Kendall Capital Management Makes New Investment in Ryder System, Inc. $R

Kendall Capital Management acquired a new position in shares of Ryder System, Inc. (NYSE:R) during the 2nd quarter, HoldingsChannel reports. The firm acquired 13,540 shares of the transportation company’s stock, valued at approximately $3,571,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB lifted its position in Ryder System by 36.8% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 160 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 43 shares during the last quarter. Quantum Portfolio Management LLC grew its position in Ryder System by 2.1% in the 1st quarter. Quantum Portfolio Management LLC now owns 2,564 shares of the transportation company’s stock valued at $525,000 after buying an additional 52 shares in the last quarter. Orion Porfolio Solutions LLC grew its position in Ryder System by 2.4% in the 4th quarter. Orion Porfolio Solutions LLC now owns 2,262 shares of the transportation company’s stock valued at $433,000 after buying an additional 52 shares in the last quarter. Corient Private Wealth LLC increased its stake in Ryder System by 0.8% during the 4th quarter. Corient Private Wealth LLC now owns 7,337 shares of the transportation company’s stock valued at $1,404,000 after buying an additional 58 shares during the period. Finally, Vectors Research Management LLC raised its position in shares of Ryder System by 0.3% during the 4th quarter. Vectors Research Management LLC now owns 18,512 shares of the transportation company’s stock worth $3,543,000 after buying an additional 61 shares in the last quarter. 87.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

R has been the topic of several recent analyst reports. Stephens raised Ryder System to a “strong-buy” rating in a report on Wednesday, July 8th. Citigroup raised their target price on shares of Ryder System from $280.00 to $283.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. JPMorgan Chase & Co. raised their target price on Ryder System from $259.00 to $296.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Citizens Jmp initiated coverage on Ryder System in a research note on Wednesday, July 15th. They set a “market perform” rating on the stock. Finally, Susquehanna upped their target price on Ryder System from $290.00 to $310.00 and gave the company a “positive” rating in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $294.14.

Insiders Place Their Bets

In other news, SVP Sanford J. Hodes sold 595 shares of Ryder System 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 in the company, valued at approximately $5,781,748.60. The trade was a 2.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.90% of the stock is currently owned by corporate insiders.

Ryder System Trading Up 0.6%

NYSE:R opened at $249.44 on Friday. The company has a market capitalization of $9.57 billion, a P/E ratio of 20.30 and a beta of 1.02. The stock’s 50 day moving average price is $264.42 and its 200 day moving average price is $238.70. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.65 and a current ratio of 0.65. Ryder System, Inc. has a 52 week low of $157.67 and a 52 week high of $284.25.

Ryder System (NYSE:R) last released its quarterly earnings data on Thursday, July 23rd. The transportation company reported $3.73 earnings per share (EPS) 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 business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $3.29 billion. During the same quarter in the previous year, the business earned $3.32 EPS. Ryder System’s quarterly 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. On average, research analysts forecast that Ryder System, Inc. will post 14.74 EPS for the current fiscal year.

Ryder System Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Monday, August 24th will be given 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 dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, August 24th. Ryder System’s payout ratio is 29.62%.

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.