VIRGINIA RETIREMENT SYSTEMS ET Al Buys Shares of 13,185 Ryder System, Inc. $R

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Ryder System, Inc. (NYSE:R) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 13,185 shares of the transportation company’s stock, valued at approximately $3,478,000.

Other institutional investors also recently modified their holdings of the company. Keating Financial Advisory Services Inc. acquired a new stake in shares of Ryder System during the second quarter worth $26,000. Cedar Mountain Advisors LLC lifted its holdings in 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 buying an additional 115 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Ryder System during the second quarter valued at $30,000. Los Angeles Capital Management LLC bought a new stake in Ryder System during the fourth quarter valued at $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 worth $41,000 after acquiring an additional 109 shares during the period. 87.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

R has been the subject of several research analyst reports. Zacks Research lowered Ryder System from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. Susquehanna raised their target price on Ryder System from $290.00 to $310.00 and gave the stock a “positive” rating in a research note on Friday, July 24th. Wells Fargo & Company lifted their target price on Ryder System from $290.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Wall Street Zen raised Ryder System from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Finally, Stephens raised shares of Ryder System to a “strong-buy” rating in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $294.14.

Ryder System Price Performance

R stock opened at $245.16 on Thursday. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.65 and a quick ratio of 0.65. The company’s 50-day moving average is $259.26 and its 200-day moving average is $241.85. The stock has a market capitalization of $9.40 billion, a PE ratio of 19.95 and a beta of 1.01. Ryder System, Inc. has a 1 year low of $157.67 and a 1 year high of $284.25.

Ryder System (NYSE:R) last issued its 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 business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $3.29 billion. Ryder System had a return on equity of 18.28% and a net margin of 3.88%.The firm’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $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. Equities research analysts expect that Ryder System, Inc. will post 14.74 EPS for the current fiscal year.

Ryder System Increases Dividend

The company also recently announced 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. The ex-dividend date is Monday, August 24th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.6%. This is an increase from Ryder System’s previous quarterly dividend of $0.91. Ryder System’s dividend payout ratio (DPR) is 32.87%.

About Ryder System

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.