Ryder System (NYSE:R) Stock Rating Raised to “Overweight” at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Ryder System (NYSE:R) from a neutral rating to an overweight rating in a report published on Monday morning, Marketbeat.com reports. JPMorgan Chase & Co. currently has $298.00 target price on the transportation company’s stock, up from their previous target price of $296.00.

Several other research firms also recently commented on R. Zacks Research downgraded Ryder System from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Morgan Stanley upgraded shares of Ryder System from an “overweight” rating to a “buy” rating in a research report on Monday. Citigroup upped their target price on Ryder System from $280.00 to $283.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Robert W. Baird reiterated a “neutral” rating and set a $245.00 price target (down from $290.00) on shares of Ryder System in a research report on Tuesday, September 29th. Finally, Wells Fargo & Company increased their price target on shares of Ryder System from $290.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $283.71.

Ryder System Stock Down 0.4%

Shares of NYSE:R opened at $236.30 on Monday. The firm has a fifty day moving average of $248.08 and a 200 day moving average of $245.49. Ryder System has a 52-week low of $157.67 and a 52-week high of $284.25. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market capitalization of $9.06 billion, a PE ratio of 19.23 and a beta of 1.05.

Ryder System (NYSE:R) last announced its quarterly earnings data on Thursday, July 23rd. The transportation company reported $3.73 EPS for the quarter, beating the consensus estimate of $3.69 by $0.04. The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $3.29 billion. Ryder System had a return on equity of 18.28% and a net margin of 3.88%.The company’s revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the company earned $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. As a group, research analysts anticipate that Ryder System will post 14.74 EPS for the current fiscal year.

Ryder System Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Monday, August 24th were issued a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 1.7%. This is a positive change from Ryder System’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Monday, August 24th. Ryder System’s dividend payout ratio is presently 32.87%.

Institutional Investors Weigh In On Ryder System

Institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc boosted its stake in Ryder System by 19.2% during the 3rd quarter. Versant Capital Management Inc now owns 317 shares of the transportation company’s stock valued at $72,000 after purchasing an additional 51 shares during the last quarter. QRG Capital Management Inc. raised its holdings in shares of Ryder System by 14.1% during the second quarter. QRG Capital Management Inc. now owns 4,660 shares of the transportation company’s stock valued at $1,229,000 after purchasing an additional 575 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Ryder System by 11.6% during the second quarter. Sequoia Financial Advisors LLC now owns 2,597 shares of the transportation company’s stock valued at $685,000 after purchasing an additional 270 shares during the last quarter. WINTON GROUP Ltd bought a new position in Ryder System during the second quarter valued at approximately $4,889,000. Finally, Engineers Gate Manager LP lifted its holdings in shares of Ryder System by 11.2% during the 2nd quarter. Engineers Gate Manager LP now owns 23,413 shares of the transportation company’s stock valued at $6,176,000 after buying an additional 2,351 shares during the period. Hedge funds and other 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 solutions. Its services include commercial vehicle leasing and rental, fleet maintenance, transportation management, warehousing, distribution, and delivery services.

The company serves businesses across industries through operations in the United States, Canada, and Mexico. Ryder also supports e-commerce and retail customers with last-mile delivery, fulfillment, and related logistics services, and sells used commercial vehicles through its network of vehicle sales centers and online channels.

Founded in 1933 by James Ryder, the company is headquartered in Miami, Florida.