4,342 Shares in Ryder System, Inc. $R Acquired by Kentucky Retirement Systems

Kentucky Retirement Systems bought a new stake in shares of Ryder System, Inc. (NYSE:R) in the 1st quarter, Holdings Channel.com reports. The firm bought 4,342 shares of the transportation company’s stock, valued at approximately $889,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cedar Mountain Advisors LLC raised its position in Ryder System by 522.7% in the first quarter. Cedar Mountain Advisors LLC now owns 137 shares of the transportation company’s stock worth $28,000 after acquiring an additional 115 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Ryder System during the 4th quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Ryder System in the 4th quarter worth $34,000. Optima Capital LLC purchased a new stake in shares of Ryder System in the 4th quarter worth $39,000. Finally, Geneos Wealth Management Inc. raised its holdings 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 during the period. 87.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on R. Barclays lifted their target price on Ryder System from $290.00 to $300.00 and gave the company an “overweight” rating in a research report on Wednesday. JPMorgan Chase & Co. upped their price target on Ryder System from $259.00 to $296.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Zacks Research downgraded Ryder System from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Wells Fargo & Company lifted their price objective on Ryder System from $290.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. Finally, Robert W. Baird boosted their price objective on Ryder System from $253.00 to $290.00 and gave the company an “outperform” rating in a research note on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $294.14.

Insider Buying and Selling

In other Ryder System news, Director Luis P. Nieto, Jr. sold 720 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $235.79, for a total transaction of $169,768.80. Following the completion of the sale, the director directly owned 29,974 shares of the company’s stock, valued at $7,067,569.46. This trade represents a 2.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 sale, the senior vice president owned 22,948 shares in the company, valued at approximately $5,781,748.60. The trade was a 2.53% decrease in their position. The disclosure for this sale is available in the SEC filing. 4.90% of the stock is currently owned by insiders.

Ryder System Trading Down 0.6%

Shares of R stock opened at $256.51 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 debt-to-equity ratio of 1.91, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market capitalization of $9.84 billion, a PE ratio of 20.87 and a beta of 1.01. The stock has a fifty day simple moving average of $264.83 and a two-hundred day simple moving average of $231.48.

Ryder System (NYSE:R) last posted its quarterly earnings results on Thursday, July 23rd. The transportation company reported $3.73 EPS for the quarter, beating analysts’ consensus estimates of $3.69 by $0.04. Ryder System had a return on equity of 18.28% and a net margin of 3.88%.The business had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $3.29 billion. During the same period last year, the firm earned $3.32 earnings per share. The business’s quarterly 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. On average, analysts predict that Ryder System, Inc. will post 14.74 EPS for the current fiscal year.

Ryder System Increases Dividend

The firm also recently announced 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 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 29.62%.

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.