Nippon Life Global Investors Americas Inc. Purchases New Position in Ryder System, Inc. $R

Nippon Life Global Investors Americas Inc. purchased a new position in Ryder System, Inc. (NYSE:R) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 120,230 shares of the transportation company’s stock, valued at approximately $31,713,000. Ryder System makes up about 1.3% of Nippon Life Global Investors Americas Inc.’s holdings, making the stock its 26th largest position. Nippon Life Global Investors Americas Inc. owned 0.31% of Ryder System at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of R. Global Retirement Partners LLC purchased a new stake in Ryder System in the second quarter worth about $252,000. Bank of New York Mellon Corp purchased a new position in shares of Ryder System during the 2nd quarter worth approximately $136,320,000. State of Wyoming purchased a new position in shares of Ryder System during the 2nd quarter worth approximately $303,000. Oppenheimer Asset Management Inc. bought a new position in shares of Ryder System in the 2nd quarter worth approximately $2,422,000. Finally, Plan Group Financial LLC bought a new position in shares of Ryder System in the 2nd quarter worth approximately $262,000. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

R has been the topic of several research reports. JPMorgan Chase & Co. lifted their price target on Ryder System from $259.00 to $296.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Morgan Stanley increased their price objective on Ryder System from $263.00 to $280.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. Barclays raised their price objective on Ryder System from $290.00 to $300.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Zacks Research cut shares of Ryder System from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ryder System in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $294.14.

Insider Activity at Ryder System

In other news, SVP Sanford J. Hodes sold 595 shares of the firm’s stock in a transaction 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 directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.90% of the company’s stock.

Ryder System Price Performance

R stock opened at $263.77 on Monday. 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 50 day moving average price of $266.57 and a 200-day moving average price of $236.79. Ryder System, Inc. has a 52-week low of $157.67 and a 52-week high of $284.25. The firm has a market capitalization of $10.12 billion, a price-to-earnings 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 for the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter in the prior year, the business posted $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. Equities research analysts forecast that Ryder System, Inc. will post 14.74 EPS for the current fiscal year.

Ryder System Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Monday, August 24th will be paid a $1.01 dividend. This is an increase from Ryder System’s previous quarterly dividend of $0.91. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, August 24th. Ryder System’s payout ratio is currently 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.