Citigroup Reaffirms Neutral Rating for Ryder System (NYSE:R)

Ryder System (NYSE:R)‘s stock had its “neutral” rating reaffirmed by stock analysts at Citigroup in a research note issued on Friday,Benzinga reports. They presently have a $280.00 price target on the transportation company’s stock, up from their previous price target of $276.00. Citigroup’s price target points to a potential upside of 3.88% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Stephens raised Ryder System to a “strong-buy” rating in a report on Wednesday. Robert W. Baird boosted their price target on Ryder System from $253.00 to $290.00 and gave the company an “outperform” rating in a research note on Wednesday, June 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ryder System in a research report on Wednesday, May 27th. Wells Fargo & Company increased their price objective on Ryder System from $260.00 to $290.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. Finally, Barclays lifted their price objective on Ryder System from $250.00 to $290.00 and gave the company an “overweight” rating in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $265.00.

Ryder System Price Performance

Shares of Ryder System stock opened at $269.55 on Friday. The firm has a market cap of $10.43 billion, a P/E ratio of 22.41 and a beta of 1.01. The firm’s 50-day simple moving average is $255.14 and its 200-day simple moving average is $223.43. Ryder System has a twelve month low of $157.67 and a twelve month high of $284.25. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.68 and a current ratio of 0.68.

Ryder System (NYSE:R) last posted its quarterly earnings results on Thursday, April 23rd. The transportation company reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.25. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $3.11 billion. Ryder System had a net margin of 3.91% and a return on equity of 17.75%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business 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. As a group, research analysts expect that Ryder System will post 14.82 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Sanford J. Hodes sold 595 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $251.95, for a total transaction of $149,910.25. Following the sale, the senior vice president directly owned 22,948 shares in the company, valued at $5,781,748.60. This represents a 2.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Luis P. Nieto, Jr. sold 720 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $235.79, for a total value of $169,768.80. Following the sale, the director directly owned 29,974 shares of the company’s stock, valued at $7,067,569.46. This represents a 2.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 4.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. State Street Corp lifted its position in Ryder System by 0.4% during the 2nd quarter. State Street Corp now owns 1,995,292 shares of the transportation company’s stock worth $317,251,000 after buying an additional 7,447 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Ryder System by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,621,947 shares of the transportation company’s stock worth $331,996,000 after acquiring an additional 6,652 shares during the last quarter. First Trust Advisors LP increased its position in Ryder System by 81.5% in the 1st quarter. First Trust Advisors LP now owns 1,010,320 shares of the transportation company’s stock valued at $206,822,000 after acquiring an additional 453,697 shares in the last quarter. Orbis Allan Gray Ltd increased its position in Ryder System by 15.4% in 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, Bank of America Corp DE raised its stake in shares of Ryder System by 6.7% in the second quarter. Bank of America Corp DE now owns 988,117 shares of the transportation company’s stock worth $157,111,000 after acquiring an additional 62,313 shares during the last quarter. 87.47% of the stock is owned by institutional investors.

About Ryder System

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.