Engineers Gate Manager LP Purchases 2,351 Shares of Ryder System, Inc. $R

Engineers Gate Manager LP lifted its position in Ryder System, Inc. (NYSE:R) by 11.2% during the second quarter, Holdings Channel reports. The institutional investor owned 23,413 shares of the transportation company’s stock after buying an additional 2,351 shares during the quarter. Engineers Gate Manager LP’s holdings in Ryder System were worth $6,176,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Keating Financial Advisory Services Inc. purchased a new stake in Ryder System during the second quarter valued at approximately $26,000. Cedar Mountain Advisors LLC grew 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 worth $28,000 after purchasing an additional 115 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Ryder System during the second quarter worth $30,000. Los Angeles Capital Management LLC acquired a new position in shares of Ryder System during the fourth quarter worth $31,000. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of 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. Institutional investors own 87.47% of the company’s stock.

Ryder System Trading Up 0.9%

Shares of NYSE:R opened at $243.67 on Friday. Ryder System, Inc. has a 52-week low of $157.67 and a 52-week high of $284.25. The stock has a market cap of $9.34 billion, a price-to-earnings ratio of 19.83 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. The business has a 50-day moving average price of $258.51 and a 200-day moving average price of $241.99.

Ryder System (NYSE:R) last released its earnings results on Thursday, July 23rd. The transportation company reported $3.73 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 during the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter in the previous year, the company posted $3.32 earnings per share. The company’s revenue was up 5.0% compared to the same quarter last year. 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 analysts predict that Ryder System, Inc. will post 14.74 EPS for the current year.

Ryder System Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Monday, August 24th will be paid a $1.01 dividend. The ex-dividend date is Monday, August 24th. 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 1.7%. Ryder System’s dividend payout ratio (DPR) is currently 32.87%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on R shares. Barclays raised their price objective on Ryder System from $290.00 to $300.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Wells Fargo & Company upped their target price on Ryder System from $290.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. Citizens Jmp started coverage on Ryder System in a research note on Wednesday, July 15th. They issued a “market perform” rating for the company. Zacks Research lowered Ryder System from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Finally, Susquehanna boosted their price target 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 research 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $294.14.

Ryder System Company Profile

Ryder System, Inc is a transportation and logistics company that provides fleet management, supply chain and dedicated transportation services. The company serves commercial customers across industries, helping them manage the movement, storage and delivery of goods through integrated transportation and logistics solutions.

Ryder’s fleet management offerings include commercial truck leasing, rental, maintenance and related support services. It also sells used vehicles and provides technology designed to help customers monitor fleets, improve utilization and manage transportation operations.