Man Group plc Makes New Investment in Ryder System, Inc. $R

Man Group plc acquired a new position in shares of Ryder System, Inc. (NYSE:R) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 61,532 shares of the transportation company’s stock, valued at approximately $16,230,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. acquired a new position in Ryder System in the second quarter valued at $1,060,749,000. Norges Bank acquired a new stake in Ryder System in the 4th quarter worth about $111,168,000. JPMorgan Chase & Co. grew its holdings in Ryder System by 326.8% in the 4th quarter. JPMorgan Chase & Co. now owns 705,037 shares of the transportation company’s stock valued at $134,937,000 after buying an additional 539,854 shares during the period. Bank of New York Mellon Corp purchased a new stake in Ryder System in the 2nd quarter valued at about $136,320,000. Finally, Orbis Allan Gray Ltd increased its stake in shares of Ryder System by 107.3% during the 4th quarter. Orbis Allan Gray Ltd now owns 974,620 shares of the transportation company’s stock valued at $186,533,000 after acquiring an additional 504,404 shares during the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Ryder System Stock Performance

Ryder System stock opened at $247.99 on Friday. The company has a market cap of $9.51 billion, a price-to-earnings ratio of 20.18 and a beta of 1.02. Ryder System, Inc. has a 12 month low of $157.67 and a 12 month high of $284.25. 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 stock’s 50-day moving average is $262.56 and its 200-day moving average is $239.94.

Ryder System (NYSE:R) last issued its earnings results on Thursday, July 23rd. The transportation company reported $3.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.69 by $0.04. The business had revenue of $2.69 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.32 EPS. 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. Equities analysts anticipate that Ryder System, Inc. will post 14.74 earnings per share for the current year.

Ryder System Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Monday, August 24th will be paid a dividend of $1.01 per share. This is an increase from Ryder System’s previous quarterly dividend of $0.91. This represents a $4.04 annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, August 24th. Ryder System’s payout ratio is presently 32.87%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Citizens Jmp started coverage on shares of Ryder System in a report on Wednesday, July 15th. They set a “market perform” rating on the stock. Citigroup upped their price target on shares of Ryder System from $280.00 to $283.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ryder System in a research note on Monday. Zacks Research lowered shares of Ryder System from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Finally, Wall Street Zen raised shares of Ryder System from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. One 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $294.14.

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.