Ryder System (NYSE:R) Stock Rating Cut to Hold at Robert W. Baird

Robert W. Baird cut shares of Ryder System (NYSE:R) from a strong-buy rating to a hold rating in a research note released on Tuesday morning, MarketBeat Ratings reports. They currently have $245.00 price objective on the transportation company’s stock.

Other analysts have also issued research reports about the stock. Morgan Stanley lifted their price objective on shares of Ryder System from $263.00 to $280.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Susquehanna lifted their price target 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. Wells Fargo & Company upped their price objective on shares of Ryder System from $290.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. Citizens Jmp initiated coverage on Ryder System in a research note on Wednesday, July 15th. They set a “market perform” rating for the company. Finally, Citigroup boosted their price target on Ryder System from $280.00 to $283.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $287.71.

Ryder System Trading Down 1.3%

NYSE R opened at $230.97 on Tuesday. Ryder System has a 12 month low of $157.67 and a 12 month high of $284.25. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.65 and a quick ratio of 0.65. The company has a 50-day moving average of $251.06 and a 200-day moving average of $244.26. The company has a market cap of $8.86 billion, a P/E ratio of 18.79 and a beta of 1.01.

Ryder System (NYSE:R) last released its quarterly earnings data on Thursday, July 23rd. The transportation company reported $3.73 EPS for the quarter, topping analysts’ consensus estimates of $3.69 by $0.04. The business had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $3.29 billion. Ryder System had a return on equity of 18.28% and a net margin of 3.88%.The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm posted $3.32 EPS. 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 analysts predict that Ryder System will post 14.74 earnings per share for the current year.

Ryder System Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Monday, August 24th were given a dividend of $1.01 per share. The ex-dividend date of this dividend was Monday, August 24th. This represents a $4.04 annualized dividend and a dividend yield of 1.7%. This is an increase from Ryder System’s previous quarterly dividend of $0.91. Ryder System’s dividend payout ratio is currently 32.87%.

Hedge Funds Weigh In On Ryder System

A number of hedge funds have recently added to or reduced their stakes in R. QRG Capital Management Inc. increased its stake in Ryder System by 14.1% during the second quarter. QRG Capital Management Inc. now owns 4,660 shares of the transportation company’s stock valued at $1,229,000 after purchasing an additional 575 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Ryder System by 11.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,597 shares of the transportation company’s stock valued at $685,000 after buying an additional 270 shares during the last quarter. WINTON GROUP Ltd bought a new position in Ryder System in the second quarter worth about $4,889,000. Engineers Gate Manager LP raised its position in shares of Ryder System by 11.2% during the 2nd quarter. Engineers Gate Manager LP now owns 23,413 shares of the transportation company’s stock worth $6,176,000 after purchasing an additional 2,351 shares during the period. Finally, Cidel Asset Management Inc. bought a new stake in shares of Ryder System in the 2nd quarter worth approximately $241,000. 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.