Ryder System (NYSE:R) Upgraded by Wall Street Zen to Strong-Buy Rating

Wall Street Zen upgraded shares of Ryder System (NYSE:R) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday morning.

A number of other research analysts have also commented on the company. JPMorgan Chase & Co. increased their price objective on Ryder System from $259.00 to $296.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Citizens Jmp started coverage on Ryder System in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. Robert W. Baird upped their target price on Ryder System from $253.00 to $290.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 17th. Morgan Stanley increased their price target on Ryder System from $263.00 to $280.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Finally, Barclays lifted their price target on shares of Ryder System from $290.00 to $300.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $294.14.

Ryder System Stock Up 0.1%

Ryder System stock opened at $262.65 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.91. Ryder System has a 1-year low of $157.67 and a 1-year high of $284.25. The firm’s fifty day simple moving average is $266.43 and its 200-day simple moving average is $234.02. The company has a market capitalization of $10.07 billion, a P/E ratio of 21.37 and a beta of 1.02.

Ryder System (NYSE:R) last issued 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. Ryder System had a net margin of 3.88% and a return on equity of 18.28%. The firm had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $3.29 billion. During the same period in the prior year, the company posted $3.32 earnings per share. Ryder System’s revenue for the quarter 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. Sell-side analysts forecast that Ryder System will post 14.74 earnings per share for the current fiscal year.

Ryder System Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Monday, August 24th will be paid a dividend of $1.01 per share. This is a positive change from Ryder System’s previous quarterly dividend of $0.91. This represents a $4.04 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, August 24th. Ryder System’s dividend payout ratio is presently 32.87%.

Insider Buying and Selling

In other Ryder System news, SVP Sanford J. Hodes sold 595 shares of the company’s stock in a transaction that occurred 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 owned 22,948 shares of the company’s stock, valued at $5,781,748.60. This represents a 2.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 4.90% of the stock is currently owned by company insiders.

Institutional Trading of Ryder System

A number of institutional investors and hedge funds have recently modified their holdings of R. MassMutual Private Wealth & Trust FSB lifted its position in Ryder System by 36.8% in the second 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 during the period. Quantum Portfolio Management LLC raised its stake in shares of Ryder System by 2.1% in the 1st quarter. Quantum Portfolio Management LLC now owns 2,564 shares of the transportation company’s stock valued at $525,000 after buying an additional 52 shares in the last quarter. Orion Porfolio Solutions LLC raised its stake in shares of Ryder System by 2.4% in the 4th quarter. Orion Porfolio Solutions LLC now owns 2,262 shares of the transportation company’s stock valued at $433,000 after buying an additional 52 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in shares of Ryder System by 0.8% during the 4th quarter. Corient Private Wealth LLC now owns 7,337 shares of the transportation company’s stock worth $1,404,000 after acquiring an additional 58 shares during the period. Finally, Vectors Research Management LLC lifted its holdings in shares of Ryder System by 0.3% during the 4th quarter. Vectors Research Management LLC now owns 18,512 shares of the transportation company’s stock worth $3,543,000 after acquiring an additional 61 shares during the period. 87.47% of the stock is currently owned by institutional investors.

Ryder System Company Profile

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.