Nippon Life Global Investors Americas Inc. Invests $31.71 Million in Ryder System, Inc. $R

Nippon Life Global Investors Americas Inc. purchased a new stake in shares of Ryder System, Inc. (NYSE:R) during the second quarter, HoldingsChannel reports. The institutional investor purchased 120,230 shares of the transportation company’s stock, valued at approximately $31,713,000. Ryder System makes up about 1.3% of Nippon Life Global Investors Americas Inc.’s investment portfolio, making the stock its 26th largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cedar Mountain Advisors LLC raised its holdings in Ryder System by 522.7% in the 1st quarter. Cedar Mountain Advisors LLC now owns 137 shares of the transportation company’s stock worth $28,000 after acquiring an additional 115 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Ryder System during the 4th quarter valued at $31,000. Geneos Wealth Management Inc. boosted its stake 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 purchasing an additional 109 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings 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 worth $42,000 after purchasing an additional 43 shares in the last quarter. Finally, Clearstead Advisors LLC increased its holdings in shares of Ryder System by 53.8% in the 4th quarter. Clearstead Advisors LLC now owns 260 shares of the transportation company’s stock worth $50,000 after purchasing an additional 91 shares in the last quarter. Institutional investors own 87.47% of the company’s stock.

Insider Transactions at Ryder System

In other Ryder System news, SVP Sanford J. Hodes sold 595 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was 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. This trade represents a 2.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.90% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on R shares. Susquehanna upped their price target on Ryder System from $290.00 to $310.00 and gave the company a “positive” rating in a report on Friday, July 24th. Barclays lifted their price objective on Ryder System from $290.00 to $300.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Wall Street Zen raised Ryder System from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Wells Fargo & Company upped their target price on shares of Ryder System from $290.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. Finally, Citizens Jmp began coverage on shares of Ryder System in a report on Wednesday, July 15th. They set a “market perform” rating on the stock. One 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $294.14.

Ryder System Price Performance

Shares of R opened at $263.77 on Monday. The firm has a fifty day simple moving average of $266.57 and a two-hundred day simple moving average of $236.79. The firm has a market cap of $10.12 billion, a PE ratio of 21.46 and a beta of 1.02. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.91. Ryder System, Inc. has a 1-year low of $157.67 and a 1-year high of $284.25.

Ryder System (NYSE:R) last released its quarterly earnings results on Thursday, July 23rd. The transportation company reported $3.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.69 by $0.04. Ryder System had a return on equity of 18.28% and a net margin of 3.88%.The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same period last year, the business posted $3.32 EPS. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. 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 company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Monday, August 24th will be issued a $1.01 dividend. This is a positive change from Ryder System’s previous quarterly dividend of $0.91. This represents a $4.04 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Monday, August 24th. Ryder System’s dividend payout ratio is currently 29.62%.

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.