Ryder System (NYSE:R) Research Coverage Started at Citizens Jmp

Citizens Jmp assumed coverage on shares of Ryder System (NYSE:R) in a research report report published on Wednesday morning, Marketbeat Ratings reports. The brokerage issued a market perform rating on the transportation company’s stock.

R has been the topic of several other reports. JPMorgan Chase & Co. raised their target price on shares of Ryder System from $203.00 to $250.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Stephens upgraded Ryder System to a “strong-buy” rating in a research note on Wednesday, July 8th. Wall Street Zen raised Ryder System from a “hold” rating to a “buy” rating in a research report on Saturday, April 25th. Morgan Stanley raised their price objective on Ryder System from $263.00 to $280.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ryder System in a report on Wednesday, May 27th. One equities 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $265.00.

Ryder System Trading Down 0.2%

Shares of Ryder System stock opened at $272.40 on Wednesday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a 50-day moving average of $258.17 and a 200-day moving average of $226.27. Ryder System has a 52-week low of $157.67 and a 52-week high of $284.25. The stock has a market cap of $10.54 billion, a PE ratio of 22.64 and a beta of 1.01.

Ryder System (NYSE:R) last released its quarterly earnings results on Thursday, April 23rd. The transportation company reported $2.54 EPS for the quarter, topping 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 business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same period last year, the firm earned $2.46 earnings per share. Ryder System’s revenue for the quarter 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. As a group, sell-side analysts forecast that Ryder System will post 14.73 EPS for the current year.

Ryder System Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Monday, August 24th will be issued a $1.01 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a $4.04 annualized dividend and a yield of 1.5%. This is an increase from Ryder System’s previous quarterly dividend of $0.91. Ryder System’s payout ratio is 30.26%.

Insider Activity at Ryder System

In related news, Director Luis P. Nieto, Jr. sold 720 shares of Ryder System stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $235.79, for a total value of $169,768.80. Following the transaction, the director directly owned 29,974 shares of the company’s stock, valued at $7,067,569.46. This trade represents a 2.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Sanford J. Hodes sold 595 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $251.95, for a total transaction of $149,910.25. Following the transaction, the senior vice president owned 22,948 shares of the company’s stock, valued at approximately $5,781,748.60. This represents a 2.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 4.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ryder System

Large investors have recently modified their holdings of the business. Norges Bank acquired a new stake in Ryder System in the fourth quarter valued at approximately $111,168,000. JPMorgan Chase & Co. increased its holdings in shares of Ryder System by 326.8% during the fourth quarter. JPMorgan Chase & Co. now owns 705,037 shares of the transportation company’s stock worth $134,937,000 after buying an additional 539,854 shares in the last quarter. Orbis Allan Gray Ltd increased its holdings in shares of Ryder System by 107.3% during the fourth quarter. Orbis Allan Gray Ltd now owns 974,620 shares of the transportation company’s stock worth $186,533,000 after buying an additional 504,404 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Ryder System by 81.5% in the 1st quarter. First Trust Advisors LP now owns 1,010,320 shares of the transportation company’s stock valued at $206,822,000 after acquiring an additional 453,697 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Ryder System by 53.3% in the 3rd quarter. AQR Capital Management LLC now owns 720,108 shares of the transportation company’s stock valued at $134,855,000 after acquiring an additional 250,432 shares during the last quarter. Institutional investors and hedge funds 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.