Engineers Gate Manager LP Raises Stock Holdings in Ryder System, Inc. $R

Engineers Gate Manager LP increased its holdings in shares of Ryder System, Inc. (NYSE:R) by 11.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 23,413 shares of the transportation company’s stock after acquiring an additional 2,351 shares during the period. Engineers Gate Manager LP owned about 0.06% of Ryder System worth $6,176,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. California State Teachers Retirement System increased its stake in Ryder System by 23,531.1% in the second quarter. California State Teachers Retirement System now owns 11,350,023 shares of the transportation company’s stock worth $2,993,796,000 after purchasing an additional 11,301,993 shares during the period. BlackRock Inc. bought a new stake in shares of Ryder System during the second quarter worth $1,060,749,000. Bank of America Corp DE purchased a new stake in shares of Ryder System during the second quarter valued at $207,689,000. Norges Bank purchased a new stake in shares of Ryder System during the fourth quarter valued at $111,168,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Ryder System by 326.8% during the fourth quarter. JPMorgan Chase & Co. now owns 705,037 shares of the transportation company’s stock valued at $134,937,000 after purchasing an additional 539,854 shares during the period. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Barclays raised their price target 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. Weiss Ratings reissued a “buy (b)” rating on shares of Ryder System in a research report on Monday, August 24th. Susquehanna upped their target price on shares of Ryder System from $290.00 to $310.00 and gave the stock a “positive” rating in a research note on Friday, July 24th. Wells Fargo & Company increased their price objective on Ryder System from $290.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. Finally, Stephens upgraded Ryder System to a “strong-buy” rating in a report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $294.14.

Ryder System Price Performance

Shares of R opened at $243.67 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. The company has a 50 day moving average price of $258.51 and a 200-day moving average price of $241.99. Ryder System, Inc. has a fifty-two week low of $157.67 and a fifty-two week high of $284.25. The stock has a market capitalization of $9.34 billion, a PE ratio of 19.83 and a beta of 1.01.

Ryder System (NYSE:R) last issued its quarterly earnings data on Thursday, July 23rd. The transportation company reported $3.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.69 by $0.04. The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $3.29 billion. Ryder System had a net margin of 3.88% and a return on equity of 18.28%. Ryder System’s revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company posted $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 analysts predict that Ryder System, Inc. will post 14.74 earnings per share for the current fiscal year.

Ryder System Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Monday, August 24th will be issued a $1.01 dividend. The ex-dividend date is Monday, August 24th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.7%. This is a boost from Ryder System’s previous quarterly dividend of $0.91. Ryder System’s dividend payout ratio (DPR) is 32.87%.

Ryder System Company Profile

Ryder System, Inc is a transportation and logistics company that provides fleet management, supply chain and dedicated transportation services. The company serves commercial customers across industries, helping them manage the movement, storage and delivery of goods through integrated transportation and logistics solutions.

Ryder’s fleet management offerings include commercial truck leasing, rental, maintenance and related support services. It also sells used vehicles and provides technology designed to help customers monitor fleets, improve utilization and manage transportation operations.