Ryder System (NYSE:R) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Ryder System (NYSE:R) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday morning.

A number of other equities research analysts also recently issued reports on the stock. Morgan Stanley increased their price target on shares of Ryder System from $263.00 to $280.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. Citigroup boosted their price objective on shares of Ryder System from $280.00 to $283.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Barclays upped their target price on shares of Ryder System from $290.00 to $300.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Susquehanna increased their target price on shares of Ryder System from $290.00 to $310.00 and gave the stock a “positive” rating in a research note on Friday, July 24th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Ryder System in a report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Ryder System presently has a consensus rating of “Moderate Buy” and an average price target of $294.14.

Ryder System Price Performance

Shares of NYSE R opened at $260.38 on Friday. The stock has a market cap of $9.99 billion, a PE ratio of 21.19 and a beta of 1.02. Ryder System has a fifty-two week low of $157.67 and a fifty-two week high of $284.25. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a fifty day moving average of $266.56 and a 200-day moving average of $234.84.

Ryder System (NYSE:R) last issued its quarterly earnings data on Thursday, July 23rd. The transportation company reported $3.73 earnings per share (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 business had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $3.29 billion. During the same quarter in the prior year, the firm posted $3.32 EPS. The firm’s quarterly 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 anticipate that Ryder System will post 14.74 earnings per share for the current year.

Ryder System Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Monday, August 24th will be given a dividend of $1.01 per share. This is a boost from Ryder System’s previous quarterly dividend of $0.91. The ex-dividend date is Monday, August 24th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.6%. Ryder System’s dividend payout ratio is 29.62%.

Insider Activity at Ryder System

In related news, SVP Sanford J. Hodes sold 595 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $251.95, for a total value of $149,910.25. Following the transaction, the senior vice president directly owned 22,948 shares in the company, valued at approximately $5,781,748.60. This represents a 2.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.90% of the company’s stock.

Hedge Funds Weigh In On Ryder System

A number of institutional investors have recently made changes to their positions in R. Denali Advisors LLC purchased a new stake in shares of Ryder System during the 2nd quarter valued at $609,000. NewEdge Wealth LLC purchased a new position in Ryder System in the second quarter worth $74,531,000. Great Lakes Advisors LLC purchased a new position in Ryder System in the second quarter worth $4,310,000. Danske Bank A S bought a new position in Ryder System in the second quarter valued at $12,875,000. Finally, Wealthfront Advisers LLC bought a new position in Ryder System in the second quarter valued at $260,000. Institutional investors own 87.47% of the company’s stock.

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.