Ryder System (NYSE:R) Stock Rating Raised to “Strong-Buy” 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 published on Saturday,Wall Street Zen reports.

A number of other research firms have also weighed in on R. Wells Fargo & Company boosted their target price on shares of Ryder System from $290.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. JPMorgan Chase & Co. raised their price target on shares of Ryder System from $259.00 to $296.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ryder System in a report on Monday, August 24th. Citigroup increased their price objective on Ryder System from $280.00 to $283.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Finally, Zacks Research downgraded Ryder System from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. One research 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’s stock. Based on data from MarketBeat.com, Ryder System currently has an average rating of “Moderate Buy” and a consensus price target of $294.14.

Ryder System Trading Down 0.4%

Shares of R stock opened at $235.26 on Friday. The firm has a market capitalization of $9.02 billion, a P/E ratio of 19.14 and a beta of 1.01. 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 stock’s fifty day simple moving average is $252.63 and its 200 day simple moving average is $243.49.

Ryder System (NYSE:R) last posted its earnings results on Thursday, July 23rd. The transportation company reported $3.73 EPS for the quarter, beating the consensus estimate of $3.69 by $0.04. Ryder System had a return on equity of 18.28% and a net margin of 3.88%.The firm had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $3.29 billion. During the same period last year, the company earned $3.32 earnings per share. The business’s quarterly revenue 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. As a group, sell-side analysts predict that Ryder System will post 14.74 EPS for the current fiscal year.

Ryder System Increases Dividend

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

Institutional Trading of Ryder System

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Ryder System in the 2nd quarter worth about $1,060,749,000. Dimensional Fund Advisors LP boosted its position in shares of Ryder System by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,621,947 shares of the transportation company’s stock valued at $331,996,000 after purchasing an additional 6,652 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of Ryder System during the 2nd quarter valued at about $207,689,000. First Trust Advisors LP grew its stake in Ryder System by 81.5% during the first quarter. First Trust Advisors LP now owns 1,010,320 shares of the transportation company’s stock worth $206,822,000 after purchasing an additional 453,697 shares during the period. Finally, Geode Capital Management LLC grew its stake in Ryder System by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 734,203 shares of the transportation company’s stock worth $140,549,000 after purchasing an additional 4,895 shares during the period. Institutional investors own 87.47% of the company’s stock.

About Ryder System

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.