NewEdge Advisors LLC Has $3.64 Million Holdings in Ryder System, Inc. $R

NewEdge Advisors LLC lessened its stake in shares of Ryder System, Inc. (NYSE:R) by 34.2% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 17,768 shares of the transportation company’s stock after selling 9,245 shares during the period. NewEdge Advisors LLC’s holdings in Ryder System were worth $3,637,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Quantum Portfolio Management LLC grew its position in Ryder System by 2.1% in the first quarter. Quantum Portfolio Management LLC now owns 2,564 shares of the transportation company’s stock valued at $525,000 after acquiring an additional 52 shares during the period. Orion Porfolio Solutions LLC lifted its holdings in shares of Ryder System by 2.4% during the fourth quarter. Orion Porfolio Solutions LLC now owns 2,262 shares of the transportation company’s stock valued at $433,000 after acquiring an additional 52 shares during the period. Corient Private Wealth LLC boosted its stake in shares of Ryder System by 0.8% in the 4th quarter. Corient Private Wealth LLC now owns 7,337 shares of the transportation company’s stock valued at $1,404,000 after purchasing an additional 58 shares in the last quarter. Vectors Research Management LLC boosted its stake in shares of Ryder System by 0.3% in the 4th quarter. Vectors Research Management LLC now owns 18,512 shares of the transportation company’s stock valued at $3,543,000 after purchasing an additional 61 shares in the last quarter. Finally, Inspire Investing LLC grew its holdings in shares of Ryder System by 4.0% in the 4th quarter. Inspire Investing LLC now owns 1,709 shares of the transportation company’s stock worth $327,000 after purchasing an additional 65 shares during the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Ryder System in a research report on Wednesday, May 27th. Citigroup boosted their price target 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. Susquehanna upped their price objective on shares of Ryder System from $290.00 to $310.00 and gave the stock a “positive” rating in a research note on Friday, July 24th. Robert W. Baird raised their price objective on shares of Ryder System from $253.00 to $290.00 and gave the stock an “outperform” rating in a report on Wednesday, June 17th. Finally, Stephens upgraded shares of Ryder System to a “strong-buy” rating in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Ryder System has a consensus rating of “Moderate Buy” and an average price target of $294.14.

Insider Buying and Selling

In related news, Director Luis P. Nieto, Jr. sold 720 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $235.79, for a total value of $169,768.80. Following the completion of the sale, the director owned 29,974 shares of the company’s stock, valued at $7,067,569.46. This trade represents a 2.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Sanford J. Hodes sold 595 shares of the business’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 transaction of $149,910.25. Following the completion of the transaction, the senior vice president 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 disclosure for this sale is available in the SEC filing. Company insiders own 4.90% of the company’s stock.

Ryder System Stock Performance

Shares of NYSE:R opened at $256.51 on Friday. The business has a fifty day moving average of $264.83 and a 200-day moving average of $231.48. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.65 and a current ratio of 0.65. Ryder System, Inc. has a twelve month low of $157.67 and a twelve month high of $284.25. The firm has a market cap of $9.84 billion, a PE ratio of 20.87 and a beta of 1.01.

Ryder System (NYSE:R) last issued its quarterly earnings results on Thursday, July 23rd. The transportation company reported $3.73 earnings per share (EPS) 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 business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter in the prior year, the company earned $3.32 EPS. The firm’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, equities research analysts predict that Ryder System, Inc. will post 14.74 EPS for the current fiscal year.

Ryder System Increases Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 1.6%. This is an increase from Ryder System’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Monday, August 24th. Ryder System’s payout ratio is currently 29.62%.

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.