13,185 Shares in Ryder System, Inc. $R Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in 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 purchased 13,185 shares of the transportation company’s stock, valued at approximately $3,478,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership boosted its position in shares of 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 last quarter. California State Teachers Retirement System raised its position in Ryder System by 23.6% in the 1st quarter. California State Teachers Retirement System now owns 48,030 shares of the transportation company’s stock valued at $9,832,000 after buying an additional 9,179 shares during the last quarter. Braun Stacey Associates Inc. bought a new position in Ryder System during the 1st quarter valued at $12,189,000. Kingdom Financial Group LLC. bought a new position in Ryder System during the 4th quarter valued at $841,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Ryder System during the 1st quarter worth $1,709,000. 87.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Citizens Jmp started coverage on shares of Ryder System in a report on Wednesday, July 15th. They set a “market perform” rating on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Ryder System in a research report on Monday, August 24th. Morgan Stanley boosted their target price on Ryder System from $263.00 to $280.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Barclays upped their target price on Ryder System from $290.00 to $300.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Finally, Robert W. Baird increased their price target on Ryder System from $253.00 to $290.00 and gave the company an “outperform” rating in a research report on Wednesday, June 17th. 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $294.14.

Ryder System Trading Down 0.7%

Shares of R stock opened at $245.16 on Thursday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.91. The firm has a market cap of $9.40 billion, a P/E ratio of 19.95 and a beta of 1.01. The company has a 50 day moving average of $259.26 and a 200-day moving average of $241.85. Ryder System, Inc. has a 12-month low of $157.67 and a 12-month high of $284.25.

Ryder System (NYSE:R) last posted its quarterly earnings data on Thursday, July 23rd. The transportation company reported $3.73 EPS for the quarter, beating 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 business 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 earned $3.32 earnings per share. Ryder System’s revenue for the quarter was up 5.0% on a year-over-year basis. 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. Sell-side analysts anticipate that Ryder System, Inc. will post 14.74 earnings per share for the current year.

Ryder System Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Monday, August 24th will be paid a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, August 24th. This is a positive change from Ryder System’s previous quarterly dividend of $0.91. Ryder System’s dividend payout ratio is currently 32.87%.

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.