Ryder System (NYSE:R) Rating Lowered to “Hold” at Zacks Research

Ryder System (NYSE:RGet Free Report) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other analysts have also recently commented on the company. Wells Fargo & Company boosted their price target on Ryder System from $260.00 to $290.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. Wall Street Zen upgraded Ryder System from a “hold” rating to a “buy” rating in a research note on Saturday, April 25th. JPMorgan Chase & Co. boosted their target price on Ryder System from $203.00 to $250.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Barclays increased their target price on Ryder System from $220.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ryder System in a research report on Wednesday, May 27th. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $245.00.

Check Out Our Latest Stock Analysis on Ryder System

Ryder System Trading Down 0.7%

Shares of NYSE R opened at $263.15 on Monday. Ryder System has a 1 year low of $154.39 and a 1 year high of $284.25. The stock has a market cap of $10.18 billion, a P/E ratio of 21.87 and a beta of 1.01. The firm has a 50-day moving average of $247.38 and a 200 day moving average of $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.

Ryder System (NYSE:RGet Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The transportation company reported $2.54 EPS for the quarter, topping the consensus estimate of $2.29 by $0.25. Ryder System had a net margin of 3.91% and a return on equity of 17.75%. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same quarter in the previous year, the firm posted $2.46 earnings per share. Ryder System’s quarterly revenue was down .2% on a year-over-year basis. 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. As a group, sell-side analysts expect that Ryder System will post 14.82 EPS for the current fiscal year.

Insiders Place Their Bets

In other Ryder System news, SVP Sanford J. Hodes sold 595 shares of Ryder System stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $251.95, for a total value of $149,910.25. Following the completion of the sale, the senior vice president owned 22,948 shares of the company’s stock, valued at approximately $5,781,748.60. This trade represents a 2.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Luis P. Nieto, Jr. sold 720 shares of the company’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 transaction, the director directly owned 29,974 shares in the company, valued at approximately $7,067,569.46. The trade was a 2.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 4.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ryder System

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

About Ryder System

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Ryder System (NYSE:R)

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