Ryder System (NYSE:R) Given New $290.00 Price Target at Wells Fargo & Company

Ryder System (NYSE:R) had its price objective boosted by Wells Fargo & Company from $260.00 to $290.00 in a report released on Friday morning,Benzinga reports. They currently have an overweight rating on the transportation company’s stock.

R has been the subject of a number of other reports. Weiss Ratings reissued a “buy (b)” rating on shares of Ryder System in a research note on Wednesday, May 27th. Robert W. Baird boosted their target price on shares of Ryder System from $202.00 to $253.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Wall Street Zen raised shares of Ryder System from a “hold” rating to a “buy” rating in a research note on Saturday, April 25th. Citigroup boosted their target price on shares of Ryder System from $239.00 to $276.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Finally, Zacks Research raised shares of Ryder System from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $240.89.

Ryder System Trading Up 0.2%

R stock opened at $265.47 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.09. Ryder System has a twelve month low of $146.74 and a twelve month high of $269.99. The stock has a market capitalization of $10.27 billion, a price-to-earnings ratio of 22.07 and a beta of 1.01. The firm’s fifty day simple moving average is $232.17 and its two-hundred day simple moving average is $208.31.

Ryder System (NYSE:R) last posted its quarterly earnings data on Thursday, April 23rd. The transportation company reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $3.11 billion. During the same quarter in the previous year, the business posted $2.46 earnings per share. The business’s revenue was down .2% compared to the same quarter last year. 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, analysts anticipate that Ryder System will post 14.82 earnings per share for the current year.

Ryder System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Monday, May 18th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $3.64 dividend on an annualized basis and a yield of 1.4%. Ryder System’s dividend payout ratio is 30.26%.

Insider Transactions at Ryder System

In related news, SVP Sanford J. Hodes sold 595 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were 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 directly owned 22,948 shares of the company’s stock, valued at $5,781,748.60. This represents a 2.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Luis P. Nieto, Jr. sold 720 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $235.79, for a total transaction of $169,768.80. Following the completion of the sale, the director directly owned 29,974 shares of the company’s stock, valued at approximately $7,067,569.46. This trade represents 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 owned by corporate insiders.

Institutional Trading of Ryder System

Hedge funds have recently modified their holdings of the company. Cedar Mountain Advisors LLC lifted 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 valued at $28,000 after buying an additional 115 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Ryder System during the fourth quarter valued at about $31,000. Assetmark Inc. lifted its position in shares of Ryder System by 421.9% during the third quarter. Assetmark Inc. now owns 167 shares of the transportation company’s stock valued at $32,000 after buying an additional 135 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Ryder System during the fourth quarter valued at about $34,000. Finally, Optima Capital LLC purchased a new stake in shares of Ryder System during the fourth quarter valued at about $39,000. 87.47% of the stock is owned by hedge funds and other institutional investors.

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.