9,183 Shares in Ryder System, Inc. $R Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. acquired a new position in Ryder System, Inc. (NYSE:R) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,183 shares of the transportation company’s stock, valued at approximately $2,422,000.

Other hedge funds have also recently modified their holdings of the company. Royal Bank of Canada increased its position in shares of Ryder System by 52.8% during the first quarter. Royal Bank of Canada now owns 15,765 shares of the transportation company’s stock valued at $2,267,000 after acquiring an additional 5,448 shares during the last quarter. Focus Partners Wealth boosted its position in Ryder System by 7.9% in 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 during the last quarter. Geneos Wealth Management Inc. grew its stake in Ryder System by 61.2% in 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 during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Ryder System by 10.2% during the 2nd 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 last quarter. Finally, M&T Bank Corp increased its position in shares of Ryder System by 10.9% during the 2nd 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 last quarter. Institutional investors own 87.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Zacks Research downgraded shares of Ryder System from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Stephens upgraded shares of Ryder System to a “strong-buy” rating in a report on Wednesday, July 8th. Citigroup lifted their price objective on shares of Ryder System from $280.00 to $283.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Morgan Stanley boosted their target price on shares of Ryder System from $263.00 to $280.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Finally, JPMorgan Chase & Co. increased their target price 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 given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Ryder System presently has a consensus rating of “Moderate Buy” and an average price target of $294.14.

Insider Buying and Selling at Ryder System

In other news, SVP Sanford J. Hodes sold 595 shares of Ryder System stock in a transaction dated 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 transaction, the senior vice president owned 22,948 shares in the company, valued at $5,781,748.60. This trade represents a 2.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.90% of the stock is owned by insiders.

Ryder System Stock Down 0.1%

Shares of NYSE R opened at $263.77 on Monday. Ryder System, Inc. has a one year low of $157.67 and a one year high of $284.25. 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 fifty day moving average price is $266.57 and its 200-day moving average price is $236.79. The stock has a market capitalization of $10.12 billion, a PE ratio of 21.46 and a beta of 1.02.

Ryder System (NYSE:R) last posted its quarterly earnings results on Thursday, July 23rd. The transportation company reported $3.73 earnings per share for the quarter, topping the consensus estimate of $3.69 by $0.04. Ryder System had a return on equity of 18.28% and a net margin of 3.88%.The company had revenue of $2.69 billion during 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% 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 firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Monday, August 24th will be given a dividend of $1.01 per share. This is a boost from Ryder System’s previous quarterly dividend of $0.91. This represents a $4.04 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, August 24th. Ryder System’s dividend payout ratio (DPR) is 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.