Meiji Yasuda Asset Management Co Ltd. Makes New $5.85 Million Investment in Ryder System, Inc. $R

Meiji Yasuda Asset Management Co Ltd. purchased a new stake in Ryder System, Inc. (NYSE:R) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 22,171 shares of the transportation company’s stock, valued at approximately $5,848,000.

Other large investors have also recently modified their holdings of the company. Keating Financial Advisory Services Inc. acquired a new position in shares of Ryder System during the second quarter worth $26,000. Cedar Mountain Advisors LLC grew its stake in shares of 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 purchasing an additional 115 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Ryder System in the second quarter valued at $30,000. Los Angeles Capital Management LLC acquired a new stake in Ryder System in the fourth quarter valued at $31,000. Finally, Geneos Wealth Management Inc. raised its position in Ryder System by 61.2% during 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 last quarter. Institutional investors own 87.47% of the company’s stock.

Insider Activity at Ryder System

In other news, SVP Sanford J. Hodes sold 595 shares of Ryder System stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $251.95, for a total value of $149,910.25. Following the completion of the sale, the senior vice president owned 22,948 shares in the company, valued at $5,781,748.60. The trade was a 2.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 4.90% of the stock is currently owned by company insiders.

Ryder System Stock Down 0.1%

Shares of NYSE:R opened at $249.44 on Monday. The company has a market capitalization of $9.57 billion, a price-to-earnings ratio of 20.30 and a beta of 1.02. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.65 and a quick ratio of 0.65. The business’s 50-day moving average is $264.42 and its 200-day moving average is $238.94. Ryder System, Inc. has a 1 year low of $157.67 and a 1 year high of $284.25.

Ryder System (NYSE:R) last released its earnings results on Thursday, July 23rd. The transportation company reported $3.73 EPS for the quarter, topping the consensus estimate of $3.69 by $0.04. The business had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $3.29 billion. Ryder System had a return on equity of 18.28% and a net margin of 3.88%.The firm’s revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $3.32 earnings per share. 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 predict that Ryder System, Inc. will post 14.74 earnings per share for the current year.

Ryder System Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Monday, August 24th will be given a dividend of $1.01 per share. This is a positive change 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 dividend yield of 1.6%. Ryder System’s payout ratio is 32.87%.

Analyst Ratings Changes

A number of equities research analysts have commented on R shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Ryder System in a research report on Wednesday, May 27th. Robert W. Baird raised their price objective on Ryder System from $253.00 to $290.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 17th. Barclays lifted their price objective on Ryder System from $290.00 to $300.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Morgan Stanley upped their target price on Ryder System from $263.00 to $280.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Finally, Wells Fargo & Company increased their target price on shares of Ryder System from $290.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Ryder System presently has a consensus rating of “Moderate Buy” and an average price target of $294.14.

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.