J. Goldman & Co LP Takes Position in Ryder System, Inc. $R

J. Goldman & Co LP bought a new position in shares of Ryder System, Inc. (NYSE:R) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 34,788 shares of the transportation company’s stock, valued at approximately $9,176,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB grew its position in shares of Ryder System by 36.8% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 160 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 43 shares during the period. Quantum Portfolio Management LLC raised its holdings in shares of Ryder System by 2.1% in the 1st quarter. Quantum Portfolio Management LLC now owns 2,564 shares of the transportation company’s stock valued at $525,000 after purchasing an additional 52 shares during the period. Orion Porfolio Solutions LLC raised its holdings in shares of Ryder System by 2.4% in the 4th quarter. Orion Porfolio Solutions LLC now owns 2,262 shares of the transportation company’s stock valued at $433,000 after purchasing an additional 52 shares during the period. Corient Private Wealth LLC lifted its stake in Ryder System by 0.8% in the 4th quarter. Corient Private Wealth LLC now owns 7,337 shares of the transportation company’s stock valued at $1,404,000 after purchasing an additional 58 shares during the last quarter. Finally, Vectors Research Management LLC lifted its stake in Ryder System by 0.3% in the 4th quarter. Vectors Research Management LLC now owns 18,512 shares of the transportation company’s stock valued at $3,543,000 after purchasing an additional 61 shares during the last quarter. 87.47% of the stock is owned by institutional investors.

Insider Activity 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 transaction, the senior vice president directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.90% of the company’s stock.

Ryder System Stock Performance

NYSE:R opened at $246.00 on Wednesday. The stock has a 50 day simple moving average of $263.20 and a 200 day simple moving average of $239.47. The stock has a market cap of $9.43 billion, a P/E ratio of 20.02 and a beta of 1.02. Ryder System, Inc. has a 1-year low of $157.67 and a 1-year high of $284.25. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.91.

Ryder System (NYSE:R) last released its quarterly earnings results on Thursday, July 23rd. The transportation company reported $3.73 EPS for the quarter, beating 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 business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same period in the prior year, the company posted $3.32 earnings per share. Ryder System’s revenue 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. Research analysts anticipate that Ryder System, Inc. will post 14.74 earnings per share for the current year.

Ryder System Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Monday, August 24th will be given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, August 24th. This is a boost from Ryder System’s previous quarterly dividend of $0.91. Ryder System’s dividend payout ratio (DPR) is currently 32.87%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Zacks Research downgraded Ryder System from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. Citigroup lifted 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. JPMorgan Chase & Co. raised their price target on Ryder System from $259.00 to $296.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ryder System in a research report on Monday. Finally, Wells Fargo & Company increased 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 Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.