SummerHaven Investment Management LLC Purchases 2,162 Shares of Ryder System, Inc. $R

SummerHaven Investment Management LLC grew its position in Ryder System, Inc. (NYSE:R) by 50.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,444 shares of the transportation company’s stock after acquiring an additional 2,162 shares during the quarter. Ryder System makes up approximately 1.0% of SummerHaven Investment Management LLC’s holdings, making the stock its 22nd largest position. SummerHaven Investment Management LLC’s holdings in Ryder System were worth $1,468,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Keating Financial Advisory Services Inc. bought a new position in Ryder System during the second quarter worth $26,000. Cedar Mountain Advisors LLC boosted its holdings in Ryder System by 522.7% in the first quarter. Cedar Mountain Advisors LLC now owns 137 shares of the transportation company’s stock worth $28,000 after purchasing an additional 115 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Ryder System during the second quarter valued at $30,000. MassMutual Private Wealth & Trust FSB increased its stake in Ryder System by 36.8% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 160 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 43 shares during the last quarter. Finally, Root Financial Partners LLC increased its stake in Ryder System by 45.5% during the first quarter. Root Financial Partners LLC now owns 243 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 76 shares during the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Morgan Stanley upgraded shares of Ryder System from an “overweight” rating to a “buy” rating in a research report on Monday, October 5th. Robert W. Baird reaffirmed a “neutral” rating and issued a $245.00 price target (down from $290.00) on shares of Ryder System in a report on Tuesday, September 29th. JPMorgan Chase & Co. raised shares of Ryder System from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $296.00 to $298.00 in a research report on Monday, October 5th. Barclays boosted their price objective on shares of Ryder System from $290.00 to $300.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Finally, Stephens upgraded shares of Ryder System to a “strong-buy” rating in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $284.12.

Ryder System Trading Down 0.9%

Shares of NYSE R opened at $237.97 on Friday. The company has a market cap of $9.13 billion, a price-to-earnings ratio of 19.36 and a beta of 1.05. Ryder System, Inc. has a 12-month low of $157.67 and a 12-month high of $284.25. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.91. The stock’s 50 day simple moving average is $243.65 and its 200 day simple moving average is $247.64.

Ryder System (NYSE:R) last issued its quarterly earnings data on Thursday, July 23rd. The transportation company reported $3.73 EPS for the quarter, topping analysts’ consensus estimates of $3.69 by $0.04. Ryder System had a return on equity of 18.28% and a net margin of 3.88%. The firm had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $3.29 billion. During the same period in the prior year, the business earned $3.32 EPS. The firm’s revenue was up 5.0% on a year-over-year basis. 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. Equities research analysts expect that Ryder System, Inc. will post 14.74 EPS for the current year.

Ryder System Announces Dividend

The company 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 dividend of $1.01 per share. The ex-dividend date of this dividend is Monday, November 23rd. This represents a $4.04 annualized dividend and a dividend yield of 1.7%. Ryder System’s payout ratio is 32.87%.

About Ryder System

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.