Ryder System (NYSE:R) Price Target Raised to $280.00 at Morgan Stanley

Ryder System (NYSE:R) had its target price raised by Morgan Stanley from $263.00 to $280.00 in a research note issued to investors on Monday,Benzinga reports. Morgan Stanley currently has an overweight rating on the transportation company’s stock.

R has been the topic of several other reports. Zacks Research downgraded shares of Ryder System from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. Wells Fargo & Company increased their price objective on shares of Ryder System from $260.00 to $290.00 and gave the stock an “overweight” rating in a report on Friday, June 5th. Citigroup upped their price target on Ryder System from $239.00 to $276.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Robert W. Baird increased their price objective on Ryder System from $253.00 to $290.00 and gave the company an “outperform” rating in a report on Wednesday, June 17th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Ryder System in a research note on Wednesday, May 27th. Seven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Ryder System currently has a consensus rating of “Moderate Buy” and an average price target of $264.50.

Ryder System Stock Down 0.1%

R traded down $0.13 on Monday, reaching $262.36. The company’s stock had a trading volume of 6,690 shares, compared to its average volume of 394,587. Ryder System has a 1 year low of $157.67 and a 1 year high of $284.25. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a market cap of $10.15 billion, a price-to-earnings ratio of 21.76 and a beta of 1.01. The business’s 50 day moving average is $254.11 and its 200 day moving average is $221.81.

Ryder System (NYSE:R) last released its 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. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $3.11 billion. Ryder System had a net margin of 3.91% and a return on equity of 17.75%. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.46 earnings per share. 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, research analysts forecast that Ryder System will post 14.82 EPS for the current fiscal year.

Ryder System Announces Dividend

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

Insider Activity at Ryder System

In other Ryder System news, 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 value of $169,768.80. Following the completion of the sale, the director owned 29,974 shares in the company, valued at $7,067,569.46. This represents a 2.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Sanford J. Hodes sold 595 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $251.95, for a total value of $149,910.25. Following the completion of the transaction, the senior vice president directly owned 22,948 shares of the company’s stock, valued at approximately $5,781,748.60. This trade represents a 2.53% decrease in their position. The disclosure for this sale is available in the SEC filing. 4.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ryder System

Several hedge funds have recently added to or reduced their stakes in R. Calamos Wealth Management LLC purchased a new position in Ryder System in the 4th quarter valued at about $1,408,000. Oak Thistle LLC purchased a new stake in Ryder System during the fourth quarter worth about $903,000. AE Wealth Management LLC boosted its holdings in Ryder System by 27.2% in the fourth quarter. AE Wealth Management LLC now owns 179,184 shares of the transportation company’s stock valued at $34,294,000 after purchasing an additional 38,286 shares during the period. Fieldview Capital Management LLC purchased a new position in Ryder System in the third quarter worth approximately $3,416,000. Finally, NewEdge Wealth LLC lifted its holdings in Ryder System by 2.9% during the 4th quarter. NewEdge Wealth LLC now owns 250,334 shares of the transportation company’s stock worth $47,911,000 after buying an additional 6,952 shares during the last quarter. 87.47% of the stock is currently owned by 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.