Denali Advisors LLC Invests $609,000 in Ryder System, Inc. $R

Denali Advisors LLC bought a new position in shares of Ryder System, Inc. (NYSE:R) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 2,307 shares of the transportation company’s stock, valued at approximately $609,000.

Other institutional investors also recently bought and sold shares of the company. Cedar Mountain Advisors LLC boosted its position in Ryder System by 522.7% in the 1st quarter. Cedar Mountain Advisors LLC now owns 137 shares of the transportation company’s stock worth $28,000 after purchasing an additional 115 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Ryder System during the 2nd quarter worth approximately $30,000. Los Angeles Capital Management LLC purchased a new position in shares of Ryder System during the 4th quarter valued at approximately $31,000. Geneos Wealth Management Inc. increased its holdings in shares of Ryder System by 61.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company’s stock valued at $41,000 after purchasing an additional 109 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake 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 valued at $42,000 after purchasing an additional 43 shares during the period. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Ryder System Price Performance

Shares of NYSE R opened at $247.94 on Friday. 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 fifty day moving average of $265.05 and a 200 day moving average of $238.62. The firm has a market cap of $9.51 billion, a PE ratio of 20.17 and a beta of 1.02. 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 quarterly earnings data on Thursday, July 23rd. The transportation company reported $3.73 earnings per share (EPS) for the quarter, beating 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 period last year, the firm posted $3.32 earnings per share. The company’s revenue 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. As a group, research analysts predict that Ryder System, Inc. will post 14.74 EPS for the current fiscal year.

Ryder System Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Monday, August 24th will be paid a dividend of $1.01 per share. This is an increase from Ryder System’s previous quarterly dividend of $0.91. The ex-dividend date is Monday, August 24th. This represents a $4.04 annualized dividend and a yield of 1.6%. Ryder System’s dividend payout ratio (DPR) is presently 32.87%.

Analyst Ratings Changes

R has been the topic of a number of recent analyst reports. Stephens raised shares of Ryder System to a “strong-buy” rating in a report on Wednesday, July 8th. Citizens Jmp started coverage on shares of Ryder System in a research report on Wednesday, July 15th. They issued a “market perform” rating for the company. JPMorgan Chase & Co. increased their target price on shares of Ryder System from $259.00 to $296.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Citigroup raised their target price on Ryder System from $280.00 to $283.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Finally, Barclays lifted their price target on Ryder System from $290.00 to $300.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. 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, Ryder System presently has a consensus rating of “Moderate Buy” and a consensus price target of $294.14.

Insider Buying and Selling

In other Ryder System news, SVP Sanford J. Hodes sold 595 shares of the 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 represents a 2.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 4.90% of the company’s stock.

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.