27,378 Shares in Ryder System, Inc. $R Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company bought a new stake in Ryder System, Inc. (NYSE:R) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 27,378 shares of the transportation company’s stock, valued at approximately $7,221,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. TCM Advisors LLC acquired a new stake in shares of Ryder System in the 2nd quarter valued at approximately $1,161,000. Cibc World Market Inc. bought a new stake in Ryder System in the second quarter valued at approximately $628,000. Leigh Baldwin & CO. LLC acquired a new stake in Ryder System in the second quarter worth $424,000. Sanctuary Advisors LLC acquired a new stake in Ryder System in the second quarter worth $1,975,000. Finally, Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of Ryder System during the second quarter worth $5,848,000. 87.47% of the stock is owned by institutional investors.

Ryder System Stock Performance

NYSE R opened at $246.04 on Monday. Ryder System, Inc. has a 1 year low of $157.67 and a 1 year high of $284.25. The firm has a market capitalization of $9.44 billion, a P/E ratio of 20.02 and a beta of 1.02. The firm’s fifty day moving average price is $262.20 and its two-hundred day moving average price is $240.15. 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 (NYSE:R) last issued its quarterly earnings data on Thursday, July 23rd. The transportation company reported $3.73 earnings per share for the quarter, beating the consensus estimate of $3.69 by $0.04. Ryder System had a net margin of 3.88% and a return on equity of 18.28%. The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same period in the prior year, the firm earned $3.32 earnings per share. The company’s revenue 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. As a group, research analysts anticipate that Ryder System, Inc. will post 14.74 EPS for the current year.

Ryder System Increases Dividend

The company also recently declared 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 a boost from Ryder System’s previous quarterly dividend of $0.91. The ex-dividend date is Monday, August 24th. This represents a $4.04 annualized dividend and a yield of 1.6%. Ryder System’s dividend payout ratio is presently 32.87%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Stephens upgraded shares of Ryder System to a “strong-buy” rating in a research report on Wednesday, July 8th. Citigroup boosted their target price on Ryder System from $280.00 to $283.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Wells Fargo & Company increased their price target on Ryder System from $290.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. JPMorgan Chase & Co. raised their price target on Ryder System from $259.00 to $296.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Finally, Citizens Jmp initiated coverage on Ryder System in a report on Wednesday, July 15th. They set a “market perform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $294.14.

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.