Ryder System (NYSE:R) Hits New 1-Year High After Analyst Upgrade

Ryder System, Inc. (NYSE:R)’s share price hit a new 52-week high during mid-day trading on Friday after Wells Fargo & Company raised their price target on the stock from $260.00 to $290.00. Wells Fargo & Company currently has an overweight rating on the stock. Ryder System traded as high as $269.99 and last traded at $268.5820, with a volume of 87941 shares traded. The stock had previously closed at $264.96.

A number of other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Ryder System from $203.00 to $250.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Wall Street Zen raised shares of Ryder System from a “hold” rating to a “buy” rating in a report on Saturday, April 25th. Susquehanna raised their price target on shares of Ryder System from $235.00 to $250.00 and gave the stock a “positive” rating in a report on Friday, February 13th. Barclays raised their price target on shares of Ryder System from $220.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Finally, Robert W. Baird raised their price target on shares of Ryder System from $202.00 to $253.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $240.89.

Insider Transactions at Ryder System

In other news, Director Luis P. Nieto, Jr. sold 720 shares of Ryder System stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $235.79, for a total transaction of $169,768.80. Following the sale, the director owned 29,974 shares of the company’s stock, valued at approximately $7,067,569.46. The trade was a 2.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Sanford J. Hodes sold 595 shares of Ryder System 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 sale, the senior vice president directly owned 22,948 shares in the company, valued at $5,781,748.60. The trade was a 2.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 4.90% of the company’s stock.

Institutional Investors Weigh In On Ryder System

Several hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC boosted its stake in Ryder System by 5.2% during the first quarter. Parallel Advisors LLC now owns 1,385 shares of the transportation company’s stock worth $284,000 after acquiring an additional 68 shares in the last quarter. Kentucky Retirement Systems purchased a new position in shares of Ryder System during the first quarter valued at approximately $889,000. Arkadios Wealth Advisors purchased a new position in shares of Ryder System during the first quarter valued at approximately $433,000. EverSource Wealth Advisors LLC raised its holdings in shares of Ryder System by 110.3% during the first quarter. EverSource Wealth Advisors LLC now owns 713 shares of the transportation company’s stock valued at $146,000 after purchasing an additional 374 shares during the last quarter. Finally, California State Teachers Retirement System grew its position in Ryder System by 23.6% during the first quarter. California State Teachers Retirement System now owns 48,030 shares of the transportation company’s stock valued at $9,832,000 after buying an additional 9,179 shares during the period. Institutional investors own 87.47% of the company’s stock.

Ryder System Price Performance

The company has a market capitalization of $10.38 billion, a P/E ratio of 22.31 and a beta of 1.01. The firm’s 50-day moving average is $230.94 and its 200-day moving average is $207.91. 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 (NYSE:R) last posted its quarterly earnings results on Thursday, April 23rd. The transportation company reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.25. The business 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 revenue was down .2% on a year-over-year basis. During the same period 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. Analysts predict that Ryder System, Inc. will post 14.82 EPS for the current fiscal year.

Ryder System Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Monday, May 18th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, May 18th. Ryder System’s dividend payout ratio is presently 30.26%.

Ryder System Company Profile

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.