Ryder System (NYSE:R) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Ryder System (NYSE:R) from a hold rating to a strong-buy rating in a research note published on Wednesday morning,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. Robert W. Baird raised their price target on Ryder System from $202.00 to $253.00 and gave the company an “outperform” rating in a report on Friday, April 24th. JPMorgan Chase & Co. increased their target price on Ryder System from $203.00 to $250.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Wall Street Zen raised Ryder System from a “hold” rating to a “buy” rating in a research note on Saturday, April 25th. Wolfe Research reissued a “peer perform” rating on shares of Ryder System in a report on Thursday, January 8th. Finally, Susquehanna upped their price target on Ryder System from $235.00 to $250.00 and gave the stock a “positive” rating in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Ryder System has an average rating of “Moderate Buy” and an average target price of $234.89.

Ryder System Price Performance

NYSE R opened at $253.99 on Wednesday. Ryder System has a 12 month low of $135.74 and a 12 month high of $256.57. The stock has a market cap of $9.83 billion, a price-to-earnings 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. 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 (NYSE:R) last posted its quarterly earnings results on Thursday, April 23rd. The transportation company reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.25. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $3.11 billion. Ryder System had a net margin of 3.91% and a return on equity of 17.75%. The company’s revenue was down .2% on a year-over-year basis. During the same period in the prior year, the business posted $2.46 earnings per share. 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. As a group, research analysts anticipate that Ryder System will post 14.82 earnings per share for the current year.

Ryder System Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, February 17th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, February 17th. Ryder System’s payout ratio is 30.26%.

Insider Buying and Selling

In other Ryder System news, insider Thomas M. Havens sold 12,571 shares of Ryder System stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $221.65, for a total value of $2,786,362.15. Following the sale, the insider owned 33,074 shares of the company’s stock, valued at $7,330,852.10. The trade was a 27.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Robert E. Sanchez sold 41,779 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 40,828 shares in the company, valued at $9,116,892.40. This trade represents a 50.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 130,673 shares of company stock valued at $28,233,471 in the last ninety days. Company insiders own 4.90% of the company’s stock.

Institutional Investors Weigh In On Ryder System

Several large investors have recently bought and sold shares of the business. Root Financial Partners LLC bought a new position in Ryder System during the third quarter valued at $28,000. Cedar Mountain Advisors LLC increased its holdings in shares of Ryder System by 522.7% in the 1st quarter. Cedar Mountain Advisors LLC now owns 137 shares of the transportation company’s stock worth $28,000 after buying an additional 115 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Ryder System during the 4th quarter valued at about $31,000. Assetmark Inc. raised its position in shares of Ryder System by 421.9% during the 3rd quarter. Assetmark Inc. now owns 167 shares of the transportation company’s stock valued at $32,000 after buying an additional 135 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Ryder System in the 4th quarter valued at about $34,000. Institutional investors own 87.47% of the company’s stock.

About Ryder System

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.