Louisiana State Employees Retirement System Makes New $2.33 Million Investment in Ryder System, Inc. $R

Louisiana State Employees Retirement System bought a new stake in Ryder System, Inc. (NYSE:R) in the first quarter, HoldingsChannel.com reports. The fund bought 11,400 shares of the transportation company’s stock, valued at approximately $2,334,000.

A number of other institutional investors and hedge funds have also made changes to their positions in R. Royal Bank of Canada lifted its holdings in shares of Ryder System by 52.8% in the 1st quarter. Royal Bank of Canada now owns 15,765 shares of the transportation company’s stock worth $2,267,000 after purchasing an additional 5,448 shares during the last quarter. Focus Partners Wealth increased 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 buying an additional 135 shares during the period. Geneos Wealth Management Inc. increased its position in Ryder System by 61.2% in the first quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company’s stock worth $41,000 after buying an additional 109 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Ryder System by 10.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,191 shares of the transportation company’s stock valued at $189,000 after buying an additional 110 shares during the last quarter. Finally, M&T Bank Corp lifted its stake in Ryder System by 10.9% in the second quarter. M&T Bank Corp now owns 2,153 shares of the transportation company’s stock valued at $343,000 after buying an additional 212 shares during the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on R shares. Robert W. Baird upped their price target on shares of Ryder System from $253.00 to $290.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Ryder System in a research note on Wednesday, May 27th. Citigroup upped their target price on shares of Ryder System from $239.00 to $276.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Zacks Research lowered shares of Ryder System from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Finally, Wells Fargo & Company lifted their price target on Ryder System from $260.00 to $290.00 and gave the company an “overweight” rating in a report on Friday, June 5th. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $249.44.

Ryder System Price Performance

Shares of R opened at $265.51 on Tuesday. The firm has a market capitalization of $10.27 billion, a price-to-earnings ratio of 22.07 and a beta of 1.01. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.68 and a current ratio of 0.68. Ryder System, Inc. has a one year low of $157.67 and a one year high of $284.25. The stock’s fifty day moving average is $251.02 and its 200-day moving average is $219.35.

Ryder System (NYSE:R) last posted its quarterly earnings data on Thursday, April 23rd. The transportation company reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.25. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $3.11 billion. Ryder System had a net margin of 3.91% and a return on equity of 17.75%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.46 earnings per share. Ryder System has set its FY 2026 guidance at 14.050-14.80 EPS and its Q2 2026 guidance at 3.500-3.75 EPS. Equities analysts anticipate that Ryder System, Inc. will post 14.82 EPS for the current year.

Ryder System Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Monday, May 18th were issued a $0.91 dividend. The ex-dividend date was Monday, May 18th. This represents a $3.64 annualized dividend and a dividend yield of 1.4%. Ryder System’s dividend payout ratio (DPR) is 30.26%.

Insider Buying and Selling

In other Ryder System news, SVP Sanford J. Hodes sold 595 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $251.95, for a total value of $149,910.25. Following the completion of the sale, the senior vice president directly owned 22,948 shares in the company, valued at $5,781,748.60. This represents a 2.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Luis P. Nieto, Jr. sold 720 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $235.79, for a total value of $169,768.80. Following the transaction, the director directly owned 29,974 shares of the company’s stock, valued at approximately $7,067,569.46. The trade was a 2.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 4.90% of the stock is owned by company insiders.

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.