Cibc World Market Inc. Takes Position in Ryder System, Inc. $R

Cibc World Market Inc. purchased a new stake in Ryder System, Inc. (NYSE:R) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,381 shares of the transportation company’s stock, valued at approximately $628,000.

Other large investors also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB grew its stake in Ryder System by 36.8% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 160 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 43 shares during the period. Quantum Portfolio Management LLC raised its position in Ryder System by 2.1% during the first quarter. Quantum Portfolio Management LLC now owns 2,564 shares of the transportation company’s stock worth $525,000 after acquiring an additional 52 shares during the period. Orion Porfolio Solutions LLC raised its position in Ryder System by 2.4% during the fourth quarter. Orion Porfolio Solutions LLC now owns 2,262 shares of the transportation company’s stock worth $433,000 after acquiring an additional 52 shares during the period. Corient Private Wealth LLC lifted its holdings in Ryder System by 0.8% during the fourth quarter. Corient Private Wealth LLC now owns 7,337 shares of the transportation company’s stock valued at $1,404,000 after purchasing an additional 58 shares in the last quarter. Finally, Vectors Research Management LLC lifted its holdings in Ryder System by 0.3% during the fourth quarter. Vectors Research Management LLC now owns 18,512 shares of the transportation company’s stock valued at $3,543,000 after purchasing an additional 61 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Price Performance

Ryder System stock opened at $247.99 on Friday. The company has a fifty day simple moving average of $262.56 and a 200-day simple moving average of $239.94. The firm has a market capitalization of $9.51 billion, a price-to-earnings ratio of 20.18 and a beta of 1.02. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.91. Ryder System, Inc. has a 52-week low of $157.67 and a 52-week high of $284.25.

Ryder System (NYSE:R) last posted its quarterly earnings results on Thursday, July 23rd. The transportation company reported $3.73 earnings per share for the quarter, topping the consensus estimate of $3.69 by $0.04. The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the firm posted $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. On average, equities analysts anticipate 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 given a dividend of $1.01 per share. The ex-dividend date is Monday, August 24th. This is an increase from Ryder System’s previous quarterly dividend of $0.91. This represents a $4.04 annualized dividend and a yield of 1.6%. Ryder System’s dividend payout ratio (DPR) is 32.87%.

Analyst Ratings Changes

R has been the subject of a number of research reports. Stephens raised shares of Ryder System to a “strong-buy” rating in a research note on Wednesday, July 8th. Barclays upped their price target on shares of Ryder System from $290.00 to $300.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ryder System in a research note on Monday. Citigroup lifted their price objective on Ryder System from $280.00 to $283.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Finally, Morgan Stanley boosted their price objective on Ryder System from $263.00 to $280.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Ryder System currently has an average rating of “Moderate Buy” and an average target price 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.