TD Waterhouse Canada Inc. Has $1.99 Million Position in Ryder System, Inc. $R

TD Waterhouse Canada Inc. lifted its stake in shares of Ryder System, Inc. (NYSE:R) by 1,010.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,498 shares of the transportation company’s stock after purchasing an additional 6,823 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Ryder System were worth $1,994,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in R. Keating Financial Advisory Services Inc. acquired a new stake in Ryder System in the second quarter valued at approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Ryder System during the second quarter worth $30,000. Cedar Mountain Advisors LLC lifted its stake in shares of Ryder System by 522.7% in the 1st quarter. Cedar Mountain Advisors LLC now owns 137 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 115 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake 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 last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Ryder System during the 4th quarter valued at $31,000. Institutional investors own 87.47% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Citizens Jmp began coverage on Ryder System in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. Wells Fargo & Company lifted their price target on Ryder System from $290.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of Ryder System in a report on Monday, August 24th. Robert W. Baird upped their price objective on Ryder System from $253.00 to $290.00 and gave the company an “outperform” rating in a research note on Wednesday, June 17th. Finally, Wall Street Zen upgraded shares of Ryder System from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $294.14.

Ryder System Stock Performance

Shares of R stock opened at $247.08 on Wednesday. The firm has a 50 day moving average of $259.68 and a 200-day moving average of $241.67. The company has a market cap of $9.48 billion, a price-to-earnings ratio of 20.10 and a beta of 1.01. 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, Inc. has a 52 week low of $157.67 and a 52 week high of $284.25.

Ryder System (NYSE:R) last released 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 company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $3.29 billion. Ryder System had a net margin of 3.88% and a return on equity of 18.28%. Ryder System’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.32 EPS. 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 forecast that Ryder System, Inc. will post 14.74 earnings per share for the current year.

Ryder System Increases Dividend

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