Peregrine Capital Management LLC Sells 9,239 Shares of Ryder System, Inc. $R

Peregrine Capital Management LLC decreased its holdings in Ryder System, Inc. (NYSE:R) by 27.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,934 shares of the transportation company’s stock after selling 9,239 shares during the quarter. Peregrine Capital Management LLC’s holdings in Ryder System were worth $4,900,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in R. Calamos Wealth Management LLC bought a new position in Ryder System during the 4th quarter worth $1,408,000. Oak Thistle LLC bought a new stake in shares of Ryder System during the 4th quarter valued at $903,000. AE Wealth Management LLC grew its holdings in shares of Ryder System by 27.2% during the 4th quarter. AE Wealth Management LLC now owns 179,184 shares of the transportation company’s stock worth $34,294,000 after purchasing an additional 38,286 shares in the last quarter. Fieldview Capital Management LLC acquired a new stake in shares of Ryder System during the 3rd quarter worth $3,416,000. Finally, NewEdge Wealth LLC increased its position in shares of Ryder System by 2.9% in the fourth quarter. NewEdge Wealth LLC now owns 250,334 shares of the transportation company’s stock worth $47,911,000 after purchasing an additional 6,952 shares during the period. Institutional investors and hedge funds own 87.47% of the company’s stock.

Insider Activity

In other news, Director Luis P. Nieto, Jr. sold 720 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $235.79, for a total transaction of $169,768.80. Following the completion of the transaction, the director directly owned 29,974 shares in the company, valued at $7,067,569.46. This trade represents a 2.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Sanford J. Hodes sold 595 shares of the company’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 sale, the senior vice president owned 22,948 shares in the company, valued at $5,781,748.60. The trade was a 2.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 4.90% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on R shares. Citigroup boosted their price target on Ryder System from $239.00 to $276.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ryder System in a research note on Wednesday, May 27th. JPMorgan Chase & Co. boosted their price target on Ryder System from $203.00 to $250.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Wells Fargo & Company boosted their target price on Ryder System from $260.00 to $290.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. Finally, Barclays increased their target price on shares of Ryder System from $250.00 to $290.00 and gave the stock an “overweight” rating in a report on Friday, June 26th. Seven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $260.75.

Ryder System Stock Performance

Shares of R stock opened at $266.02 on Thursday. The firm has a market capitalization of $10.29 billion, a price-to-earnings ratio of 22.11 and a beta of 1.01. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.09. The business’s 50-day moving average price is $252.44 and its 200-day moving average price is $220.31. Ryder System, Inc. has a 12 month low of $157.67 and a 12 month high of $284.25.

Ryder System (NYSE:R) last issued its quarterly earnings data on Thursday, April 23rd. The transportation company reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.25. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $3.11 billion. Ryder System had a net margin of 3.91% and a return on equity of 17.75%. The firm’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the business earned $2.46 EPS. Ryder System has set its FY 2026 guidance at 14.050-14.80 EPS and its Q2 2026 guidance at 3.500-3.75 EPS. Equities research analysts forecast that Ryder System, Inc. will post 14.82 EPS for the current year.

Ryder System Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Monday, May 18th were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, May 18th. Ryder System’s payout ratio is 30.26%.

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.