Ryder System (NYSE:R) Upgraded by Zacks Research to “Strong-Buy” Rating

Ryder System (NYSE:R) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

A number of other research firms also recently issued reports on R. Wells Fargo & Company upped their target price on shares of Ryder System from $210.00 to $236.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Susquehanna upped their target price on shares of Ryder System from $235.00 to $250.00 and gave the company a “positive” rating in a research report on Friday, February 13th. Barclays upped their target price on shares of Ryder System from $220.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Wolfe Research restated a “peer perform” rating on shares of Ryder System in a research report on Thursday, January 8th. Finally, JPMorgan Chase & Co. upped their target price on shares of Ryder System from $203.00 to $250.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $234.89.

Ryder System Stock Performance

Ryder System stock opened at $253.99 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.09. Ryder System has a 1 year low of $135.74 and a 1 year high of $256.57. The company has a market cap of $9.83 billion, a PE ratio of 21.11 and a beta of 0.93. The company’s 50-day moving average is $214.17 and its two-hundred day moving average is $196.35.

Ryder System (NYSE:R) last released its earnings results on Thursday, April 23rd. The transportation company reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.25. Ryder System had a net margin of 3.91% and a return on equity of 17.75%. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same period in the prior year, the company posted $2.46 EPS. The company’s revenue was down .2% compared to the same quarter last year. Ryder System has set its FY 2026 guidance at 14.050-14.80 EPS and its Q2 2026 guidance at 3.500-3.75 EPS. Equities analysts anticipate that Ryder System will post 14.82 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Robert E. Sanchez sold 41,779 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $223.30, for a total value of $9,329,250.70. Following the completion of the sale, the chief executive officer directly owned 40,828 shares of the company’s stock, valued at $9,116,892.40. This represents a 50.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Sanford J. Hodes sold 10,527 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $210.16, for a total value of $2,212,354.32. Following the completion of the sale, the senior vice president directly owned 23,954 shares of the company’s stock, valued at approximately $5,034,172.64. This trade represents a 30.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 130,673 shares of company stock worth $28,233,471 over the last quarter. Insiders own 4.90% of the company’s stock.

Institutional Trading of Ryder System

A number of institutional investors and hedge funds have recently modified their holdings of R. Royal Bank of Canada increased its stake in shares of Ryder System by 52.8% in the 1st quarter. Royal Bank of Canada now owns 15,765 shares of the transportation company’s stock valued at $2,267,000 after acquiring an additional 5,448 shares during the last quarter. Focus Partners Wealth increased its stake in Ryder System by 7.9% during the 1st quarter. Focus Partners Wealth now owns 1,851 shares of the transportation company’s stock worth $266,000 after purchasing an additional 135 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Ryder System by 61.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company’s stock worth $41,000 after purchasing an additional 109 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Ryder System by 10.2% during the 2nd 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 in the last quarter. Finally, M&T Bank Corp increased its stake in Ryder System by 10.9% during the 2nd 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. 87.47% of the stock is 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.