580,846 Shares in Ryder System, Inc. $R Bought by Norges Bank

Norges Bank purchased a new position in Ryder System, Inc. (NYSE:R) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 580,846 shares of the transportation company’s stock, valued at approximately $111,168,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its stake in shares of Ryder System by 53.3% in the third quarter. AQR Capital Management LLC now owns 720,108 shares of the transportation company’s stock worth $134,855,000 after acquiring an additional 250,432 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Ryder System by 369.4% in the third quarter. BNP Paribas Financial Markets now owns 196,968 shares of the transportation company’s stock worth $37,156,000 after acquiring an additional 155,007 shares during the last quarter. Orbis Allan Gray Ltd grew its stake in shares of Ryder System by 15.4% in the second quarter. Orbis Allan Gray Ltd now owns 1,005,382 shares of the transportation company’s stock worth $159,856,000 after acquiring an additional 134,423 shares during the last quarter. Treasurer of the State of North Carolina grew its stake in shares of Ryder System by 294.5% in the second quarter. Treasurer of the State of North Carolina now owns 160,242 shares of the transportation company’s stock worth $25,478,000 after acquiring an additional 119,618 shares during the last quarter. Finally, UBS Group AG grew its stake in shares of Ryder System by 40.1% in the third quarter. UBS Group AG now owns 267,077 shares of the transportation company’s stock worth $50,381,000 after acquiring an additional 76,441 shares during the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ryder System

In related news, Director Luis P. Nieto, Jr. sold 720 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $235.79, for a total transaction of $169,768.80. Following the sale, the director directly owned 29,974 shares of the company’s stock, valued at $7,067,569.46. This trade represents a 2.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Sanford J. Hodes sold 595 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $251.95, for a total value of $149,910.25. Following the sale, the senior vice president directly owned 22,948 shares in the company, valued at $5,781,748.60. This trade represents a 2.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 4.90% of the company’s stock.

Ryder System Trading Up 1.9%

Ryder System stock opened at $265.26 on Friday. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.68 and a quick ratio of 0.68. Ryder System, Inc. has a one year low of $146.74 and a one year high of $265.59. The stock has a market capitalization of $10.26 billion, a PE ratio of 22.05 and a beta of 1.01. The business’s fifty day moving average is $230.94 and its 200 day moving average is $207.91.

Ryder System (NYSE:R) last released its quarterly earnings data on Thursday, April 23rd. The transportation company reported $2.54 EPS for the quarter, beating the consensus estimate of $2.29 by $0.25. Ryder System had a return on equity of 17.75% and a net margin of 3.91%.The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $3.11 billion. During the same period last year, the firm posted $2.46 earnings per share. Ryder System’s revenue was down .2% compared to the same quarter last year. Ryder System has set its FY 2026 guidance at 14.050-14.80 EPS and its Q2 2026 guidance at 3.500-3.75 EPS. On average, sell-side analysts predict that Ryder System, Inc. will post 14.82 EPS for the current year.

Ryder System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Monday, May 18th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $3.64 annualized dividend and a dividend yield of 1.4%. Ryder System’s dividend payout ratio (DPR) is 30.26%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on R shares. Zacks Research raised Ryder System from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. increased their target price on Ryder System from $203.00 to $250.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Wall Street Zen raised Ryder System from a “hold” rating to a “buy” rating in a research note on Saturday, April 25th. Susquehanna increased their target price on Ryder System from $235.00 to $250.00 and gave the stock a “positive” rating in a research note on Friday, February 13th. Finally, Citigroup increased their target price on Ryder System from $239.00 to $276.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Ryder System presently has an average rating of “Moderate Buy” and a consensus price target of $234.89.

Ryder System Company Profile

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.