Legal & General Group Plc Takes $16.61 Million Position in Ryder System, Inc. $R

Legal & General Group Plc bought a new stake in shares of Ryder System, Inc. (NYSE:R) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 62,964 shares of the transportation company’s stock, valued at approximately $16,608,000.

A number of other large investors also recently added to or reduced their stakes in R. Arrowstreet Capital Limited Partnership boosted its position in Ryder System by 9.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 194,632 shares of the transportation company’s stock valued at $39,843,000 after buying an additional 16,070 shares during the period. California State Teachers Retirement System increased its holdings in shares of Ryder System by 23.6% in the first quarter. California State Teachers Retirement System now owns 48,030 shares of the transportation company’s stock worth $9,832,000 after buying an additional 9,179 shares during the period. NewEdge Wealth LLC lifted its stake in shares of Ryder System by 2.9% in the 4th quarter. NewEdge Wealth LLC now owns 250,334 shares of the transportation company’s stock valued at $47,911,000 after acquiring an additional 6,952 shares during the last quarter. Braun Stacey Associates Inc. bought a new stake in shares of Ryder System in the 1st quarter valued at about $12,189,000. Finally, Kingdom Financial Group LLC. purchased a new stake in Ryder System during the 4th quarter valued at about $841,000. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Barclays lifted their price target on Ryder System from $290.00 to $300.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Wells Fargo & Company increased their price objective on Ryder System from $290.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. Robert W. Baird raised their target price 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. Citigroup upped their price target on shares of Ryder System from $280.00 to $283.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Finally, JPMorgan Chase & Co. increased their price target on shares of Ryder System from $259.00 to $296.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $294.14.

Ryder System Trading Up 0.1%

NYSE R opened at $246.04 on Monday. Ryder System, Inc. has a fifty-two week low of $157.67 and a fifty-two 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 stock has a 50 day simple moving average of $262.20 and a two-hundred day simple moving average of $240.15. The stock has a market cap of $9.44 billion, a P/E ratio of 20.02 and a beta of 1.02.

Ryder System (NYSE:R) last issued its quarterly earnings data on Thursday, July 23rd. The transportation company reported $3.73 earnings per share for the quarter, topping analysts’ consensus estimates of $3.69 by $0.04. The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $3.29 billion. Ryder System had a return on equity of 18.28% and a net margin of 3.88%.The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company earned $3.32 EPS. 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 forecast 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. Shareholders of record on Monday, August 24th will be issued a $1.01 dividend. This is a boost 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 currently 32.87%.

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.