Susquehanna Cuts Ryder System (NYSE:R) Price Target to $280.00

Ryder System (NYSE:R) had its price objective lowered by Susquehanna from $310.00 to $280.00 in a research report sent to investors on Friday morning,Benzinga reports. Susquehanna currently has a positive rating on the transportation company’s stock.

A number of other equities analysts also recently commented on R. Stephens upgraded shares of Ryder System to a “strong-buy” rating in a research note on Wednesday, July 8th. Citigroup lifted their price target on shares of Ryder System from $280.00 to $283.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Citizens Jmp initiated coverage on Ryder System in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. Barclays increased their price objective on Ryder System from $290.00 to $300.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Finally, Zacks Research downgraded Ryder System from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $283.43.

Ryder System Stock Down 0.0%

NYSE:R opened at $237.24 on Friday. The company has a market cap of $9.10 billion, a price-to-earnings ratio of 19.30 and a beta of 1.05. Ryder System has a twelve month low of $157.67 and a twelve month high of $284.25. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.91. The stock has a fifty day simple moving average of $248.73 and a 200-day simple moving average of $245.19.

Ryder System (NYSE:R) last posted its quarterly earnings results on Thursday, July 23rd. The transportation company reported $3.73 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 for the quarter, compared to analysts’ expectations of $3.29 billion. During the same period in the prior year, the business posted $3.32 earnings per share. The business’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. Analysts anticipate that Ryder System will post 14.74 EPS for the current year.

Ryder System Increases Dividend

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

Institutional Investors Weigh In On Ryder System

Several hedge funds have recently modified their holdings of R. Versant Capital Management Inc boosted its stake in shares of Ryder System by 19.2% during the third quarter. Versant Capital Management Inc now owns 317 shares of the transportation company’s stock valued at $72,000 after purchasing an additional 51 shares in the last quarter. QRG Capital Management Inc. raised its stake in Ryder System by 14.1% in the second quarter. QRG Capital Management Inc. now owns 4,660 shares of the transportation company’s stock worth $1,229,000 after buying an additional 575 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in Ryder System by 11.6% in the second quarter. Sequoia Financial Advisors LLC now owns 2,597 shares of the transportation company’s stock worth $685,000 after buying an additional 270 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in Ryder System during the second quarter worth $4,889,000. Finally, Engineers Gate Manager LP lifted its holdings in Ryder System by 11.2% during the second quarter. Engineers Gate Manager LP now owns 23,413 shares of the transportation company’s stock worth $6,176,000 after buying an additional 2,351 shares during the period. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Ryder System Company Profile

Ryder System, Inc is a transportation and logistics company that provides fleet management, supply chain, and dedicated transportation solutions. Its services include commercial vehicle leasing and rental, fleet maintenance, transportation management, warehousing, distribution, and delivery services.

The company serves businesses across industries through operations in the United States, Canada, and Mexico. Ryder also supports e-commerce and retail customers with last-mile delivery, fulfillment, and related logistics services, and sells used commercial vehicles through its network of vehicle sales centers and online channels.

Founded in 1933 by James Ryder, the company is headquartered in Miami, Florida.