Ryder System (NYSE:R) Given “Neutral” Rating at Citigroup

Citigroup reiterated their neutral rating on shares of Ryder System (NYSE:R) in a report issued on Friday, Marketbeat reports. They currently have a $280.00 price target on the transportation company’s stock, up from their previous price target of $276.00.

A number of other analysts have also recently issued reports on the company. Wall Street Zen raised Ryder System from a “hold” rating to a “buy” rating in a research note on Saturday, April 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ryder System in a report on Wednesday, May 27th. Zacks Research lowered shares of Ryder System from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Robert W. Baird boosted their price objective on shares of Ryder System from $253.00 to $290.00 and gave the company an “outperform” rating in a research report on Wednesday, June 17th. Finally, Morgan Stanley upped their target price on shares of Ryder System from $263.00 to $280.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $265.00.

Ryder System Trading Down 0.2%

Ryder System stock traded down $0.43 during mid-day trading on Friday, hitting $269.20. 280,725 shares of the company’s stock were exchanged, compared to its average volume of 377,978. The company’s 50 day simple moving average is $255.62 and its 200-day simple moving average is $223.75. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.09. The firm has a market capitalization of $10.42 billion, a P/E ratio of 22.38 and a beta of 1.01. Ryder System has a fifty-two week low of $157.67 and a fifty-two week high of $284.25.

Ryder System (NYSE:R) last posted its earnings results on Thursday, April 23rd. The transportation company reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.25. The firm 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 company’s revenue was down .2% on a year-over-year basis. During the same period 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, equities analysts anticipate that Ryder System will post 14.82 earnings per share for the current year.

Ryder System Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Monday, August 24th will be paid a dividend of $1.01 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $4.04 annualized dividend and a dividend yield of 1.5%. This is an increase from Ryder System’s previous quarterly dividend of $0.91. Ryder System’s dividend payout ratio (DPR) is 30.26%.

Insider Buying and Selling

In other news, Director Luis P. Nieto, Jr. sold 720 shares of Ryder System stock in a transaction that occurred 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 directly owned 29,974 shares in the company, valued at $7,067,569.46. This trade represents a 2.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Sanford J. Hodes sold 595 shares of the 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 owned 22,948 shares of the company’s stock, valued at $5,781,748.60. The trade was a 2.53% decrease in their position. The SEC filing for this sale provides additional information. 4.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ryder System

Hedge funds have recently modified their holdings of the stock. Redhawk Wealth Advisors Inc. bought a new stake in Ryder System during the second quarter worth about $2,081,000. Quantum Financial Advisors LLC bought a new position in Ryder System in the second quarter valued at approximately $203,000. GAMMA Investing LLC increased its position in shares of Ryder System by 16.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,797 shares of the transportation company’s stock worth $474,000 after purchasing an additional 255 shares during the last quarter. CoreCap Advisors LLC raised its stake in shares of Ryder System by 147.2% during the 2nd quarter. CoreCap Advisors LLC now owns 351 shares of the transportation company’s stock worth $93,000 after purchasing an additional 209 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of Ryder System by 36.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 160 shares of the transportation company’s stock worth $42,000 after purchasing an additional 43 shares in the last quarter. Institutional investors own 87.47% of the company’s stock.

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.