Ryder System (NYSE:R) Reaches New 1-Year High – Still a Buy?

Shares of Ryder System, Inc. (NYSE:R) hit a new 52-week high on Thursday . The stock traded as high as $197.47 and last traded at $196.71, with a volume of 46537 shares. The stock had previously closed at $194.07.

Analysts Set New Price Targets

Several research firms have recently weighed in on R. Barclays boosted their target price on shares of Ryder System from $190.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Morgan Stanley upped their price objective on Ryder System from $190.00 to $250.00 and gave the company an “overweight” rating in a research note on Monday. Weiss Ratings reiterated a “buy (b)” rating on shares of Ryder System in a research report on Wednesday, October 8th. Citigroup initiated coverage on Ryder System in a research report on Monday, September 22nd. They set a “buy” rating and a $217.00 price target on the stock. Finally, Wall Street Zen raised shares of Ryder System from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $203.30.

Ryder System Trading Up 2.9%

The stock has a market cap of $8.06 billion, a price-to-earnings ratio of 16.81 and a beta of 0.97. The business has a 50-day simple moving average of $175.51 and a two-hundred day simple moving average of $173.53. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.02 and a current ratio of 1.02.

Ryder System (NYSE:R) last announced its earnings results on Thursday, October 23rd. The transportation company reported $3.57 EPS for the quarter, topping the consensus estimate of $3.56 by $0.01. Ryder System had a net margin of 3.96% and a return on equity of 17.69%. The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $3.19 billion. During the same quarter in the prior year, the company posted $3.44 earnings per share. The firm’s revenue was up .1% on a year-over-year basis. Ryder System has set its Q4 2025 guidance at 3.500-3.700 EPS and its FY 2025 guidance at 12.850-13.050 EPS. As a group, research analysts forecast that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Monday, November 17th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $3.64 annualized dividend and a dividend yield of 1.8%. Ryder System’s dividend payout ratio (DPR) is currently 30.74%.

Hedge Funds Weigh In On Ryder System

A number of hedge funds have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. grew its holdings in shares of Ryder System by 770.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 174 shares of the transportation company’s stock worth $28,000 after purchasing an additional 154 shares in the last quarter. Root Financial Partners LLC acquired a new position in shares of Ryder System during the third quarter worth $28,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in 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 valued at $29,000 after purchasing an additional 128 shares during the last quarter. MAI Capital Management boosted its position in Ryder System by 57.6% during the 2nd quarter. MAI Capital Management now owns 186 shares of the transportation company’s stock worth $30,000 after buying an additional 68 shares during the period. Finally, Assetmark Inc. increased its holdings in Ryder System by 421.9% in the third quarter. Assetmark Inc. now owns 167 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 135 shares during the period. Institutional investors own 87.47% of the company’s stock.

About Ryder System

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.