Ryder System (NYSE:R) Given New $220.00 Price Target at Barclays

Ryder System (NYSE:R) had its price objective increased by Barclays from $190.00 to $220.00 in a research report sent to investors on Thursday,Benzinga reports. Barclays currently has an overweight rating on the transportation company’s stock.

R has been the subject of several other reports. Citigroup initiated coverage on shares of Ryder System in a research report on Monday, September 22nd. They set a “buy” rating and a $217.00 price objective for the company. Morgan Stanley raised their target price on shares of Ryder System from $175.00 to $190.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Baird R W raised shares of Ryder System to a “strong-buy” rating in a report on Tuesday, July 1st. Wolfe Research raised shares of Ryder System from a “peer perform” rating to an “outperform” rating and set a $159.00 target price on the stock in a report on Tuesday, July 1st. Finally, JPMorgan Chase & Co. raised their target price on shares of Ryder System from $165.00 to $173.00 and gave the stock a “neutral” rating in a report on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.22.

Ryder System Trading Up 0.3%

Shares of R stock opened at $190.60 on Thursday. The firm has a 50 day moving average price of $183.71 and a two-hundred day moving average price of $162.30. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 2.27. The company has a market capitalization of $7.77 billion, a PE ratio of 16.21 and a beta of 1.00. Ryder System has a 12-month low of $125.54 and a 12-month high of $191.00.

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

Ryder System Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Monday, August 18th were paid a $0.91 dividend. The ex-dividend date was Monday, August 18th. This is a positive change from Ryder System’s previous quarterly dividend of $0.81. This represents a $3.64 dividend on an annualized basis and a yield of 1.9%. Ryder System’s dividend payout ratio is presently 30.95%.

Insider Transactions at Ryder System

In other Ryder System news, CFO Cristina Gallo-Aquino sold 1,000 shares of the business’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $180.87, for a total value of $180,870.00. Following the transaction, the chief financial officer directly owned 26,561 shares in the company, valued at $4,804,088.07. The trade was a 3.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas M. Havens sold 6,500 shares of the business’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $181.77, for a total transaction of $1,181,505.00. Following the completion of the transaction, the insider owned 32,478 shares in the company, valued at approximately $5,903,526.06. The trade was a 16.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,618 shares of company stock valued at $7,587,997. Corporate insiders own 5.20% of the company’s stock.

Institutional Trading of Ryder System

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its stake in Ryder System by 4.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,368 shares of the transportation company’s stock worth $258,000 after purchasing an additional 62 shares in the last quarter. Creative Planning lifted its stake in Ryder System by 0.3% in the 2nd quarter. Creative Planning now owns 26,279 shares of the transportation company’s stock worth $4,178,000 after purchasing an additional 66 shares in the last quarter. MAI Capital Management lifted its stake in Ryder System by 57.6% in the 2nd quarter. MAI Capital Management now owns 186 shares of the transportation company’s stock worth $30,000 after purchasing an additional 68 shares in the last quarter. Belmont Capital LLC lifted its stake in Ryder System by 5.0% in the 1st quarter. Belmont Capital LLC now owns 1,737 shares of the transportation company’s stock worth $250,000 after purchasing an additional 83 shares in the last quarter. Finally, SummerHaven Investment Management LLC lifted its stake in Ryder System by 1.4% in the 1st quarter. SummerHaven Investment Management LLC now owns 6,534 shares of the transportation company’s stock worth $940,000 after purchasing an additional 90 shares in the last quarter. 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.