NewEdge Wealth LLC bought a new position in shares of Ryder System, Inc. (NYSE:R – Free Report) during the 2nd quarter, Holdings Channel.com reports. The fund bought 282,560 shares of the transportation company’s stock, valued at approximately $74,531,000.
A number of other large investors have also modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Ryder System during the second quarter worth about $30,000. Cedar Mountain Advisors LLC boosted its stake in shares of Ryder System by 522.7% during the 1st quarter. Cedar Mountain Advisors LLC now owns 137 shares of the transportation company’s stock worth $28,000 after acquiring an additional 115 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Ryder System by 36.8% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 160 shares of the transportation company’s stock worth $42,000 after acquiring an additional 43 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of Ryder System in the 4th quarter worth approximately $31,000. Finally, Root Financial Partners LLC increased its stake in Ryder System by 45.5% in the 1st quarter. Root Financial Partners LLC now owns 243 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 76 shares in the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, SVP Sanford J. Hodes sold 595 shares of the business’s stock in a transaction 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 transaction, the senior vice president directly owned 22,948 shares of the company’s stock, valued at approximately $5,781,748.60. The trade was a 2.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.90% of the stock is currently owned by corporate insiders.
Ryder System Trading Down 3.2%
Ryder System (NYSE:R – Get Free Report) last issued its earnings results on Thursday, July 23rd. The transportation company reported $3.73 earnings per share for the quarter, topping the consensus estimate of $3.69 by $0.04. The business 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%.The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the company 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 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 declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Monday, August 24th will be given 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 of this dividend is Monday, August 24th. This represents a $4.04 annualized dividend and a yield of 1.6%. Ryder System’s dividend payout ratio is presently 29.62%.
Wall Street Analyst Weigh In
R has been the subject of a number of research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Ryder System in a research report on Wednesday, May 27th. Zacks Research lowered shares of Ryder System from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. Wells Fargo & Company increased their price objective on shares of Ryder System from $290.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. Susquehanna raised their target price on shares of Ryder System from $290.00 to $310.00 and gave the company a “positive” rating in a report on Friday, July 24th. Finally, Wall Street Zen upgraded shares of Ryder System from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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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