Quantinno Capital Management LP Purchases 3,762 Shares of Ryder System, Inc. $R

Quantinno Capital Management LP raised its holdings in shares of Ryder System, Inc. (NYSE:R) by 6.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,472 shares of the transportation company’s stock after purchasing an additional 3,762 shares during the quarter. Quantinno Capital Management LP owned approximately 0.16% of Ryder System worth $12,789,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Ryder System during the 4th quarter valued at approximately $111,168,000. JPMorgan Chase & Co. boosted its stake in Ryder System by 326.8% in the 4th quarter. JPMorgan Chase & Co. now owns 705,037 shares of the transportation company’s stock worth $134,937,000 after purchasing an additional 539,854 shares during the period. Orbis Allan Gray Ltd grew its holdings in Ryder System by 107.3% during the 4th quarter. Orbis Allan Gray Ltd now owns 974,620 shares of the transportation company’s stock valued at $186,533,000 after buying an additional 504,404 shares in the last quarter. First Trust Advisors LP increased its position in shares of Ryder System by 81.5% during the first quarter. First Trust Advisors LP now owns 1,010,320 shares of the transportation company’s stock valued at $206,822,000 after buying an additional 453,697 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of Ryder System by 53.3% during the third quarter. AQR Capital Management LLC now owns 720,108 shares of the transportation company’s stock valued at $134,855,000 after buying an additional 250,432 shares during the period. Institutional investors own 87.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Susquehanna boosted their price objective on shares of Ryder System from $290.00 to $310.00 and gave the company a “positive” rating in a research note on Friday, July 24th. Stephens raised shares of Ryder System to a “strong-buy” rating in a report on Wednesday, July 8th. JPMorgan Chase & Co. boosted their price target on shares of Ryder System from $259.00 to $296.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Zacks Research cut shares of Ryder System from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Finally, Citigroup increased their price objective on Ryder System from $280.00 to $283.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $294.14.

Insiders Place Their Bets

In other Ryder System news, SVP Sanford J. Hodes sold 595 shares of Ryder System stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $251.95, for a total transaction of $149,910.25. Following the completion of the sale, the senior vice president owned 22,948 shares of the company’s stock, valued at $5,781,748.60. The trade was a 2.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.90% of the stock is owned by insiders.

Ryder System Trading Up 2.5%

Shares of Ryder System stock opened at $262.77 on Tuesday. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.65 and a quick ratio of 0.65. Ryder System, Inc. has a 1 year low of $157.67 and a 1 year high of $284.25. The firm has a market cap of $10.08 billion, a PE ratio of 21.38 and a beta of 1.02. The company has a 50 day simple moving average of $265.20 and a two-hundred day simple moving average of $232.27.

Ryder System (NYSE:R) last issued its quarterly earnings results on Thursday, July 23rd. The transportation company reported $3.73 EPS for the quarter, topping analysts’ consensus estimates of $3.69 by $0.04. The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates 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 for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. 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. Investors of record on Monday, August 24th will be paid a $1.01 dividend. This is a boost from Ryder System’s previous quarterly dividend of $0.91. This represents a $4.04 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Monday, August 24th. Ryder System’s payout ratio is currently 29.62%.

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.