Barclays Increases Ryder System (NYSE:R) Price Target to $220.00

Ryder System (NYSE:R) had its price objective hoisted by Barclays from $190.00 to $220.00 in a research note released on Thursday,Benzinga reports. Barclays currently has an overweight rating on the transportation company’s stock.

Other analysts have also issued research reports about the stock. Susquehanna assumed coverage on shares of Ryder System in a report on Tuesday, July 15th. They set a “positive” rating and a $215.00 target price for the company. Morgan Stanley lifted their price objective on Ryder System from $175.00 to $190.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Wolfe Research upgraded Ryder System from a “peer perform” rating to an “outperform” rating and set a $159.00 price objective for the company in a report on Tuesday, July 1st. JPMorgan Chase & Co. raised their target price on Ryder System from $165.00 to $173.00 and gave the stock a “neutral” rating in a report on Tuesday, July 8th. Finally, Citigroup started coverage on Ryder System in a research note on Monday, September 22nd. They issued a “buy” rating and a $217.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Ryder System presently has an average rating of “Moderate Buy” and an average price target of $193.22.

Ryder System Stock Performance

Ryder System stock opened at $193.20 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.27. Ryder System has a 1 year low of $125.54 and a 1 year high of $195.17. The company has a market cap of $7.88 billion, a PE ratio of 16.43 and a beta of 1.00. The company’s 50-day moving average is $183.92 and its two-hundred day moving average is $162.83.

Ryder System (NYSE:R) last issued its quarterly earnings results on Thursday, July 24th. The transportation company reported $3.32 EPS for the quarter, topping the consensus estimate of $3.11 by $0.21. The company had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.17 billion. Ryder System had a net margin of 3.99% and a return on equity of 17.83%. Ryder System’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.00 EPS. Ryder System has set its Q3 2025 guidance at 3.450-3.650 EPS. FY 2025 guidance at 12.850-13.300 EPS. Equities analysts anticipate that Ryder System will post 13.68 earnings per share for the current year.

Ryder System Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Monday, August 18th were issued a dividend of $0.91 per share. This is a boost from Ryder System’s previous quarterly dividend of $0.81. The ex-dividend date was Monday, August 18th. This represents a $3.64 annualized dividend and a dividend yield of 1.9%. Ryder System’s dividend payout ratio (DPR) is presently 30.95%.

Insiders Place Their Bets

In other news, CFO Cristina Gallo-Aquino sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $180.87, for a total value of $180,870.00. Following the completion of the transaction, the chief financial officer owned 26,561 shares in the company, valued at $4,804,088.07. This represents a 3.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas M. Havens sold 6,500 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $181.77, for a total transaction of $1,181,505.00. Following the sale, the insider directly owned 32,478 shares of the company’s stock, valued at $5,903,526.06. This represents a 16.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,618 shares of company stock worth $7,587,997 in the last three months. 5.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ryder System

Large investors have recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Ryder System in the 1st quarter valued at about $26,000. Hantz Financial Services Inc. grew its holdings in shares of Ryder System by 770.0% during the second quarter. Hantz Financial Services Inc. now owns 174 shares of the transportation company’s stock worth $28,000 after buying an additional 154 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Ryder System by 237.0% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 182 shares of the transportation company’s stock valued at $29,000 after buying an additional 128 shares during the last quarter. MAI Capital Management lifted its stake in Ryder System by 57.6% in the 2nd quarter. MAI Capital Management now owns 186 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 68 shares in the last quarter. Finally, TCTC Holdings LLC boosted its position in Ryder System by 116.5% during the 1st quarter. TCTC Holdings LLC now owns 223 shares of the transportation company’s stock worth $32,000 after acquiring an additional 120 shares during the last quarter. Institutional investors own 87.47% of the company’s stock.

About Ryder System

Ryder System, Inc operates as a logistics and transportation company worldwide. It operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full-service leasing and leasing with flexible maintenance options; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website, as well as digital and technology support services.