Danske Bank A S Purchases Shares of 48,813 Ryder System, Inc. $R

Danske Bank A S purchased a new position in shares of Ryder System, Inc. (NYSE:R) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 48,813 shares of the transportation company’s stock, valued at approximately $12,875,000.

Several other hedge funds also recently modified their holdings of the stock. Wealthfront Advisers LLC acquired a new position in Ryder System during the second quarter valued at approximately $260,000. RHS Financial LLC acquired a new stake in shares of Ryder System in the 2nd quarter valued at approximately $346,000. Aljian Capital Management LLC bought a new position in shares of Ryder System in the second quarter valued at $433,000. BlackRock Inc. bought a new stake in Ryder System during the second quarter worth $1,060,749,000. Finally, Pallas Capital Advisors LLC acquired a new stake in Ryder System in the second quarter valued at $257,000. Institutional investors own 87.47% of the company’s stock.

Insider Activity at Ryder System

In related 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 transaction, the senior vice president owned 22,948 shares in the company, valued at $5,781,748.60. This trade represents a 2.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.90% of the company’s stock.

Ryder System Stock Performance

NYSE R opened at $247.94 on Friday. The firm’s 50 day simple moving average is $265.05 and its 200 day simple moving average is $238.62. The firm has a market capitalization of $9.51 billion, a price-to-earnings ratio of 20.17 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 1 year low of $157.67 and a 1 year high of $284.25.

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 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 company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $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. As a group, research analysts expect that Ryder System, Inc. will post 14.74 earnings per share 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. Shareholders of record on Monday, August 24th will be issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, August 24th. This is a boost from Ryder System’s previous quarterly dividend of $0.91. Ryder System’s payout ratio is currently 32.87%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on R shares. Morgan Stanley lifted their price target on Ryder System from $263.00 to $280.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. Robert W. Baird increased their price objective on shares of Ryder System from $253.00 to $290.00 and gave the company an “outperform” rating in a research report on Wednesday, June 17th. Citigroup increased their price target 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. Weiss Ratings reissued a “buy (b)” rating on shares of Ryder System in a report on Wednesday, May 27th. Finally, Barclays lifted their target price on Ryder System from $290.00 to $300.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $294.14.

Ryder System 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.