Commerce Bank Takes Position in Ryder System, Inc. $R

Commerce Bank acquired a new stake in shares of Ryder System, Inc. (NYSE:R) during the second quarter, Holdings Channel reports. The firm acquired 4,416 shares of the transportation company’s stock, valued at approximately $1,165,000.

Several other large investors have also made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Ryder System in the 2nd quarter valued at about $1,060,749,000. Norges Bank acquired a new position in Ryder System in the 4th quarter valued at $111,168,000. JPMorgan Chase & Co. grew its stake in shares of 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 in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Ryder System during the second quarter worth approximately $136,320,000. Finally, Orbis Allan Gray Ltd raised its holdings in Ryder System by 107.3% in 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 in the last quarter. Institutional investors own 87.47% of the company’s stock.

Insiders Place Their Bets

In related 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 transaction of $149,910.25. Following the transaction, the senior vice president owned 22,948 shares in the company, valued at $5,781,748.60. The trade was a 2.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.90% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently commented on R. JPMorgan Chase & Co. boosted their price target on Ryder System from $259.00 to $296.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Barclays boosted their price objective on shares of Ryder System from $290.00 to $300.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Morgan Stanley increased their target price on shares of Ryder System from $263.00 to $280.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. Citizens Jmp assumed coverage on Ryder System in a research report on Wednesday, July 15th. They issued a “market perform” rating for the company. Finally, Wells Fargo & Company lifted their price objective on shares of Ryder System from $290.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $294.14.

Ryder System Stock Performance

NYSE:R opened at $246.00 on Wednesday. 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 $9.43 billion, a price-to-earnings ratio of 20.02 and a beta of 1.02. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.65 and a current ratio of 0.65. The business’s fifty day moving average is $263.20 and its 200 day moving average is $239.47.

Ryder System (NYSE:R) last issued its quarterly earnings data 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. Ryder System had a return on equity of 18.28% and a net margin of 3.88%.The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter last year, the business posted $3.32 earnings per share. The firm’s 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. Research analysts predict that Ryder System, Inc. will post 14.74 EPS for the current year.

Ryder System Increases Dividend

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

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.