Ryder System (NYSE:R) Price Target Raised to $300.00

Ryder System (NYSE:R) had its target price hoisted by Barclays from $290.00 to $300.00 in a research report report published on Wednesday morning,Benzinga reports. Barclays currently has an overweight rating on the transportation company’s stock.

R has been the topic of a number of other research reports. Stephens upgraded shares of Ryder System to a “strong-buy” rating in a research note on Wednesday, July 8th. Susquehanna upped their target price 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. Morgan Stanley raised their price target on shares of Ryder System from $263.00 to $280.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. Citigroup boosted their price objective on shares of Ryder System from $280.00 to $283.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Ryder System in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $294.14.

Ryder System Stock Performance

Ryder System stock opened at $256.51 on Wednesday. Ryder System has a twelve month low of $157.67 and a twelve month high of $284.25. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.91. The company has a market capitalization of $9.84 billion, a P/E ratio of 20.87 and a beta of 1.01. The stock’s 50 day moving average is $264.83 and its 200 day moving average is $231.48.

Ryder System (NYSE:R) last announced its quarterly earnings data on Thursday, July 23rd. The transportation company reported $3.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.69 by $0.04. Ryder System had a return on equity of 18.28% and a net margin of 3.88%.The business had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $3.29 billion. During the same quarter in the previous year, the business earned $3.32 earnings per share. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. 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. On average, equities research analysts predict that Ryder System will post 14.74 earnings per share for the current fiscal year.

Ryder System Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Monday, August 24th will be issued a dividend of $1.01 per share. This is an increase from Ryder System’s previous quarterly dividend of $0.91. This represents a $4.04 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, August 24th. Ryder System’s dividend payout ratio is currently 29.62%.

Insider Activity at Ryder System

In other news, Director Luis P. Nieto, Jr. sold 720 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $235.79, for a total value of $169,768.80. Following the completion of the sale, the director directly owned 29,974 shares in the company, valued at $7,067,569.46. This represents a 2.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Sanford J. Hodes sold 595 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $251.95, for a total value of $149,910.25. Following the completion of the transaction, the senior vice president directly owned 22,948 shares in the company, valued at approximately $5,781,748.60. This represents a 2.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 4.90% of the stock is currently owned by company insiders.

Institutional Trading of Ryder System

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada increased its holdings in Ryder System by 52.8% in the 1st quarter. Royal Bank of Canada now owns 15,765 shares of the transportation company’s stock worth $2,267,000 after acquiring an additional 5,448 shares in the last quarter. Focus Partners Wealth lifted its holdings in Ryder System by 7.9% during the first quarter. Focus Partners Wealth now owns 1,851 shares of the transportation company’s stock valued at $266,000 after purchasing an additional 135 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in Ryder System by 61.2% during the first quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company’s stock valued at $41,000 after purchasing an additional 109 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Ryder System by 10.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,191 shares of the transportation company’s stock worth $189,000 after purchasing an additional 110 shares during the period. Finally, M&T Bank Corp increased its stake in shares of Ryder System by 10.9% in the second quarter. M&T Bank Corp now owns 2,153 shares of the transportation company’s stock worth $343,000 after purchasing an additional 212 shares in the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

About Ryder System

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.