Principle Wealth Partners LLC Buys New Position in Ryder System, Inc. $R

Principle Wealth Partners LLC purchased a new stake in Ryder System, Inc. (NYSE:R) in the second quarter, HoldingsChannel.com reports. The firm purchased 3,109 shares of the transportation company’s stock, valued at approximately $820,000.

Several other institutional investors have also added to or reduced their stakes in the business. Cedar Mountain Advisors LLC increased its holdings in shares of Ryder System by 522.7% during the first 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 in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Ryder System during the 2nd quarter worth approximately $30,000. Los Angeles Capital Management LLC purchased a new stake in Ryder System during the 4th quarter worth approximately $31,000. Geneos Wealth Management Inc. increased its stake in Ryder System by 61.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company’s stock valued at $41,000 after purchasing an additional 109 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Ryder System by 36.8% during 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 in the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Stock Performance

Shares of NYSE R opened at $264.40 on Tuesday. The company has a 50 day simple moving average of $266.44 and a two-hundred day simple moving average of $237.32. The stock has a market cap of $10.14 billion, a price-to-earnings ratio of 21.51 and a beta of 1.02. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.91. Ryder System, Inc. has a 12 month low of $157.67 and a 12 month 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 for the quarter, topping analysts’ consensus estimates of $3.69 by $0.04. Ryder System had a net margin of 3.88% and a return on equity of 18.28%. The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same quarter in the prior year, the business earned $3.32 earnings per share. The business’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. As a group, analysts predict that Ryder System, Inc. will post 14.74 earnings per share for the current year.

Ryder System Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Monday, August 24th will be given a dividend of $1.01 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $4.04 annualized dividend and a yield of 1.5%. This is an increase from Ryder System’s previous quarterly dividend of $0.91. Ryder System’s payout ratio is 32.87%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on R. JPMorgan Chase & Co. lifted their price objective on shares of Ryder System from $259.00 to $296.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Citizens Jmp assumed coverage on Ryder System in a research report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Zacks Research cut Ryder System from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. Stephens upgraded Ryder System to a “strong-buy” rating in a research note on Wednesday, July 8th. Finally, Barclays increased their price objective on Ryder System from $290.00 to $300.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $294.14.

Insider Activity

In other news, SVP Sanford J. Hodes sold 595 shares of the business’s 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 completion of the transaction, the senior vice president owned 22,948 shares of the company’s stock, valued at $5,781,748.60. The trade was a 2.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 4.90% of the stock is currently owned by company insiders.

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.