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 report released on Saturday morning,Wall Street Zen reports.

Several other equities analysts have also issued reports on R. Wells Fargo & Company upped their target price on Ryder System from $290.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, July 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Ryder System in a report on Monday, August 24th. JPMorgan Chase & Co. raised their price target on Ryder System from $259.00 to $296.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Robert W. Baird lifted their price target on Ryder System from $253.00 to $290.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 17th. Finally, Susquehanna raised their price target on Ryder System from $290.00 to $310.00 and gave the stock a “positive” rating in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $294.14.

Ryder System Stock Performance

Shares of Ryder System stock opened at $233.68 on Friday. The company has a market cap of $8.96 billion, a PE ratio of 19.01 and a beta of 1.01. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.91. Ryder System has a 52 week low of $157.67 and a 52 week high of $284.25. The business has a 50 day moving average price of $251.94 and a 200-day moving average price of $244.01.

Ryder System (NYSE:R) last posted 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. The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $3.29 billion. Ryder System had a net margin of 3.88% and a return on equity of 18.28%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $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. Equities analysts anticipate that Ryder System will post 14.74 earnings per share for the current fiscal year.

Ryder System Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Monday, August 24th were issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Monday, August 24th. This is an increase from Ryder System’s previous quarterly dividend of $0.91. Ryder System’s dividend payout ratio (DPR) is presently 32.87%.

Institutional Trading of Ryder System

Large investors have recently modified their holdings of the company. Keating Financial Advisory Services Inc. bought a new position in shares of Ryder System in the 2nd quarter worth approximately $26,000. Cedar Mountain Advisors LLC boosted its stake in shares of Ryder System by 522.7% during the 1st quarter. Cedar Mountain Advisors LLC now owns 137 shares of the transportation company’s stock worth $28,000 after acquiring an additional 115 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Ryder System during the 2nd quarter valued at $30,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Ryder System by 36.8% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 160 shares of the transportation company’s stock worth $42,000 after purchasing an additional 43 shares in the last quarter. Finally, Clearstead Advisors LLC increased its stake in shares of Ryder System by 53.8% in the 4th quarter. Clearstead Advisors LLC now owns 260 shares of the transportation company’s stock worth $50,000 after purchasing an additional 91 shares in the last quarter. Institutional investors own 87.47% of the company’s stock.

Ryder System Company Profile

Ryder System, Inc is a transportation and logistics company that provides fleet management, supply chain and dedicated transportation services. The company serves commercial customers across industries, helping them manage the movement, storage and delivery of goods through integrated transportation and logistics solutions.

Ryder’s fleet management offerings include commercial truck leasing, rental, maintenance and related support services. It also sells used vehicles and provides technology designed to help customers monitor fleets, improve utilization and manage transportation operations.