Ryder System (NYSE:R) Now Covered by Citigroup

Citigroup initiated coverage on shares of Ryder System (NYSE:R) in a research report released on Monday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $217.00 price objective on the transportation company’s stock.

Several other research firms have also commented on R. Susquehanna began coverage on shares of Ryder System in a research note on Tuesday, July 15th. They issued a “positive” rating and a $215.00 price objective for the company. Barclays assumed coverage on shares of Ryder System in a research note on Monday, June 9th. They issued an “overweight” rating and a $190.00 price target for the company. JPMorgan Chase & Co. lifted their price target on shares of Ryder System from $165.00 to $173.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 8th. Baird R W upgraded shares of Ryder System to a “strong-buy” rating in a research note on Tuesday, July 1st. Finally, Stephens lifted their price target on shares of Ryder System from $150.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $189.89.

Ryder System Trading Up 0.7%

NYSE R opened at $185.03 on Monday. The firm has a 50 day simple moving average of $181.26 and a 200-day simple moving average of $160.08. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.82 and a current ratio of 0.82. Ryder System has a one year low of $125.54 and a one year high of $191.00. The firm has a market cap of $7.55 billion, a price-to-earnings ratio of 15.73 and a beta of 0.98.

Ryder System (NYSE:R) last posted its quarterly earnings data on Thursday, July 24th. The transportation company reported $3.32 EPS for the quarter, beating the consensus estimate of $3.11 by $0.21. Ryder System had a net margin of 3.99% and a return on equity of 17.83%. The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same quarter last year, the firm posted $3.00 earnings per share. The business’s revenue for the quarter was up .2% compared to the same quarter last year. Ryder System has set its Q3 2025 guidance at 3.450-3.650 EPS. FY 2025 guidance at 12.850-13.300 EPS. Equities research analysts anticipate that Ryder System will post 13.68 EPS for the current fiscal year.

Ryder System Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Monday, August 18th were given a $0.91 dividend. The ex-dividend date was Monday, August 18th. This represents a $3.64 annualized dividend and a dividend yield of 2.0%. This is a boost from Ryder System’s previous quarterly dividend of $0.81. Ryder System’s payout ratio is presently 30.95%.

Insiders Place Their Bets

In related news, EVP Steve W. Martin sold 5,500 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $186.98, for a total value of $1,028,390.00. Following the sale, the executive vice president directly owned 24,235 shares in the company, valued at $4,531,460.30. The trade was a 18.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Sanford J. Hodes sold 532 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $187.48, for a total transaction of $99,739.36. Following the completion of the sale, the senior vice president owned 24,452 shares in the company, valued at $4,584,260.96. This represents a 2.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,618 shares of company stock worth $7,587,997. 5.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue lifted its holdings in Ryder System by 2.2% in the 1st quarter. State of Alaska Department of Revenue now owns 4,928 shares of the transportation company’s stock valued at $708,000 after purchasing an additional 105 shares in the last quarter. DAVENPORT & Co LLC purchased a new position in Ryder System in the 1st quarter valued at about $557,000. GAMMA Investing LLC lifted its holdings in Ryder System by 41.8% in the 1st quarter. GAMMA Investing LLC now owns 1,278 shares of the transportation company’s stock valued at $184,000 after purchasing an additional 377 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. purchased a new position in Ryder System in the 1st quarter valued at about $4,721,000. Finally, Voya Investment Management LLC lifted its holdings in shares of Ryder System by 34.4% during the 1st quarter. Voya Investment Management LLC now owns 42,782 shares of the transportation company’s stock worth $6,152,000 after acquiring an additional 10,957 shares during the period. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Ryder System Company Profile

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.