Ryder System (NYSE:R) Hits New 1-Year High – Here’s Why

Ryder System, Inc. (NYSE:R)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $197.47 and last traded at $196.71, with a volume of 46537 shares changing hands. The stock had previously closed at $194.07.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on R shares. Wall Street Zen raised Ryder System from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Citigroup initiated coverage on shares of Ryder System in a report on Monday, September 22nd. They set a “buy” rating and a $217.00 price target on the stock. Wells Fargo & Company initiated coverage on shares of Ryder System in a research report on Friday, December 5th. They issued an “overweight” rating and a $210.00 price target for the company. Barclays raised their price objective on shares of Ryder System from $190.00 to $220.00 and gave the company an “overweight” rating in a research report on Thursday, October 2nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ryder System in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $205.56.

Ryder System Stock Performance

The company has a market capitalization of $7.66 billion, a P/E ratio of 16.02 and a beta of 0.97. The business has a 50 day moving average of $175.60 and a 200 day moving average of $173.98. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.35.

Ryder System (NYSE:R) last issued its quarterly earnings data on Thursday, October 23rd. The transportation company reported $3.57 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $3.19 billion. During the same period in the prior year, the firm earned $3.44 EPS. The company’s revenue for the quarter 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 predict that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Monday, November 17th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, November 17th. Ryder System’s dividend payout ratio is currently 30.74%.

Institutional Investors Weigh In On Ryder System

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. increased its position in shares of Ryder System by 770.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 174 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 154 shares during the last quarter. Root Financial Partners LLC bought a new position in Ryder System during the third quarter valued at $28,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Ryder System by 237.0% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 182 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 128 shares during the last quarter. MAI Capital Management raised its stake in shares of Ryder System by 57.6% in the second quarter. MAI Capital Management now owns 186 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 68 shares during the period. Finally, Assetmark Inc. grew its holdings in Ryder System by 421.9% during the 3rd quarter. Assetmark Inc. now owns 167 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 135 shares during the last quarter. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Ryder System Company Profile

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.