Ryder System (NYSE:R) Downgraded by Wall Street Zen to Buy

Wall Street Zen lowered shares of Ryder System (NYSE:R) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

Several other research analysts have also recently commented on the company. Morgan Stanley boosted their price target on Ryder System from $263.00 to $280.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. JPMorgan Chase & Co. raised their price objective on Ryder System from $259.00 to $296.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Zacks Research downgraded Ryder System from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Robert W. Baird upped their target price on Ryder System from $253.00 to $290.00 and gave the company an “outperform” rating in a research report on Wednesday, June 17th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Ryder System in a research note on Monday, August 24th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Ryder System presently has a consensus rating of “Moderate Buy” and an average target price of $294.14.

Ryder System Price Performance

R opened at $243.67 on Friday. The company has a fifty day simple moving average of $258.51 and a 200 day simple moving average of $241.99. The firm has a market cap of $9.34 billion, a price-to-earnings ratio of 19.83 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 current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.91.

Ryder System (NYSE:R) last released its quarterly earnings results on Thursday, July 23rd. The transportation company reported $3.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.69 by $0.04. The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $3.29 billion. Ryder System had a net margin of 3.88% and a return on equity of 18.28%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.32 EPS. 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. Equities research analysts expect that Ryder System will post 14.74 EPS for the current fiscal year.

Ryder System Increases Dividend

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

Hedge Funds Weigh In On Ryder System

Large investors have recently bought and sold shares of the business. Keating Financial Advisory Services Inc. bought a new position in shares of Ryder System during the second quarter valued at approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Ryder System during the 2nd quarter valued at approximately $30,000. Cedar Mountain Advisors LLC boosted its position in Ryder System by 522.7% during the 1st quarter. Cedar Mountain Advisors LLC now owns 137 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 115 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in Ryder System by 36.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 160 shares of the transportation company’s stock worth $42,000 after buying an additional 43 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in Ryder System during the 4th quarter worth $31,000. 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.