100,000 Shares in Ryder System, Inc. $R Acquired by Pacific Heights Asset Management LLC

Pacific Heights Asset Management LLC acquired a new stake in Ryder System, Inc. (NYSE:R) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 100,000 shares of the transportation company’s stock, valued at approximately $26,377,000. Pacific Heights Asset Management LLC owned about 0.26% of Ryder System as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Keating Financial Advisory Services Inc. acquired a new stake in Ryder System in the 2nd quarter valued at about $26,000. Cedar Mountain Advisors LLC raised its position 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 worth $28,000 after acquiring an additional 115 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Ryder System during the second quarter worth $30,000. Los Angeles Capital Management LLC acquired a new position in Ryder System during the 4th quarter valued at about $31,000. Finally, Geneos Wealth Management Inc. lifted its position 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 during the period. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Stock Performance

R opened at $247.99 on Friday. The company has a market capitalization of $9.51 billion, a price-to-earnings ratio of 20.18 and a beta of 1.02. Ryder System, Inc. has a 1 year low of $157.67 and a 1 year high of $284.25. The business’s 50-day moving average price is $262.56 and its two-hundred day moving average price is $239.94. 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 issued its quarterly 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 firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $3.29 billion. Ryder System had a net margin of 3.88% and a return on equity of 18.28%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same period 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 expect that Ryder System, Inc. will post 14.74 EPS for the current fiscal year.

Ryder System Increases Dividend

The company also recently announced 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 is an increase 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 yield of 1.6%. Ryder System’s dividend payout ratio (DPR) is 32.87%.

Analyst Upgrades and Downgrades

R has been the topic of a number of recent research reports. Morgan Stanley raised their price objective on shares of Ryder System from $263.00 to $280.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. JPMorgan Chase & Co. increased their price target on shares of Ryder System from $259.00 to $296.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Citigroup boosted their price objective on shares of Ryder System from $280.00 to $283.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Citizens Jmp began coverage on shares of Ryder System in a report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Finally, Wall Street Zen raised shares of Ryder System from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $294.14.

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.