Ryder System (NYSE:R) Stock Moved Up to “Strong-Buy” by 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 released on Monday morning,Wall Street Zen reports.

A number of other brokerages have also recently commented on R. JPMorgan Chase & Co. upgraded Ryder System from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $296.00 to $298.00 in a research note on Monday, October 5th. Citigroup upgraded Ryder System from a “neutral” rating to a “buy” rating and increased their target price for the company from $283.00 to $285.00 in a research note on Thursday, October 8th. Stephens upgraded Ryder System to a “strong-buy” rating in a report on Wednesday, July 8th. Barclays raised their target price on Ryder System from $290.00 to $300.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Finally, Susquehanna reduced their price target on Ryder System from $310.00 to $280.00 and set a “positive” rating on the stock in a research report on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $284.12.

Ryder System Stock Performance

Shares of R stock opened at $237.18 on Monday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.91. The company has a market cap of $9.10 billion, a PE ratio of 19.30 and a beta of 1.05. The company’s fifty day simple moving average is $245.73 and its 200-day simple moving average is $246.89. Ryder System has a 52 week low of $157.67 and a 52 week high of $284.25.

Ryder System (NYSE:R) last posted its earnings results on Thursday, July 23rd. The transportation company reported $3.73 earnings per share for the quarter, beating the consensus estimate of $3.69 by $0.04. Ryder System had a net margin of 3.88% and a return on equity of 18.28%. The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same quarter in the previous year, the business posted $3.32 EPS. The business’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. As a group, equities research analysts anticipate that Ryder System will post 14.74 EPS for the current year.

Ryder System Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Monday, November 23rd will be issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Monday, November 23rd. Ryder System’s dividend payout ratio (DPR) is presently 32.87%.

Hedge Funds Weigh In On Ryder System

A number of institutional investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC increased its stake in Ryder System by 104.2% during the second quarter. Hsbc Holdings PLC now owns 56,403 shares of the transportation company’s stock valued at $14,773,000 after purchasing an additional 28,775 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Ryder System by 9.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 194,632 shares of the transportation company’s stock worth $39,843,000 after buying an additional 16,070 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of Ryder System by 23.6% in the 1st quarter. California State Teachers Retirement System now owns 48,030 shares of the transportation company’s stock worth $9,832,000 after buying an additional 9,179 shares during the last quarter. Braun Stacey Associates Inc. bought a new position in shares of Ryder System in the 1st quarter worth about $12,189,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Ryder System in the 2nd quarter valued at about $4,587,000. Institutional investors and hedge funds own 87.47% of the company’s stock.

About Ryder System

Ryder System, Inc is a transportation and logistics company that provides fleet management, supply chain, and dedicated transportation solutions. Its services include commercial vehicle leasing and rental, fleet maintenance, transportation management, warehousing, distribution, and delivery services.

The company serves businesses across industries through operations in the United States, Canada, and Mexico. Ryder also supports e-commerce and retail customers with last-mile delivery, fulfillment, and related logistics services, and sells used commercial vehicles through its network of vehicle sales centers and online channels.

Founded in 1933 by James Ryder, the company is headquartered in Miami, Florida.