Ryder System (NYSE:R) Reaches New 52-Week High After Analyst Upgrade

Key Points

• Ryder System stock reached a new 52-week high of $191.00 after an upgrade from Barclays, which raised its price target from $190.00 to $220.00, maintaining an overweight rating.
• Insider trading reports reveal significant share sales by CEO Robert E. Sanchez and CFO Cristina Gallo-Aquino, indicating a decrease in their holdings following stock performance.
• The company announced an increase in its quarterly dividend from $0.81 to $0.91, representing an annualized dividend yield of 1.9% and a dividend payout ratio of 30.95%.

Ryder System, Inc. (NYSE:R - Get Free Report) reached a new 52-week high on Thursday after Barclays raised their price target on the stock from $190.00 to $220.00. Barclays currently has an overweight rating on the stock. Ryder System traded as high as $191.00 and last traded at $189.34, with a volume of 13809 shares. The stock had previously closed at $189.95.

R has been the subject of a number of other research reports. Robert W. Baird increased their target price on shares of Ryder System from $186.00 to $192.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Citigroup began coverage on shares of Ryder System in a research note on Monday, September 22nd. They set a "buy" rating and a $217.00 target price for the company. JPMorgan Chase & Co. upped their price target on Ryder System from $165.00 to $173.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. Susquehanna assumed coverage on Ryder System in a research note on Tuesday, July 15th. They issued a "positive" rating and a $215.00 price objective for the company. Finally, Wolfe Research raised Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 target price on the stock in a research report on Tuesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $193.22.

Insider Activity

In other news, CEO Robert E. Sanchez sold 22,063 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $182.49, for a total value of $4,026,276.87. Following the transaction, the chief executive officer owned 62,887 shares in the company, valued at $11,476,248.63. The trade was a 25.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Cristina Gallo-Aquino sold 1,000 shares of the business's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $180.87, for a total value of $180,870.00. Following the completion of the transaction, the chief financial officer directly owned 26,561 shares in the company, valued at approximately $4,804,088.07. This represents a 3.63% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,618 shares of company stock worth $7,587,997. Corporate insiders own 5.20% of the company's stock.

Institutional Trading of Ryder System

Several hedge funds have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Ryder System in the 1st quarter worth about $26,000. Hantz Financial Services Inc. raised its position 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 valued at $28,000 after purchasing an additional 154 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Ryder System by 237.0% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 182 shares of the transportation company's stock valued at $29,000 after buying an additional 128 shares in the last quarter. MAI Capital Management grew its position in shares of Ryder System by 57.6% during 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. Finally, TCTC Holdings LLC increased its holdings in shares of Ryder System by 116.5% in the first quarter. TCTC Holdings LLC now owns 223 shares of the transportation company's stock worth $32,000 after purchasing an additional 120 shares during the period. 87.47% of the stock is currently owned by institutional investors.

Ryder System Stock Down 0.5%

The company has a 50 day moving average of $183.44 and a 200-day moving average of $161.96. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market cap of $7.71 billion, a P/E ratio of 16.07 and a beta of 1.00.

Ryder System (NYSE:R - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The transportation company reported $3.32 earnings per share for the quarter, topping the consensus estimate of $3.11 by $0.21. Ryder System had a net margin of 3.99% and a return on equity of 17.83%. The company had revenue of $3.19 billion for the quarter, compared to analysts' expectations of $3.17 billion. During the same period in the prior year, the business earned $3.00 earnings per share. Ryder System's revenue for the quarter was up .2% compared to the same quarter last year. Ryder System has set its Q3 2025 guidance at 3.450-3.650 EPS. FY 2025 guidance at 12.850-13.300 EPS. On average, equities analysts predict that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Monday, August 18th were issued a $0.91 dividend. This is an increase from Ryder System's previous quarterly dividend of $0.81. This represents a $3.64 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Monday, August 18th. Ryder System's dividend payout ratio (DPR) is presently 30.95%.

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.

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