Wall Street Zen downgraded shares of Ryder System (NYSE:R – Free Report) from a strong-buy rating to a buy rating in a research report released on Saturday,Wall Street Zen reports.
Several other equities research analysts have also weighed in on the company. Zacks Research lowered Ryder System from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. Citizens Jmp began coverage on shares of Ryder System in a report on Wednesday, July 15th. They set a “market perform” rating for the company. Susquehanna upped their price target on shares of Ryder System from $290.00 to $310.00 and gave the stock a “positive” rating in a research report on Friday, July 24th. Robert W. Baird boosted their target price on shares of Ryder System from $253.00 to $290.00 and gave the company an “outperform” rating in a research note on Wednesday, June 17th. Finally, Citigroup upped their target price on shares of Ryder System from $280.00 to $283.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $294.14.
Read Our Latest Stock Report on R
Ryder System Stock Down 0.7%
Ryder System (NYSE:R – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The transportation company reported $3.73 earnings per share for the quarter, beating analysts’ consensus estimates of $3.69 by $0.04. The business had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $3.29 billion. Ryder System had a net margin of 3.88% and a return on equity of 18.28%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. Equities analysts anticipate that Ryder System will post 14.74 EPS for the current year.
Ryder System Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Monday, August 24th will be paid a dividend of $1.01 per share. This is a boost from Ryder System’s previous quarterly dividend of $0.91. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Monday, August 24th. Ryder System’s dividend payout ratio (DPR) is 32.87%.
Institutional Investors Weigh In On Ryder System
Hedge funds and other institutional investors have recently bought and sold shares of the business. Keating Financial Advisory Services Inc. acquired a new stake in shares of Ryder System during the 2nd quarter valued at $26,000. Cedar Mountain Advisors LLC raised its position in shares of Ryder System by 522.7% during the first quarter. Cedar Mountain Advisors LLC now owns 137 shares of the transportation company’s stock worth $28,000 after purchasing an additional 115 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Ryder System during the second quarter valued at $30,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Ryder System by 36.8% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 160 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 43 shares during the period. Finally, Clearstead Advisors LLC increased its stake in Ryder System by 53.8% in the 4th quarter. Clearstead Advisors LLC now owns 260 shares of the transportation company’s stock worth $50,000 after purchasing an additional 91 shares in the last quarter. 87.47% of the stock is currently owned by institutional investors.
Ryder System Company Profile
Ryder System, Inc is a transportation and logistics company that provides fleet management, supply chain and dedicated transportation services. The company serves commercial customers across industries, helping them manage the movement, storage and delivery of goods through integrated transportation and logistics solutions.
Ryder’s fleet management offerings include commercial truck leasing, rental, maintenance and related support services. It also sells used vehicles and provides technology designed to help customers monitor fleets, improve utilization and manage transportation operations.
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