Principle Wealth Partners LLC Invests $820,000 in Ryder System, Inc. $R

Principle Wealth Partners LLC purchased a new stake in shares of Ryder System, Inc. (NYSE:R) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,109 shares of the transportation company’s stock, valued at approximately $820,000.

A number of other large investors have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Ryder System during the 2nd quarter worth $30,000. Beverly Hills Private Wealth LLC purchased a new stake in shares of Ryder System in the 2nd quarter worth $315,000. Simplicity Wealth LLC purchased a new stake in shares of Ryder System in the 2nd quarter worth $208,000. Nippon Life Global Investors Americas Inc. bought a new position in shares of Ryder System during the 2nd quarter worth $31,713,000. Finally, Global Retirement Partners LLC bought a new position in shares of Ryder System during the 2nd quarter worth $252,000. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on R shares. Wells Fargo & Company lifted their price objective on Ryder System from $290.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, July 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ryder System in a report on Wednesday, May 27th. Susquehanna raised their target price on shares of Ryder System from $290.00 to $310.00 and gave the company a “positive” rating in a research report on Friday, July 24th. Zacks Research cut shares of Ryder System from a “strong-buy” rating to a “hold” rating in a research 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 report on Saturday, August 8th. One investment 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 stock. 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 Trading Up 0.2%

Shares of NYSE R opened at $264.40 on Tuesday. Ryder System, Inc. has a 1-year low of $157.67 and a 1-year high of $284.25. The business has a fifty day moving average price of $266.44 and a 200 day moving average price of $237.32. The stock has a market capitalization of $10.14 billion, a P/E ratio of 21.51 and a beta of 1.02. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.65 and a quick ratio of 0.65.

Ryder System (NYSE:R) last posted its earnings results on Thursday, July 23rd. The transportation company reported $3.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.69 by $0.04. The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $3.29 billion. Ryder System had a return on equity of 18.28% and a net margin of 3.88%.The firm’s quarterly revenue 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. Equities research analysts expect that Ryder System, Inc. will post 14.74 EPS for the current fiscal year.

Ryder System Increases Dividend

The company 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 dividend of $1.01 per share. This is a boost from Ryder System’s previous quarterly dividend of $0.91. The ex-dividend date is Monday, August 24th. This represents a $4.04 annualized dividend and a dividend yield of 1.5%. Ryder System’s dividend payout ratio (DPR) is presently 32.87%.

Insider Buying and Selling

In other Ryder System news, SVP Sanford J. Hodes sold 595 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $251.95, for a total value of $149,910.25. Following the completion of the sale, the senior vice president directly owned 22,948 shares in the company, valued at $5,781,748.60. This trade represents a 2.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.90% of the stock is owned by 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.