Canada Pension Plan Investment Board Buys Shares of 63,301 Ryder System, Inc. $R

Canada Pension Plan Investment Board bought a new stake in Ryder System, Inc. (NYSE:R) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 63,301 shares of the transportation company’s stock, valued at approximately $16,697,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Ryder System during the 2nd quarter worth approximately $1,060,749,000. Norges Bank acquired a new position in Ryder System during the fourth quarter valued at approximately $111,168,000. JPMorgan Chase & Co. raised its position in Ryder System by 326.8% during the fourth quarter. JPMorgan Chase & Co. now owns 705,037 shares of the transportation company’s stock valued at $134,937,000 after purchasing an additional 539,854 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Ryder System during the second quarter worth $136,320,000. Finally, Orbis Allan Gray Ltd boosted its holdings in shares of Ryder System by 107.3% in the 4th quarter. Orbis Allan Gray Ltd now owns 974,620 shares of the transportation company’s stock valued at $186,533,000 after purchasing an additional 504,404 shares in the last quarter. Institutional investors own 87.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on R shares. Citizens Jmp assumed coverage on Ryder System in a research note on Wednesday, July 15th. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. upped their price objective on Ryder System from $259.00 to $296.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Wells Fargo & Company raised their price objective on Ryder System from $290.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. Stephens upgraded Ryder System to a “strong-buy” rating in a research report on Wednesday, July 8th. Finally, Susquehanna boosted 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. 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. According to data from MarketBeat, Ryder System presently has a consensus rating of “Moderate Buy” and a consensus target price of $294.14.

Ryder System Stock Performance

Shares of Ryder System stock opened at $246.04 on Friday. The stock has a market cap of $9.44 billion, a price-to-earnings ratio of 20.02 and a beta of 1.02. Ryder System, Inc. has a twelve month low of $157.67 and a twelve month high of $284.25. The company’s fifty day moving average is $262.20 and its 200 day moving average is $239.98. 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 announced its earnings results on Thursday, July 23rd. The transportation company reported $3.73 earnings per share (EPS) for the quarter, topping the consensus estimate 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%.Ryder System’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last 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. Sell-side analysts forecast that Ryder System, Inc. will post 14.74 EPS for the current year.

Ryder System Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Monday, August 24th will be paid a $1.01 dividend. This is an increase from Ryder System’s previous quarterly dividend of $0.91. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, August 24th. Ryder System’s payout ratio is presently 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.