NewEdge Wealth LLC Acquires Shares of 282,560 Ryder System, Inc. $R

NewEdge Wealth LLC acquired a new position in shares of Ryder System, Inc. (NYSE:R) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 282,560 shares of the transportation company’s stock, valued at approximately $74,531,000. NewEdge Wealth LLC owned 0.74% of Ryder System at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in R. Royal Bank of Canada increased its stake in shares of Ryder System by 52.8% in the 1st quarter. Royal Bank of Canada now owns 15,765 shares of the transportation company’s stock valued at $2,267,000 after purchasing an additional 5,448 shares in the last quarter. Focus Partners Wealth boosted its position in Ryder System by 7.9% during the first quarter. Focus Partners Wealth now owns 1,851 shares of the transportation company’s stock worth $266,000 after purchasing an additional 135 shares in the last quarter. Geneos Wealth Management Inc. boosted 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 worth $41,000 after purchasing an additional 109 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Ryder System by 10.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,191 shares of the transportation company’s stock valued at $189,000 after purchasing an additional 110 shares during the period. Finally, M&T Bank Corp grew its holdings in Ryder System by 10.9% in the second quarter. M&T Bank Corp now owns 2,153 shares of the transportation company’s stock valued at $343,000 after purchasing an additional 212 shares during the period. 87.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Ryder System in a report on Wednesday, May 27th. Stephens upgraded shares of Ryder System to a “strong-buy” rating in a research report on Wednesday, July 8th. Wells Fargo & Company upped their price target on shares of Ryder System from $290.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. Wall Street Zen raised shares of Ryder System from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Finally, Barclays lifted their price objective on Ryder System from $290.00 to $300.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. One research 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $294.14.

Insiders Place Their Bets

In other news, SVP Sanford J. Hodes sold 595 shares of the business’s stock in a transaction dated 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 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.90% of the stock is currently owned by company insiders.

Ryder System Stock Down 3.2%

R stock opened at $250.92 on Thursday. The firm has a market cap of $9.62 billion, a PE ratio of 20.42 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 firm’s 50 day moving average price is $265.71 and its 200-day moving average price is $238.22. Ryder System, Inc. has a one year low of $157.67 and a one year high of $284.25.

Ryder System (NYSE:R) last posted its 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 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 analysts’ expectations of $3.29 billion. During the same quarter in the prior year, the company posted $3.32 earnings per share. Ryder System’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. On average, equities research analysts anticipate that Ryder System, Inc. will post 14.74 EPS for the current year.

Ryder System Increases Dividend

The business 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 represents a $4.04 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, August 24th. This is a positive change from Ryder System’s previous quarterly dividend of $0.91. Ryder System’s payout ratio is presently 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.