Braun Stacey Associates Inc. boosted its stake in shares of Ryder System, Inc. (NYSE:R – Free Report) by 88.6% during the second quarter, Holdings Channel reports. The firm owned 112,290 shares of the transportation company’s stock after purchasing an additional 52,748 shares during the quarter. Braun Stacey Associates Inc.’s holdings in Ryder System were worth $29,619,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in R. Keating Financial Advisory Services Inc. purchased a new stake in Ryder System during the 2nd quarter valued at $26,000. Cedar Mountain Advisors LLC boosted its stake in shares of Ryder System by 522.7% in the 1st quarter. Cedar Mountain Advisors LLC now owns 137 shares of the transportation company’s stock worth $28,000 after buying an additional 115 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Ryder System in the second quarter worth $30,000. Los Angeles Capital Management LLC bought a new stake in shares of Ryder System in the fourth quarter worth $31,000. Finally, Geneos Wealth Management Inc. increased its position in Ryder System by 61.2% during the first quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company’s stock valued at $41,000 after acquiring an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have weighed in on R shares. Robert W. Baird increased their target price on Ryder System from $253.00 to $290.00 and gave the company an “outperform” rating in a report on Wednesday, June 17th. JPMorgan Chase & Co. upped 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. Morgan Stanley increased their price objective on shares of Ryder System from $263.00 to $280.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Susquehanna raised their price objective on shares of Ryder System from $290.00 to $310.00 and gave the stock a “positive” rating in a report on Friday, July 24th. Finally, 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. One equities research 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $294.14.
Ryder System Price Performance
NYSE R opened at $246.04 on Friday. The company has a market capitalization of $9.44 billion, a PE 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. The business’s fifty day moving average is $262.20 and its 200 day moving average is $239.98. Ryder System, Inc. has a fifty-two week low of $157.67 and a fifty-two week high of $284.25.
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 (EPS) for the quarter, beating the consensus estimate of $3.69 by $0.04. The business had revenue of $2.69 billion during 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $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. Sell-side analysts predict that Ryder System, Inc. will post 14.74 earnings per share for the current 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 dividend of $1.01 per share. This is a boost from Ryder System’s previous quarterly dividend of $0.91. The ex-dividend date is Monday, August 24th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.6%. Ryder System’s dividend payout ratio 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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