EARNEST PARTNERS LLC has announced an increase in its ownership of Ryder System Inc, now holding 3,033,764 shares, which equates to 7.9% of the company's common stock. This significant stake reflects EARNEST's growing influence in the auto rental and leasing services sector, a market that has seen various shifts and challenges in recent years.

This development is particularly noteworthy as it underscores EARNEST's confidence in Ryder's business strategy and future performance. The increase in ownership was disclosed in a Schedule 13G/A filing with the Securities and Exchange Commission (SEC) on November 13, 2026, under accession number 0001102578-26-000061.

Background

EARNEST PARTNERS LLC, incorporated in Delaware, is an investment adviser based in Atlanta, Georgia. The firm primarily engages in investment management and advisory services. Ryder System Inc, the subject company of this filing, operates in the auto rental and leasing services industry, specifically classified under the SIC code 7510.

What the Filing Says

The recent filing indicates that EARNEST PARTNERS LLC has a total of 3,033,764 shares of Ryder System Inc, with 1,011,797 shares having sole voting power and 1,863,379 shares having shared voting power. The filing states, "EARNEST Partners, LLC is filing as an investment adviser in accordance with 240.13d-1(b)(1)(ii)(E)." This suggests that the firm is not seeking to influence control over Ryder but is instead holding the shares for investment purposes.

Impact

This increase in ownership may affect various stakeholders, including Ryder's management, existing shareholders, and competitors in the auto rental and leasing services sector. As EARNEST holds a significant portion of Ryder's stock, its actions and perspectives may influence Ryder's strategic decisions, particularly in areas such as expansion, partnerships, and operational adjustments.

What's Next

The filing does not specify what happens next regarding EARNEST's investment strategy or any potential future filings. However, market participants will likely monitor any further developments closely, especially considering the competitive landscape in the auto rental industry.