Great Lakes Advisors LLC Makes New Investment in Ryder System, Inc. $R

Great Lakes Advisors LLC acquired a new stake in shares of Ryder System, Inc. (NYSE:R) during the 2nd quarter, Holdings Channel reports. The firm acquired 16,339 shares of the transportation company’s stock, valued at approximately $4,310,000.

Several other large investors also recently made changes to their positions in R. BlackRock Inc. bought a new stake in Ryder System in the 2nd quarter valued at about $1,060,749,000. Norges Bank bought a new position in Ryder System in the fourth quarter worth approximately $111,168,000. JPMorgan Chase & Co. grew its stake in Ryder System by 326.8% in the fourth quarter. JPMorgan Chase & Co. now owns 705,037 shares of the transportation company’s stock valued at $134,937,000 after acquiring an additional 539,854 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Ryder System during the second quarter valued at approximately $136,320,000. Finally, Orbis Allan Gray Ltd grew its stake in shares of Ryder System by 107.3% in the 4th quarter. Orbis Allan Gray Ltd now owns 974,620 shares of the transportation company’s stock worth $186,533,000 after acquiring an additional 504,404 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 stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $251.95, for a total value of $149,910.25. Following the sale, the senior vice president directly 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on R shares. Wall Street Zen raised shares of Ryder System from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Stephens upgraded shares of Ryder System to a “strong-buy” rating in a research note on Wednesday, July 8th. Citigroup boosted their target price on Ryder System from $280.00 to $283.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Citizens Jmp started coverage on Ryder System in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. Finally, Zacks Research lowered Ryder System from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Ryder System currently has an average rating of “Moderate Buy” and an average price target of $294.14.

Ryder System Stock Performance

NYSE R opened at $247.94 on Friday. The firm has a market cap of $9.51 billion, a P/E ratio of 20.17 and a beta of 1.02. 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 company’s 50 day moving average is $265.05 and its 200-day moving average is $238.62. Ryder System, Inc. has a 12-month low of $157.67 and a 12-month high of $284.25.

Ryder System (NYSE:R) last released its quarterly earnings data on Thursday, July 23rd. The transportation company reported $3.73 EPS for the quarter, topping the consensus estimate of $3.69 by $0.04. Ryder System had a net margin of 3.88% and a return on equity of 18.28%. The company had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $3.29 billion. During the same period last year, the firm earned $3.32 EPS. 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 predict that Ryder System, Inc. will post 14.74 earnings per share for the current year.

Ryder System Increases Dividend

The business also recently announced 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. This represents a $4.04 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, August 24th. This is a boost from Ryder System’s previous quarterly dividend of $0.91. Ryder System’s payout ratio is presently 32.87%.

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.