Redwood Investment Management LLC Purchases New Holdings in Ryder System, Inc. $R

Redwood Investment Management LLC purchased a new position in shares of Ryder System, Inc. (NYSE:R) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 4,456 shares of the transportation company’s stock, valued at approximately $1,175,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of Ryder System in the second quarter valued at $1,060,749,000. Bank of America Corp DE bought a new stake in Ryder System during the second quarter worth $207,689,000. Norges Bank acquired a new stake in Ryder System in the fourth quarter valued at $111,168,000. JPMorgan Chase & Co. lifted its stake in Ryder System by 326.8% in the fourth quarter. JPMorgan Chase & Co. now owns 705,037 shares of the transportation company’s stock valued at $134,937,000 after acquiring an additional 539,854 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Ryder System in the 2nd quarter valued at about $136,320,000. Institutional investors own 87.47% of the company’s stock.

Analyst Ratings Changes

R has been the topic of several recent analyst reports. Citigroup boosted their price objective on shares of Ryder System from $280.00 to $283.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Zacks Research cut Ryder System from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Wells Fargo & Company boosted their price target on Ryder System from $290.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of Ryder System in a research note on Monday. Finally, JPMorgan Chase & Co. raised their price objective on Ryder System from $259.00 to $296.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. One 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $294.14.

Ryder System Stock Performance

R opened at $249.96 on Thursday. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.65 and a quick ratio of 0.65. The business has a fifty day simple moving average of $262.87 and a 200 day simple moving average of $239.73. Ryder System, Inc. has a 1 year low of $157.67 and a 1 year high of $284.25. The company has a market capitalization of $9.59 billion, a PE ratio of 20.34 and a beta of 1.02.

Ryder System (NYSE:R) last posted its earnings results on Thursday, July 23rd. The transportation company reported $3.73 earnings per share for the quarter, topping analysts’ consensus estimates of $3.69 by $0.04. The company had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $3.29 billion. Ryder System had a return on equity of 18.28% and a net margin of 3.88%.The company’s revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the firm earned $3.32 earnings per share. 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. Research analysts expect that Ryder System, Inc. will post 14.74 EPS for the current year.

Ryder System Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Monday, August 24th will be given a dividend of $1.01 per share. 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 yield of 1.6%. The ex-dividend date of this dividend is Monday, August 24th. Ryder System’s payout ratio is 32.87%.

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.