Ryder System (NYSE:R) Sets New 12-Month High – Here’s Why

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

Analyst Upgrades and Downgrades

R has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on Ryder System from $194.00 to $197.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Wells Fargo & Company initiated coverage on shares of Ryder System in a report on Friday, December 5th. They set an “overweight” rating and a $210.00 target price on the stock. Citigroup began coverage on shares of Ryder System in a research note on Monday, September 22nd. They issued a “buy” rating and a $217.00 price target for the company. Morgan Stanley boosted their price objective on shares of Ryder System from $190.00 to $250.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Wall Street Zen raised shares of Ryder System from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $203.30.

Ryder System Stock Performance

The stock has a market cap of $8.06 billion, a PE ratio of 16.81 and a beta of 0.97. 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 firm has a fifty day moving average price of $175.51 and a 200 day moving average price of $173.53.

Ryder System (NYSE:R) last posted its quarterly earnings data on Thursday, October 23rd. The transportation company reported $3.57 EPS for the quarter, topping the consensus estimate of $3.56 by $0.01. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $3.19 billion. Ryder System had a net margin of 3.96% and a return on equity of 17.69%. The business’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.44 earnings per share. 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. Research analysts forecast that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Monday, November 17th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.8%. The ex-dividend date is Monday, November 17th. Ryder System’s payout ratio is presently 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. Root Financial Partners LLC acquired a new position in shares of Ryder System in the 3rd quarter valued at about $28,000. Assetmark Inc. raised its position in Ryder System by 421.9% during the third quarter. Assetmark Inc. now owns 167 shares of the transportation company’s stock worth $32,000 after acquiring an additional 135 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of Ryder System by 770.0% in the second quarter. Hantz Financial Services Inc. now owns 174 shares of the transportation company’s stock worth $28,000 after acquiring an additional 154 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Ryder System by 237.0% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 182 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 128 shares during the last quarter. Finally, MAI Capital Management lifted its holdings in Ryder System by 57.6% in the 2nd quarter. MAI Capital Management now owns 186 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 68 shares in the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.

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.