Ryder System (NYSE:R) Downgraded to Hold Rating by Zacks Research

Zacks Research lowered shares of Ryder System (NYSE:R) from a strong-buy rating to a hold rating in a research report released on Monday,Zacks.com reports.

A number of other research analysts also recently weighed in on R. Weiss Ratings reissued a “buy (b)” rating on shares of Ryder System in a research note on Wednesday, May 27th. Citigroup increased their price target on Ryder System from $239.00 to $276.00 and gave the company a “buy” rating in a report on Friday, April 24th. Wall Street Zen raised shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Saturday, April 25th. JPMorgan Chase & Co. boosted their price objective on shares of Ryder System from $203.00 to $250.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Finally, Robert W. Baird upped their price objective on shares of Ryder System from $253.00 to $290.00 and gave the stock an “outperform” rating in a report on Wednesday, June 17th. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $245.00.

Ryder System Trading Down 0.7%

Ryder System stock opened at $263.15 on Monday. Ryder System has a one year low of $154.39 and a one year high of $284.25. The company’s fifty day moving average price is $247.38 and its two-hundred day moving average price is $217.12. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market capitalization of $10.18 billion, a price-to-earnings ratio of 21.87 and a beta of 1.01.

Ryder System (NYSE:R) last announced its quarterly earnings results on Thursday, April 23rd. The transportation company reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.25. The company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $3.11 billion. Ryder System had a return on equity of 17.75% and a net margin of 3.91%.The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.46 earnings per share. 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. On average, analysts forecast that Ryder System will post 14.82 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Monday, May 18th were issued a $0.91 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $3.64 dividend on an annualized basis and a yield of 1.4%. Ryder System’s dividend payout ratio (DPR) is 30.26%.

Insider Activity at Ryder System

In other news, Director Luis P. Nieto, Jr. sold 720 shares of the firm’s stock in a transaction 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 sale, the director owned 29,974 shares in the company, valued at approximately $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 accessible through this hyperlink. Also, SVP Sanford J. Hodes sold 595 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $251.95, for a total transaction of $149,910.25. Following the transaction, the senior vice president directly owned 22,948 shares in the company, valued at $5,781,748.60. This trade represents a 2.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 4.90% of the company’s stock.

Institutional Trading of Ryder System

A number of hedge funds have recently bought and sold shares of R. State Street Corp grew its position in Ryder System by 0.4% in the 2nd quarter. State Street Corp now owns 1,995,292 shares of the transportation company’s stock worth $317,251,000 after purchasing an additional 7,447 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Ryder System by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,621,947 shares of the transportation company’s stock valued at $331,996,000 after buying an additional 6,652 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Ryder System by 81.5% in the first quarter. First Trust Advisors LP now owns 1,010,320 shares of the transportation company’s stock valued at $206,822,000 after buying an additional 453,697 shares during the period. Orbis Allan Gray Ltd lifted its stake in shares of Ryder System by 15.4% in the second quarter. Orbis Allan Gray Ltd now owns 1,005,382 shares of the transportation company’s stock valued at $159,856,000 after buying an additional 134,423 shares during the period. Finally, Bank of America Corp DE grew its position in Ryder System by 6.7% during the second quarter. Bank of America Corp DE now owns 988,117 shares of the transportation company’s stock worth $157,111,000 after buying an additional 62,313 shares in the last quarter. 87.47% of the stock is owned by institutional investors.

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.