Canada Pension Plan Investment Board Invests $16.70 Million in Ryder System, Inc. $R

Canada Pension Plan Investment Board bought a new stake in Ryder System, Inc. (NYSE:R) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 63,301 shares of the transportation company’s stock, valued at approximately $16,697,000. Canada Pension Plan Investment Board owned approximately 0.17% of Ryder System at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legal & General Group Plc acquired a new stake in Ryder System in the second quarter valued at $16,608,000. The Manufacturers Life Insurance Company bought a new stake in shares of Ryder System in the 2nd quarter valued at about $7,221,000. TCM Advisors LLC acquired a new stake in Ryder System in the 2nd quarter valued at about $1,161,000. Cibc World Market Inc. bought a new position in Ryder System during the second quarter worth about $628,000. Finally, Leigh Baldwin & CO. LLC acquired a new position in Ryder System during the second quarter worth approximately $424,000. 87.47% of the stock is owned by institutional investors.

Ryder System Stock Down 0.8%

Shares of R opened at $246.04 on Friday. Ryder System, Inc. has a 12 month low of $157.67 and a 12 month high of $284.25. The firm’s 50 day moving average is $262.20 and its 200-day moving average is $239.98. The stock has a market capitalization of $9.44 billion, a PE ratio of 20.02 and a beta of 1.02. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.91.

Ryder System (NYSE:R) last released its quarterly earnings results on Thursday, July 23rd. The transportation company reported $3.73 earnings per share for the quarter, beating analysts’ consensus estimates of $3.69 by $0.04. The company had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $3.29 billion. Ryder System had a net margin of 3.88% and a return on equity of 18.28%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the business earned $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 forecast that Ryder System, Inc. will post 14.74 EPS 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. The ex-dividend date of this dividend is Monday, August 24th. This represents a $4.04 annualized dividend and a yield of 1.6%. This is a boost from Ryder System’s previous quarterly dividend of $0.91. Ryder System’s payout ratio is presently 32.87%.

Wall Street Analysts Forecast Growth

R has been the subject of a number of recent analyst reports. Wall Street Zen raised Ryder System from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Wells Fargo & Company raised their price target on Ryder System from $290.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, July 24th. Zacks Research downgraded shares of Ryder System from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Citigroup increased their price objective on shares of 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 raised their target price on shares of Ryder System from $290.00 to $300.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. One research 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’s stock. Based on data from MarketBeat, Ryder System currently has a consensus rating of “Moderate Buy” and an average price target of $294.14.

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.