Kendall Capital Management Buys New Stake in Ryder System, Inc. $R

Kendall Capital Management acquired a new stake in Ryder System, Inc. (NYSE:R) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,540 shares of the transportation company’s stock, valued at approximately $3,571,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of R. Keating Financial Advisory Services Inc. acquired a new position in Ryder System in the second quarter valued at $26,000. Cedar Mountain Advisors LLC increased its holdings in shares of Ryder System by 522.7% in the first quarter. Cedar Mountain Advisors LLC now owns 137 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 115 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Ryder System in the 2nd quarter valued at $30,000. Los Angeles Capital Management LLC acquired a new position in shares of Ryder System during the fourth quarter worth about $31,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of Ryder System by 61.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company’s stock worth $41,000 after buying an additional 109 shares in the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Ryder System

In other news, SVP Sanford J. Hodes sold 595 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $251.95, for a total transaction of $149,910.25. Following the completion of the sale, the senior vice president owned 22,948 shares of the company’s stock, valued at approximately $5,781,748.60. This trade represents a 2.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.90% of the company’s stock.

Analyst Upgrades and Downgrades

R has been the subject of a number of research analyst reports. 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 report on Friday, July 24th. Wells Fargo & Company boosted their price objective on shares of Ryder System from $290.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. Morgan Stanley raised their price target on Ryder System from $263.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Barclays boosted their price objective on shares of Ryder System from $290.00 to $300.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Finally, Susquehanna increased their target price on Ryder System from $290.00 to $310.00 and gave the stock a “positive” rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Ryder System has a consensus rating of “Moderate Buy” and an average target price of $294.14.

Ryder System Price Performance

R stock opened at $249.44 on Friday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.65 and a current ratio of 0.65. Ryder System, Inc. has a 1 year low of $157.67 and a 1 year high of $284.25. The stock has a 50-day simple moving average of $264.42 and a 200-day simple moving average of $238.70. The firm has a market cap of $9.57 billion, a P/E ratio of 20.30 and a beta of 1.02.

Ryder System (NYSE:R) last posted its earnings results on Thursday, July 23rd. The transportation company reported $3.73 EPS for the quarter, topping analysts’ consensus estimates of $3.69 by $0.04. Ryder System had a net margin of 3.88% and a return on equity of 18.28%. The business had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $3.29 billion. During the same period in the previous year, the company posted $3.32 earnings per share. The business’s revenue for the quarter 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 analysts predict that Ryder System, Inc. will post 14.74 earnings per share for the current fiscal year.

Ryder System Increases Dividend

The firm 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 dividend of $1.01 per share. The ex-dividend date 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 dividend payout ratio (DPR) is presently 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.