Burns Matteson Capital Management LLC Buys New Shares in Ryder System, Inc. $R

Burns Matteson Capital Management LLC purchased a new stake in shares of Ryder System, Inc. (NYSE:R) in the third quarter, Holdings Channel reports. The firm purchased 2,155 shares of the transportation company’s stock, valued at approximately $491,000.

A number of other hedge funds have also bought and sold shares of the business. BlackRock Inc. bought a new stake in Ryder System during the second quarter worth $1,060,749,000. Dimensional Fund Advisors LP boosted its position in Ryder System by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,621,947 shares of the transportation company’s stock worth $331,996,000 after purchasing an additional 6,652 shares during the last quarter. First Trust Advisors LP grew its stake in Ryder System by 81.5% in the 1st quarter. First Trust Advisors LP now owns 1,010,320 shares of the transportation company’s stock valued at $206,822,000 after purchasing an additional 453,697 shares during the period. Bank of America Corp DE bought a new position in Ryder System in the 2nd quarter valued at $207,689,000. Finally, Bank of New York Mellon Corp bought a new position in Ryder System in the 2nd quarter valued at $136,320,000. 87.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on R. Citigroup raised Ryder System from a “neutral” rating to a “buy” rating and raised their target price for the company from $283.00 to $285.00 in a research report on Thursday, October 8th. Janney Montgomery Scott set a $285.00 price target on shares of Ryder System in a report on Thursday, October 8th. Wall Street Zen raised shares of Ryder System from a “buy” rating to a “strong-buy” rating in a report on Monday, October 12th. Susquehanna reduced their price target on shares of Ryder System from $310.00 to $280.00 and set a “positive” rating for the company in a research report on Friday, October 2nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Ryder System in a report on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given 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 $284.12.

Ryder System Stock Down 0.9%

Shares of NYSE R opened at $237.97 on Friday. Ryder System, Inc. has a one year low of $157.67 and a one year high of $284.25. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.65 and a quick ratio of 0.65. The business’s fifty day moving average price is $243.65 and its 200-day moving average price is $247.64. The stock has a market capitalization of $9.13 billion, a PE ratio of 19.36 and a beta of 1.05.

Ryder System (NYSE:R) last announced its quarterly earnings results on Thursday, July 23rd. The transportation company reported $3.73 EPS for the quarter, beating analysts’ consensus estimates of $3.69 by $0.04. Ryder System had a net margin of 3.88% and a return on equity of 18.28%. The company had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $3.29 billion. During the same period in the prior year, the company posted $3.32 EPS. Ryder System’s revenue was up 5.0% compared to the same quarter last year. 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 research analysts anticipate that Ryder System, Inc. will post 14.74 EPS for the current year.

Ryder System Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Monday, November 23rd will be issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, November 23rd. Ryder System’s dividend payout ratio (DPR) is presently 32.87%.

Ryder System Profile

Ryder System, Inc is a transportation and logistics company that provides fleet management, supply chain, and dedicated transportation solutions. Its services include commercial vehicle leasing and rental, fleet maintenance, transportation management, warehousing, distribution, and delivery services.

The company serves businesses across industries through operations in the United States, Canada, and Mexico. Ryder also supports e-commerce and retail customers with last-mile delivery, fulfillment, and related logistics services, and sells used commercial vehicles through its network of vehicle sales centers and online channels.

Founded in 1933 by James Ryder, the company is headquartered in Miami, Florida.