Wedge Capital Management L L P NC Sells 7,264 Shares of Ryder System, Inc. $R

Wedge Capital Management L L P NC reduced its holdings in shares of Ryder System, Inc. (NYSE:R) by 12.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,723 shares of the transportation company’s stock after selling 7,264 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Ryder System were worth $13,643,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in R. Redhawk Wealth Advisors Inc. bought a new position in Ryder System in the 2nd quarter valued at about $2,081,000. Quantum Financial Advisors LLC bought a new stake in Ryder System during the 2nd quarter worth approximately $203,000. GAMMA Investing LLC raised its stake in shares of Ryder System by 16.5% in the second quarter. GAMMA Investing LLC now owns 1,797 shares of the transportation company’s stock worth $474,000 after purchasing an additional 255 shares during the last quarter. CoreCap Advisors LLC raised its stake in shares of Ryder System by 147.2% in the second quarter. CoreCap Advisors LLC now owns 351 shares of the transportation company’s stock worth $93,000 after purchasing an additional 209 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Ryder System by 36.8% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 160 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 43 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Price Performance

Shares of NYSE R opened at $263.57 on Thursday. Ryder System, Inc. has a twelve month low of $157.67 and a twelve month high of $284.25. The stock’s 50 day moving average price is $266.64 and its 200-day moving average price is $235.76. The company has a market capitalization of $10.11 billion, a PE ratio of 21.45 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.

Ryder System (NYSE:R) last issued its quarterly earnings results on Thursday, July 23rd. The transportation company reported $3.73 EPS for the quarter, beating analysts’ consensus estimates of $3.69 by $0.04. The company had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $3.29 billion. Ryder System had a return on equity of 18.28% and a net margin of 3.88%.Ryder System’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the business 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. On average, equities analysts anticipate that Ryder System, Inc. will post 14.74 EPS for the current year.

Ryder System Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Monday, August 24th will be paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.5%. 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 dividend payout ratio (DPR) is presently 29.62%.

Analyst Ratings Changes

Several brokerages recently issued reports on R. Citizens Jmp started coverage on Ryder System in a research report on Wednesday, July 15th. They set a “market perform” rating on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Ryder System in a research report on Wednesday, May 27th. Zacks Research cut Ryder System from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Robert W. Baird lifted their price objective on shares of Ryder System from $253.00 to $290.00 and gave the stock an “outperform” rating in a report on Wednesday, June 17th. Finally, Stephens upgraded shares of Ryder System to a “strong-buy” rating in a research note on Wednesday, July 8th. One equities 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 company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $294.14.

Insider Activity at Ryder System

In related news, SVP Sanford J. Hodes sold 595 shares of the business’s 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 transaction, the senior vice president directly owned 22,948 shares of the company’s stock, valued at approximately $5,781,748.60. The trade was a 2.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.90% of the stock is owned by insiders.

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.