Pacific Heights Asset Management LLC Purchases Shares of 100,000 Ryder System, Inc. $R

Pacific Heights Asset Management LLC acquired a new position in shares of Ryder System, Inc. (NYSE:R) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 100,000 shares of the transportation company’s stock, valued at approximately $26,377,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Keating Financial Advisory Services Inc. acquired a new stake in shares of Ryder System during the 2nd quarter worth about $26,000. Cedar Mountain Advisors LLC raised its holdings in Ryder System by 522.7% in the 1st quarter. Cedar Mountain Advisors LLC now owns 137 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 115 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Ryder System during the second quarter worth approximately $30,000. Los Angeles Capital Management LLC bought a new stake in shares of Ryder System during the fourth quarter worth approximately $31,000. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Ryder System by 61.2% during the first quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company’s stock worth $41,000 after acquiring an additional 109 shares during the period. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Citizens Jmp assumed coverage on Ryder System in a research note on Wednesday, July 15th. They set a “market perform” rating on the stock. Zacks Research lowered Ryder System from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Wells Fargo & Company increased their price objective 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 reissued a “buy (b)” rating on shares of Ryder System in a report on Monday. Finally, 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. One equities 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 company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $294.14.

Ryder System Stock Performance

R opened at $247.99 on Friday. 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. The firm has a market cap of $9.51 billion, a P/E ratio of 20.18 and a beta of 1.02. The business’s fifty day moving average is $262.56 and its 200-day moving average is $239.94.

Ryder System (NYSE:R) last posted its quarterly earnings results on Thursday, July 23rd. The transportation company reported $3.73 EPS for the quarter, beating analysts’ consensus estimates of $3.69 by $0.04. The business 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%.Ryder System’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous 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. Sell-side analysts expect that Ryder System, Inc. will post 14.74 EPS for the current fiscal year.

Ryder System Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Monday, August 24th will be paid a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, August 24th. This is a positive change from Ryder System’s previous quarterly dividend of $0.91. Ryder System’s payout ratio is currently 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.