Vise Technologies Inc. purchased a new stake in Ryder System, Inc. (NYSE:R – Free Report) in the second quarter, HoldingsChannel.com reports. The firm purchased 5,693 shares of the transportation company’s stock, valued at approximately $1,502,000.
A number of other large investors have also modified their holdings of R. Cedar Mountain Advisors LLC increased its holdings in shares of Ryder System by 522.7% during the first quarter. Cedar Mountain Advisors LLC now owns 137 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 115 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Ryder System in the 2nd quarter valued at approximately $30,000. Los Angeles Capital Management LLC acquired a new stake in Ryder System in the 4th quarter worth approximately $31,000. Geneos Wealth Management Inc. boosted its stake in Ryder System by 61.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company’s stock worth $41,000 after purchasing an additional 109 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in Ryder System by 36.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 160 shares of the transportation company’s stock worth $42,000 after purchasing an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.
Analyst Ratings Changes
R has been the topic of a number of recent analyst reports. Barclays upped their price target on shares of Ryder System from $290.00 to $300.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Robert W. Baird lifted 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. JPMorgan Chase & Co. boosted their price objective on shares of Ryder System from $259.00 to $296.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Wall Street Zen upgraded Ryder System from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Finally, Wells Fargo & Company raised their target price on Ryder System from $290.00 to $300.00 and gave the stock an “overweight” rating in a research note 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ryder System currently has a consensus rating of “Moderate Buy” and a consensus price target of $294.14.
Ryder System Stock Up 0.6%
Shares of R opened at $249.44 on Friday. Ryder System, Inc. has a 52 week low of $157.67 and a 52 week high of $284.25. 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 $9.57 billion, a price-to-earnings ratio of 20.30 and a beta of 1.02. The stock’s 50-day moving average price is $264.42 and its 200-day moving average price is $238.70.
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 the consensus estimate of $3.69 by $0.04. The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $3.29 billion. Ryder System had a return on equity of 18.28% and a net margin of 3.88%.Ryder System’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the company earned $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. On average, sell-side analysts predict 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. Stockholders of record on Monday, August 24th will be paid a dividend of $1.01 per share. 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. This is a positive change from Ryder System’s previous quarterly dividend of $0.91. Ryder System’s dividend payout ratio is 29.62%.
Insider Buying and Selling at Ryder System
In other news, SVP Sanford J. Hodes sold 595 shares of Ryder System stock in a transaction that occurred on 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 of the company’s stock, valued at $5,781,748.60. The trade was a 2.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.90% of the stock is currently owned by company insiders.
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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