Ryder System (NYSE:R) Raised to Strong-Buy at Zacks Research

Ryder System (NYSE:R) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other research analysts also recently commented on R. Citigroup boosted their target price on Ryder System from $239.00 to $276.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Wall Street Zen upgraded Ryder System from a “hold” rating to a “buy” rating in a research note on Saturday, April 25th. Wolfe Research restated a “peer perform” rating on shares of Ryder System in a research note on Thursday, January 8th. Weiss Ratings restated a “buy (b)” rating on shares of Ryder System in a research note on Thursday, January 22nd. Finally, Barclays lifted their price objective on shares of Ryder System from $220.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $234.89.

Ryder System Stock Up 3.5%

NYSE:R opened at $253.99 on Wednesday. The firm has a market capitalization of $9.83 billion, a price-to-earnings ratio of 21.11 and a beta of 0.93. Ryder System has a 1-year low of $135.74 and a 1-year high of $256.57. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.09. The business’s fifty day moving average price is $214.17 and its 200 day moving average price is $196.35.

Ryder System (NYSE:R) last posted its quarterly earnings results on Thursday, April 23rd. The transportation company reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.25. Ryder System had a return on equity of 17.75% and a net margin of 3.91%.The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same period in the previous year, the firm earned $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. On average, sell-side analysts forecast that Ryder System will post 14.82 earnings per share for the current fiscal year.

Insider Buying and Selling at Ryder System

In related news, Director E Follin Smith sold 32,230 shares of the business’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $207.61, for a total transaction of $6,691,270.30. Following the completion of the transaction, the director owned 1,549 shares of the company’s stock, valued at approximately $321,587.89. The trade was a 95.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert E. Sanchez sold 41,779 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $223.30, for a total value of $9,329,250.70. Following the transaction, the chief executive officer directly owned 40,828 shares of the company’s stock, valued at $9,116,892.40. This represents a 50.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 130,673 shares of company stock worth $28,233,471 in the last ninety days. 4.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Ryder System

Several large investors have recently added to or reduced their stakes in the company. Cedar Mountain Advisors LLC raised its holdings in Ryder System by 522.7% in the 1st quarter. Cedar Mountain Advisors LLC now owns 137 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 115 shares in the last quarter. Quantum Portfolio Management LLC raised its holdings in Ryder System by 2.1% in the 1st quarter. Quantum Portfolio Management LLC now owns 2,564 shares of the transportation company’s stock valued at $525,000 after acquiring an additional 52 shares in the last quarter. DGS Capital Management LLC raised its holdings in Ryder System by 43.3% in the 1st quarter. DGS Capital Management LLC now owns 1,886 shares of the transportation company’s stock valued at $386,000 after acquiring an additional 570 shares in the last quarter. Praxis Investment Management Inc. acquired a new position in Ryder System in the 1st quarter valued at approximately $271,000. Finally, QRG Capital Management Inc. raised its holdings in Ryder System by 19.5% in the 1st quarter. QRG Capital Management Inc. now owns 4,085 shares of the transportation company’s stock valued at $836,000 after acquiring an additional 668 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Company Profile

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.