Public Employees Retirement System of Ohio Sells 2,090 Shares of Ryder System, Inc. $R

Public Employees Retirement System of Ohio cut its holdings in Ryder System, Inc. (NYSE:R) by 9.8% during the first quarter, Holdings Channel reports. The firm owned 19,195 shares of the transportation company’s stock after selling 2,090 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Ryder System were worth $3,929,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Cedar Mountain Advisors LLC grew its holdings in Ryder System by 522.7% during the 1st quarter. Cedar Mountain Advisors LLC now owns 137 shares of the transportation company’s stock valued at $28,000 after buying an additional 115 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Ryder System during the fourth quarter valued at approximately $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Ryder System in the fourth quarter worth $34,000. Optima Capital LLC purchased a new position in shares of Ryder System in the fourth quarter worth $39,000. Finally, Root Financial Partners LLC boosted its position in shares of Ryder System by 45.5% during the first quarter. Root Financial Partners LLC now owns 243 shares of the transportation company’s stock worth $50,000 after acquiring an additional 76 shares during the last quarter. 87.47% of the stock is currently owned by institutional investors.

Ryder System Stock Performance

NYSE R opened at $258.46 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 fifty-two week low of $157.67 and a fifty-two week high of $284.25. The company has a market cap of $9.91 billion, a P/E ratio of 21.03 and a beta of 1.01. The business’s 50 day moving average price is $264.58 and its 200-day moving average price is $231.30.

Ryder System (NYSE:R) last announced its earnings results on Thursday, July 23rd. The transportation company reported $3.73 earnings per share for the quarter, beating the consensus estimate of $3.69 by $0.04. The business had revenue of $2.69 billion for 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 business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm 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. Sell-side analysts predict that Ryder System, Inc. will post 14.74 earnings per share for the current year.

Ryder System Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Monday, August 24th will be given a $1.01 dividend. This is an increase from Ryder System’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Monday, August 24th. This represents a $4.04 dividend on an annualized basis and a yield of 1.6%. Ryder System’s dividend payout ratio is currently 32.87%.

Insider Activity

In other 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 transaction of $149,910.25. Following the transaction, the senior vice president owned 22,948 shares of the company’s stock, valued at approximately $5,781,748.60. This represents a 2.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Luis P. Nieto, Jr. sold 720 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $235.79, for a total value of $169,768.80. Following the completion of the sale, the director owned 29,974 shares in the company, valued at approximately $7,067,569.46. The trade was a 2.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 4.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

R has been the subject of several research analyst reports. Wall Street Zen raised shares of Ryder System from a “hold” rating to a “buy” rating in a research note on Saturday, April 25th. Stephens upgraded shares of Ryder System to a “strong-buy” rating in a research note on Wednesday, July 8th. Citizens Jmp started coverage on shares of Ryder System in a report on Wednesday, July 15th. They set a “market perform” rating for the company. Morgan Stanley raised their price objective on Ryder System from $263.00 to $280.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. Finally, JPMorgan Chase & Co. lifted their target price on Ryder System from $259.00 to $296.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. One research 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.