Ryder System (NYSE:R) Research Coverage Started at Citigroup

Citigroup initiated coverage on shares of Ryder System (NYSE:R) in a report released on Monday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $217.00 price objective on the transportation company’s stock.

Other research analysts also recently issued research reports about the stock. Susquehanna started coverage on shares of Ryder System in a report on Tuesday, July 15th. They issued a “positive” rating and a $215.00 price target for the company. Morgan Stanley increased their price target on shares of Ryder System from $175.00 to $190.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Barclays initiated coverage on shares of Ryder System in a research note on Monday, June 9th. They issued an “overweight” rating and a $190.00 price objective for the company. Baird R W raised shares of Ryder System to a “strong-buy” rating in a research note on Tuesday, July 1st. Finally, Robert W. Baird raised their price objective on shares of Ryder System from $186.00 to $192.00 and gave the stock an “outperform” rating in a research note on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ryder System presently has an average rating of “Moderate Buy” and an average price target of $189.89.

Ryder System Stock Down 1.1%

R opened at $184.66 on Monday. The firm has a 50-day simple moving average of $181.76 and a two-hundred day simple moving average of $160.43. Ryder System has a 52 week low of $125.54 and a 52 week high of $191.00. The company has a market capitalization of $7.53 billion, a PE ratio of 15.70 and a beta of 0.99. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 2.27.

Ryder System (NYSE:R) last announced its quarterly earnings results on Thursday, July 24th. The transportation company reported $3.32 EPS for the quarter, beating analysts’ consensus estimates of $3.11 by $0.21. Ryder System had a net margin of 3.99% and a return on equity of 17.83%. The firm had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter last year, the firm earned $3.00 EPS. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. Ryder System has set its Q3 2025 guidance at 3.450-3.650 EPS. FY 2025 guidance at 12.850-13.300 EPS. Analysts forecast that Ryder System will post 13.68 earnings per share for the current fiscal year.

Ryder System Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Monday, August 18th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.0%. This is a boost from Ryder System’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend was Monday, August 18th. Ryder System’s dividend payout ratio is presently 30.95%.

Insider Activity

In other news, SVP Sanford J. Hodes sold 532 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $187.48, for a total transaction of $99,739.36. Following the sale, the senior vice president directly owned 24,452 shares of the company’s stock, valued at $4,584,260.96. The trade was a 2.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Cristina Gallo-Aquino sold 1,000 shares of the business’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $180.87, for a total transaction of $180,870.00. Following the sale, the chief financial officer directly owned 26,561 shares in the company, valued at $4,804,088.07. This trade represents a 3.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,618 shares of company stock valued at $7,587,997. 5.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ryder System

Several hedge funds have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Ryder System in the first quarter worth about $26,000. Hantz Financial Services Inc. raised its position in shares of Ryder System by 770.0% in the second quarter. Hantz Financial Services Inc. now owns 174 shares of the transportation company’s stock worth $28,000 after acquiring an additional 154 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Ryder System by 237.0% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 182 shares of the transportation company’s stock worth $29,000 after acquiring an additional 128 shares during the period. MAI Capital Management raised its position in shares of Ryder System by 57.6% in the second quarter. MAI Capital Management now owns 186 shares of the transportation company’s stock worth $30,000 after acquiring an additional 68 shares during the period. Finally, TCTC Holdings LLC raised its position in shares of Ryder System by 116.5% in the first quarter. TCTC Holdings LLC now owns 223 shares of the transportation company’s stock worth $32,000 after acquiring an additional 120 shares during the period. 87.47% of the stock is owned by hedge funds and other institutional investors.

Ryder System Company Profile

Ryder System, Inc operates as a logistics and transportation company worldwide. It operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full-service leasing and leasing with flexible maintenance options; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website, as well as digital and technology support services.