Public Employees Retirement System of Ohio Makes New Investment in Ryder System, Inc. $R

Public Employees Retirement System of Ohio purchased a new position in shares of Ryder System, Inc. (NYSE:R) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 17,392 shares of the transportation company’s stock, valued at approximately $4,587,000.

Several other institutional investors also recently added to or reduced their stakes in R. Royal Bank of Canada grew its position in shares of Ryder System by 52.8% during the first quarter. Royal Bank of Canada now owns 15,765 shares of the transportation company’s stock worth $2,267,000 after acquiring an additional 5,448 shares during the last quarter. Focus Partners Wealth raised its position in Ryder System by 7.9% in the 1st quarter. Focus Partners Wealth now owns 1,851 shares of the transportation company’s stock valued at $266,000 after purchasing an additional 135 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Ryder System by 61.2% in 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 last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Ryder System by 10.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,191 shares of the transportation company’s stock worth $189,000 after purchasing an additional 110 shares during the period. Finally, M&T Bank Corp boosted its stake in Ryder System by 10.9% during the 2nd quarter. M&T Bank Corp now owns 2,153 shares of the transportation company’s stock worth $343,000 after purchasing an additional 212 shares during the period. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Stock Performance

Shares of R opened at $242.85 on Thursday. The stock has a market capitalization of $9.31 billion, a P/E ratio of 19.76 and a beta of 1.01. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.65 and a current ratio of 0.65. Ryder System, Inc. has a 1 year low of $157.67 and a 1 year high of $284.25. The company’s fifty day moving average is $261.03 and its two-hundred day moving average is $240.80.

Ryder System (NYSE:R) last released its earnings results on Thursday, July 23rd. The transportation company reported $3.73 EPS for the quarter, topping the consensus estimate of $3.69 by $0.04. The company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $3.29 billion. Ryder System had a net margin of 3.88% and a return on equity of 18.28%. The business’s revenue was up 5.0% on a year-over-year basis. During the same quarter last 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. On average, sell-side analysts predict that Ryder System, Inc. will post 14.74 earnings per share for the current 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 $1.01 dividend. 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 dividend on an annualized basis and a yield of 1.7%. Ryder System’s payout ratio is 32.87%.

Analysts Set New Price Targets

A number of research firms have commented on R. Robert W. Baird lifted their price objective on shares of Ryder System from $253.00 to $290.00 and gave the company an “outperform” rating in a research note on Wednesday, June 17th. Citigroup increased their target price on shares of Ryder System from $280.00 to $283.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Ryder System in a report on Monday, August 24th. Susquehanna boosted their price target on Ryder System from $290.00 to $310.00 and gave the company a “positive” rating in a research report on Friday, July 24th. Finally, Wells Fargo & Company upped their price objective on Ryder System from $290.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. One research 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 company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.