Legal & General Group Plc Lowers Holdings in Ryder System, Inc. $R

Legal & General Group Plc reduced its stake in shares of Ryder System, Inc. (NYSE:R) by 22.5% during the 4th quarter, HoldingsChannel reports. The fund owned 74,647 shares of the transportation company’s stock after selling 21,690 shares during the period. Legal & General Group Plc’s holdings in Ryder System were worth $14,287,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. State Street Corp grew its holdings in Ryder System by 0.4% in the second quarter. State Street Corp now owns 1,995,292 shares of the transportation company’s stock valued at $317,251,000 after purchasing an additional 7,447 shares during the period. Orbis Allan Gray Ltd raised its stake in Ryder System by 15.4% during the second quarter. Orbis Allan Gray Ltd now owns 1,005,382 shares of the transportation company’s stock worth $159,856,000 after purchasing an additional 134,423 shares during the period. Bank of America Corp DE boosted its holdings in shares of Ryder System by 6.7% in the 2nd quarter. Bank of America Corp DE now owns 988,117 shares of the transportation company’s stock valued at $157,111,000 after purchasing an additional 62,313 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Ryder System by 3.5% in the 3rd quarter. Sei Investments Co. now owns 883,338 shares of the transportation company’s stock valued at $166,633,000 after purchasing an additional 30,144 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Ryder System by 1.1% during the 3rd quarter. American Century Companies Inc. now owns 867,658 shares of the transportation company’s stock valued at $163,675,000 after buying an additional 9,404 shares during the period. 87.47% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Ryder System Stock Up 1.6%

NYSE R opened at $257.79 on Wednesday. The stock has a market cap of $9.97 billion, a PE ratio of 21.43 and a beta of 1.01. Ryder System, Inc. has a fifty-two week low of $145.00 and a fifty-two week high of $259.42. The business has a 50 day moving average price of $227.16 and a two-hundred day moving average price of $205.99. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.09.

Ryder System (NYSE:R) last posted its quarterly earnings data on Thursday, April 23rd. The transportation company reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.25. Ryder System had a net margin of 3.91% and a return on equity of 17.75%. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same quarter last year, the firm posted $2.46 earnings per share. The business’s quarterly revenue was down .2% on a year-over-year basis. 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. As a group, sell-side analysts predict that Ryder System, Inc. will post 14.82 EPS for the current fiscal year.

Ryder System Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Monday, May 18th will be paid 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 yield of 1.4%. Ryder System’s payout ratio is 30.26%.

Analyst Ratings Changes

R has been the topic of several research reports. Zacks Research raised Ryder System from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Barclays upped their price target on Ryder System from $220.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Robert W. Baird lifted their price target on shares of Ryder System from $202.00 to $253.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Susquehanna lifted their target price on shares of Ryder System from $235.00 to $250.00 and gave the company a “positive” rating in a report on Friday, February 13th. Finally, Wells Fargo & Company increased their price target on Ryder System from $210.00 to $236.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. One investment 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 stock. Based on data from MarketBeat.com, Ryder System currently has an average rating of “Moderate Buy” and a consensus target price of $234.89.

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.