Ryder System (NYSE:R) Earns Overweight Rating from Analysts at Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of Ryder System (NYSE:R) in a report issued on Friday, Marketbeat Ratings reports. The firm issued an overweight rating and a $210.00 price target on the transportation company’s stock.

A number of other equities research analysts have also weighed in on the stock. Wall Street Zen upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Ryder System in a research report on Wednesday, October 8th. Barclays lifted their price objective on Ryder System from $190.00 to $220.00 and gave the company an “overweight” rating in a report on Thursday, October 2nd. JPMorgan Chase & Co. increased their target price on shares of Ryder System from $194.00 to $197.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Finally, Citigroup began coverage on shares of Ryder System in a research report on Monday, September 22nd. They set a “buy” rating and a $217.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $197.30.

Ryder System Trading Up 3.4%

Shares of NYSE R opened at $186.14 on Friday. The business’s 50 day moving average price is $175.49 and its 200-day moving average price is $172.87. Ryder System has a fifty-two week low of $125.54 and a fifty-two week high of $195.48. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $7.52 billion, a price-to-earnings ratio of 15.72 and a beta of 0.97.

Ryder System (NYSE:R) last announced its quarterly earnings data on Thursday, October 23rd. The transportation company reported $3.57 EPS for the quarter, beating the consensus estimate of $3.56 by $0.01. Ryder System had a return on equity of 17.69% and a net margin of 3.96%.The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter in the prior year, the company posted $3.44 EPS. Ryder System’s quarterly revenue was up .1% on a year-over-year basis. Ryder System has set its Q4 2025 guidance at 3.500-3.700 EPS and its FY 2025 guidance at 12.850-13.050 EPS. On average, sell-side analysts expect that Ryder System will post 13.68 earnings per share for the current year.

Ryder System Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Monday, November 17th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.0%. Ryder System’s payout ratio is 30.74%.

Institutional Investors Weigh In On Ryder System

A number of large investors have recently bought and sold shares of R. Valeo Financial Advisors LLC grew its position in Ryder System by 51,455.2% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,868,534 shares of the transportation company’s stock worth $456,097,000 after purchasing an additional 2,862,970 shares during the period. Norges Bank purchased a new stake in shares of Ryder System in the second quarter worth about $103,814,000. Wellington Management Group LLP grew its holdings in Ryder System by 16.2% during the first quarter. Wellington Management Group LLP now owns 2,984,836 shares of the transportation company’s stock worth $429,249,000 after acquiring an additional 415,103 shares during the period. AQR Capital Management LLC raised its position in Ryder System by 53.3% during the third quarter. AQR Capital Management LLC now owns 720,108 shares of the transportation company’s stock valued at $134,855,000 after acquiring an additional 250,432 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Ryder System by 369.4% in the third quarter. BNP Paribas Financial Markets now owns 196,968 shares of the transportation company’s stock valued at $37,156,000 after acquiring an additional 155,007 shares during the period. Hedge funds and other institutional investors own 87.47% of the company’s stock.

About Ryder System

Ryder System, Inc operates as a logistics and transportation company worldwide. It operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full-service leasing and leasing with flexible maintenance options; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website, as well as digital and technology support services.