Redwood buys $1.18M stake in Ryder as analysts eye $294 target
What's the deal? Redwood Investment Management LLCDealroom has a profile for this one. Try Dealroom → acquired a new stake in Ryder System, Inc.Dealroom has a profile for this one. Try Dealroom → (NYSE:R) during the second quarter, buying 4,456 shares valued at roughly $1,175,000, according to Holdings Channel.com.
Why now? The move follows a wave of institutional activity in the transportation and logistics firm. Arrowstreet CapitalDealroom has a profile for this one. Try Dealroom → lifted its holding by 9% in the first quarter to 194,632 shares, while California State Teachers Retirement System raised its stake 23.6% to 48,030 shares. Braun Stacey AssociatesDealroom has a profile for this one. Try Dealroom → opened a new position worth about $12,189,000.
By the numbers: RyderDealroom has a profile for this one. Try Dealroom → posted quarterly earnings of $3.73 per share for the period ended July 23, beating analysts' consensus of $3.69. Revenue reached $2.69 billion, up 5% year on year, though below the $3.29 billion analysts expected.
The company guided for full-year 2026 earnings of $14.40 to $14.80 per share, and $4.00 to $4.20 for the third quarter. It reported a return on equity of 18.28% and a net margin of 3.88%.
What's the endgame? Institutional investors now own 87.47% of Ryder's stock, underscoring heavy professional interest in the logistics operator. Shares opened at $249.96 on Thursday, giving the firm a market cap of $9.59 billion, against a 1-year range of $157.67 to $284.25.
Analysts remain broadly positive. JPMorgan Chase & Co.Dealroom has a profile for this one. Try Dealroom → raised its price target to $296 with a "neutral" rating, SusquehannaDealroom has a profile for this one. Try Dealroom → moved to $310 with a "positive" rating, and Morgan StanleyDealroom has a profile for this one. Try Dealroom → lifted its target to $280 with an "overweight" call. One analyst rates the stock a strong buy, six a buy, and five a hold, for an average "Moderate Buy" rating and a $294.14 price target.
The signal: Redwood's small purchase adds to sustained institutional accumulation in Ryder, a sign that professional money continues to back the logistics sector despite the company's recent revenue miss.
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