Ryder System (NYSE:R) Given New $290.00 Price Target at Robert W. Baird

Ryder System (NYSE:R) had its target price upped by equities research analysts at Robert W. Baird from $253.00 to $290.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the transportation company’s stock. Robert W. Baird’s target price points to a potential upside of 5.48% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on the stock. Barclays upped their price objective on shares of Ryder System from $220.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. upped their price objective on shares of Ryder System from $203.00 to $250.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Zacks Research upgraded shares of Ryder System from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Weiss Ratings restated a “buy (b)” rating on shares of Ryder System in a research report on Wednesday, May 27th. Finally, Wells Fargo & Company increased their target price on shares of Ryder System from $260.00 to $290.00 and gave the company an “overweight” rating in a research report on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Ryder System presently has a consensus rating of “Moderate Buy” and a consensus price target of $245.00.

Ryder System Stock Down 0.8%

R stock opened at $274.93 on Wednesday. The firm’s fifty day simple moving average is $242.45 and its 200-day simple moving average is $213.92. The company has a market capitalization of $10.64 billion, a P/E ratio of 22.85 and a beta of 1.01. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.68 and a quick ratio of 0.68. Ryder System has a 12 month low of $148.05 and a 12 month high of $284.25.

Ryder System (NYSE:R) last posted its earnings results on Thursday, April 23rd. The transportation company reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.25. Ryder System had a net margin of 3.91% and a return on equity of 17.75%. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $3.11 billion. During the same period in the previous year, the business posted $2.46 EPS. The business’s revenue was down .2% compared to the same quarter last year. 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, equities research analysts forecast that Ryder System will post 14.82 earnings per share for the current year.

Insider Activity

In other Ryder System news, SVP Sanford J. Hodes sold 595 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $251.95, for a total transaction of $149,910.25. Following the completion of the transaction, the senior vice president owned 22,948 shares of the company’s stock, valued at $5,781,748.60. This trade represents a 2.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Luis P. Nieto, Jr. sold 720 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $235.79, for a total transaction of $169,768.80. Following the transaction, the director directly owned 29,974 shares of the company’s stock, valued at approximately $7,067,569.46. This trade represents a 2.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 4.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank acquired a new stake in Ryder System in the fourth quarter valued at approximately $111,168,000. JPMorgan Chase & Co. raised its holdings in Ryder System by 326.8% in the fourth quarter. JPMorgan Chase & Co. now owns 705,037 shares of the transportation company’s stock valued at $134,937,000 after acquiring an additional 539,854 shares in the last quarter. Orbis Allan Gray Ltd raised its holdings in Ryder System by 107.3% in the fourth quarter. Orbis Allan Gray Ltd now owns 974,620 shares of the transportation company’s stock valued at $186,533,000 after acquiring an additional 504,404 shares in the last quarter. First Trust Advisors LP raised its holdings in Ryder System by 81.5% in the first 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. Finally, AQR Capital Management LLC raised its holdings in Ryder System by 53.3% in the third quarter. AQR Capital Management LLC now owns 720,108 shares of the transportation company’s stock valued at $134,855,000 after acquiring an additional 250,432 shares in the last quarter. Hedge funds and other 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.