.65, a quick 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 business has a 50 day moving average of $266.44 and a two-hundred day moving average of $237.32. The company has a market capitalization of $10.14 billion, a PE ratio of 21.51 and a beta of 1.02.

Ryder System (NYSE:R - Get Free Report) last issued 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 analysts' expectations of $3.29 billion. During the same quarter last year, the company earned $3.32 EPS. The business's revenue 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, analysts forecast that Ryder System, Inc. will post 14.74 EPS for the current year.

Ryder System Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Monday, August 24th will be issued a $1.01 dividend. 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. This represents a $4.04 dividend on an annualized basis and a yield of 1.5%. Ryder System's dividend payout ratio is presently 32.87%.

Insider Buying and Selling at Ryder System

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

Wall Street Analysts Forecast Growth

R has been the topic of a number of research reports. Robert W. Baird increased their price objective on shares of Ryder System from $253.00 to $290.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 17th. Wall Street Zen raised shares of Ryder System from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 8th. Citigroup boosted their target price 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. Stephens raised shares of Ryder System to a "strong-buy" rating in a report on Wednesday, July 8th. Finally, Wells Fargo & Company increased their price target on Ryder System from $290.00 to $300.00 and gave the stock an "overweight" rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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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