Quantbot Technologies LP bought a new position in shares of Ryder System, Inc. (NYSE:R – Free Report) in the 2nd quarter, Holdings Channel reports. The fund bought 18,891 shares of the transportation company’s stock, valued at approximately $4,983,000.
Several other institutional investors have also recently added to or reduced their stakes in R. Evolve Private Wealth LLC purchased a new stake in Ryder System during the 2nd quarter valued at approximately $250,000. Landscape Capital Management L.L.C. purchased a new position in shares of Ryder System in the 2nd quarter valued at approximately $2,109,000. Callan Family Office LLC purchased a new position in shares of Ryder System in the 2nd quarter valued at approximately $812,000. Keating Financial Advisory Services Inc. acquired a new position in shares of Ryder System in the second quarter valued at approximately $26,000. Finally, Allworth Financial LP acquired a new position in shares of Ryder System in the second quarter valued at approximately $11,498,000. Institutional investors and hedge funds own 87.47% of the company’s stock.
Insiders Place Their Bets
In related news, SVP Sanford J. Hodes sold 595 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was 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 directly owned 22,948 shares of the company’s stock, valued at $5,781,748.60. This trade represents a 2.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.90% of the stock is owned by insiders.
Analysts Set New Price Targets
Read Our Latest Research Report on R
Ryder System Stock Up 0.6%
Shares of NYSE R opened at $249.44 on Friday. The stock has a market capitalization of $9.57 billion, a price-to-earnings ratio of 20.30 and a beta of 1.02. Ryder System, Inc. has a 52 week low of $157.67 and a 52 week high of $284.25. The firm has a 50-day moving average price of $264.42 and a 200 day moving average price of $238.70. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.91.
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. Ryder System had a net margin of 3.88% and a return on equity of 18.28%. The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same period in the prior year, the business posted $3.32 earnings per share. The firm’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. Equities research analysts anticipate that Ryder System, Inc. will post 14.74 EPS for the current fiscal year.
Ryder System Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Monday, August 24th will be issued a $1.01 dividend. 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%. This is an increase from Ryder System’s previous quarterly dividend of $0.91. Ryder System’s payout ratio is currently 29.62%.
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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