Sanctuary Advisors LLC Invests $1.98 Million in Ryder System, Inc. $R

Sanctuary Advisors LLC purchased a new stake in shares of Ryder System, Inc. (NYSE:R) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,489 shares of the transportation company’s stock, valued at approximately $1,975,000.

Several other hedge funds have also recently bought and sold shares of R. BlackRock Inc. acquired a new stake in Ryder System during the 2nd quarter worth about $1,060,749,000. State Street Corp increased its holdings in shares of Ryder System by 0.4% in the 2nd quarter. State Street Corp now owns 1,995,292 shares of the transportation company’s stock valued at $317,251,000 after purchasing an additional 7,447 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Ryder System by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,621,947 shares of the transportation company’s stock worth $331,996,000 after purchasing an additional 6,652 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Ryder System by 81.5% during the first quarter. First Trust Advisors LP now owns 1,010,320 shares of the transportation company’s stock worth $206,822,000 after purchasing an additional 453,697 shares during the period. Finally, Orbis Allan Gray Ltd boosted its holdings in shares of Ryder System by 15.4% during the second quarter. Orbis Allan Gray Ltd now owns 1,005,382 shares of the transportation company’s stock worth $159,856,000 after purchasing an additional 134,423 shares during the period. 87.47% of the stock is owned by hedge funds and other institutional investors.

Ryder System Trading Up 1.5%

NYSE:R opened at $249.96 on Thursday. The company has a market capitalization of $9.59 billion, a P/E ratio of 20.34 and a beta of 1.02. The stock’s 50 day moving average price is $262.87 and its 200 day moving average price is $239.73. 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 52 week low of $157.67 and a 52 week high of $284.25.

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

Ryder System Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on R shares. Zacks Research lowered shares of Ryder System from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Robert W. Baird lifted their target price on shares of Ryder System from $253.00 to $290.00 and gave the company an “outperform” rating in a research note on Wednesday, June 17th. Citigroup boosted their price target on shares of Ryder System from $280.00 to $283.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Morgan Stanley upped their price target on shares of Ryder System from $263.00 to $280.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Ryder System in a report on Monday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.