Wellington Management Group LLP Cuts Stake in Ryder System, Inc. $R

Wellington Management Group LLP lowered its position in Ryder System, Inc. (NYSE:R) by 50.1% in the second quarter, Holdings Channel.com reports. The firm owned 867,346 shares of the transportation company’s stock after selling 871,479 shares during the quarter. Wellington Management Group LLP’s holdings in Ryder System were worth $228,780,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Keating Financial Advisory Services Inc. purchased a new stake in Ryder System during the second quarter worth about $26,000. Cedar Mountain Advisors LLC lifted its holdings in shares of Ryder System by 522.7% in the first quarter. Cedar Mountain Advisors LLC now owns 137 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 115 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Ryder System in the second quarter valued at approximately $30,000. Los Angeles Capital Management LLC acquired a new stake in shares of Ryder System in the fourth quarter valued at approximately $31,000. Finally, Geneos Wealth Management Inc. grew its holdings in Ryder System by 61.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company’s stock valued at $41,000 after buying an additional 109 shares during the last quarter. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

R has been the subject of a number of recent research reports. Citigroup lifted their price target on shares of Ryder System from $280.00 to $283.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of Ryder System in a research note on Monday, August 24th. Citizens Jmp initiated coverage on shares of Ryder System in a research report on Wednesday, July 15th. They issued a “market perform” rating for the company. Barclays raised their target price on Ryder System from $290.00 to $300.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Finally, Stephens raised shares of Ryder System to a “strong-buy” rating in a research report on Wednesday, July 8th. One investment 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 company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $294.14.

Ryder System Stock Up 0.1%

NYSE:R opened at $246.04 on Monday. Ryder System, Inc. has a one year low of $157.67 and a one year high of $284.25. 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 market capitalization of $9.44 billion, a price-to-earnings ratio of 20.02 and a beta of 1.02. The stock has a 50-day simple moving average of $262.20 and a 200 day simple moving average of $240.15.

Ryder System (NYSE:R) last posted its quarterly earnings results 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. Ryder System had a return on equity of 18.28% and a net margin of 3.88%.The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same period in the prior year, the company posted $3.32 EPS. The business’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. Sell-side analysts predict that Ryder System, Inc. will post 14.74 EPS 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 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 positive change from Ryder System’s previous quarterly dividend of $0.91. Ryder System’s payout ratio is currently 32.87%.

Ryder System Company 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.