Bank of New York Mellon Corp Has $100.97 Million Holdings in Ryder System, Inc. $R

Bank of New York Mellon Corp trimmed its position in Ryder System, Inc. (NYSE:R) by 5.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 527,555 shares of the transportation company’s stock after selling 27,596 shares during the period. Bank of New York Mellon Corp’s holdings in Ryder System were worth $100,969,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new position in shares of Ryder System during the fourth quarter valued at $111,168,000. AQR Capital Management LLC lifted its position in shares of Ryder System by 53.3% in the third quarter. AQR Capital Management LLC now owns 720,108 shares of the transportation company’s stock worth $134,855,000 after purchasing an additional 250,432 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Ryder System by 369.4% in the third quarter. BNP Paribas Financial Markets now owns 196,968 shares of the transportation company’s stock worth $37,156,000 after purchasing an additional 155,007 shares in the last quarter. Orbis Allan Gray Ltd grew its holdings in shares of Ryder System by 15.4% during the 2nd quarter. Orbis Allan Gray Ltd now owns 1,005,382 shares of the transportation company’s stock valued at $159,856,000 after acquiring an additional 134,423 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in shares of Ryder System by 294.5% during the second quarter. Treasurer of the State of North Carolina now owns 160,242 shares of the transportation company’s stock worth $25,478,000 after acquiring an additional 119,618 shares in the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Susquehanna boosted their target price on Ryder System from $235.00 to $250.00 and gave the company a “positive” rating in a research note on Friday, February 13th. Zacks Research raised shares of Ryder System from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Wells Fargo & Company lifted their price objective on shares of Ryder System from $260.00 to $290.00 and gave the company an “overweight” rating in a research note on Friday. JPMorgan Chase & Co. increased their target price on shares of Ryder System from $203.00 to $250.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Finally, Citigroup upped their price target on Ryder System from $239.00 to $276.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Ryder System currently has an average rating of “Moderate Buy” and a consensus price target of $240.89.

Ryder System Trading Up 0.1%

Shares of NYSE:R opened at $265.47 on Monday. The stock’s 50-day moving average is $232.17 and its 200-day moving average is $208.62. Ryder System, Inc. has a 52-week low of $146.74 and a 52-week high of $269.99. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market cap of $10.27 billion, a P/E ratio of 22.07 and a beta of 1.01.

Ryder System (NYSE:R) last issued its earnings results on Thursday, April 23rd. The transportation company reported $2.54 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 return on equity of 17.75% and a net margin of 3.91%.Ryder System’s revenue was down .2% on a year-over-year basis. During the same period in the prior year, the company posted $2.46 earnings per share. 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 predict that Ryder System, Inc. will post 14.82 earnings per share for the current year.

Ryder System Dividend Announcement

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

Insiders Place Their Bets

In other Ryder System news, SVP Sanford J. Hodes sold 595 shares of Ryder System stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $251.95, for a total value of $149,910.25. Following the completion of the transaction, the senior vice president owned 22,948 shares in the company, valued at approximately $5,781,748.60. The trade was a 2.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Luis P. Nieto, Jr. sold 720 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $235.79, for a total transaction of $169,768.80. Following the completion of the sale, the director owned 29,974 shares of the company’s stock, valued at $7,067,569.46. The trade was a 2.35% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 4.90% of the company’s stock.

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.