Ryder System (NYSE:R) Reaches New 52-Week High After Analyst Upgrade

Shares of Ryder System, Inc. (NYSE:R) reached a new 52-week high on Thursday after Barclays raised their price target on the stock from $190.00 to $220.00. Barclays currently has an overweight rating on the stock. Ryder System traded as high as $191.00 and last traded at $189.34, with a volume of 13809 shares. The stock had previously closed at $189.95.

Several other brokerages have also weighed in on R. Robert W. Baird upped their price objective on Ryder System from $186.00 to $192.00 and gave the company an “outperform” rating in a report on Monday, July 28th. Stephens upped their price target on shares of Ryder System from $150.00 to $190.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. Citigroup began coverage on shares of Ryder System in a report on Monday, September 22nd. They set a “buy” rating and a $217.00 target price for the company. Baird R W raised Ryder System to a “strong-buy” rating in a research note on Tuesday, July 1st. Finally, Morgan Stanley increased their target price on Ryder System from $175.00 to $190.00 and gave the company an “overweight” rating in a report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Ryder System has a consensus rating of “Moderate Buy” and a consensus target price of $193.22.

Insider Buying and Selling

In other Ryder System news, insider Thomas M. Havens sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $181.77, for a total transaction of $1,181,505.00. Following the completion of the sale, the insider owned 32,478 shares of the company’s stock, valued at $5,903,526.06. This represents a 16.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Steve W. Martin sold 5,500 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president owned 24,235 shares in the company, valued at approximately $4,531,460.30. This trade represents a 18.50% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,618 shares of company stock valued at $7,587,997. 5.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Valeo Financial Advisors LLC grew its holdings in shares of Ryder System by 51,455.2% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,868,534 shares of the transportation company’s stock worth $456,097,000 after purchasing an additional 2,862,970 shares in the last quarter. Norges Bank bought a new position in Ryder System in the second quarter worth $103,814,000. Wellington Management Group LLP boosted its stake in Ryder System by 16.2% during the first quarter. Wellington Management Group LLP now owns 2,984,836 shares of the transportation company’s stock worth $429,249,000 after buying an additional 415,103 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Ryder System by 20,298.3% in the 1st quarter. GAMMA Investing LLC now owns 183,789 shares of the transportation company’s stock valued at $26,431,000 after buying an additional 182,888 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Ryder System by 21.8% in the 2nd quarter. First Trust Advisors LP now owns 793,527 shares of the transportation company’s stock valued at $126,171,000 after buying an additional 141,872 shares in the last quarter. 87.47% of the stock is owned by institutional investors.

Ryder System Stock Up 0.3%

The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.27. The business’s fifty day moving average price is $183.71 and its 200 day moving average price is $162.30. The company has a market capitalization of $7.77 billion, a P/E ratio of 16.21 and a beta of 1.00.

Ryder System (NYSE:R) last posted its quarterly earnings results 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 analyst estimates of $3.17 billion. Ryder System had a net margin of 3.99% and a return on equity of 17.83%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior 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, equities research analysts predict that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Increases Dividend

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

About Ryder System

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.