JPMorgan Chase & Co. Buys 10,446 Shares of Ryder System, Inc. (NYSE:R)

JPMorgan Chase & Co. increased its stake in shares of Ryder System, Inc. (NYSE:R) by 7.7% in the 3rd quarter, Holdings Channel reports. The firm owned 145,353 shares of the transportation company’s stock after buying an additional 10,446 shares during the period. JPMorgan Chase & Co.’s holdings in Ryder System were worth $21,192,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wolff Wiese Magana LLC purchased a new position in shares of Ryder System during the 3rd quarter valued at about $28,000. Altshuler Shaham Ltd bought a new stake in Ryder System during the 2nd quarter worth approximately $29,000. Wilmington Savings Fund Society FSB purchased a new position in Ryder System during the third quarter valued at approximately $34,000. UMB Bank n.a. boosted its position in shares of Ryder System by 43.2% in the third quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock worth $39,000 after purchasing an additional 80 shares during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Ryder System in the second quarter worth $51,000. Institutional investors own 87.47% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on R shares. JPMorgan Chase & Co. cut their price target on Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. The Goldman Sachs Group increased their target price on Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $147.43.

Insider Transactions at Ryder System

In related news, insider Thomas M. Havens sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total transaction of $629,760.00. Following the transaction, the insider now directly owns 20,504 shares in the company, valued at $3,228,149.76. The trade was a 16.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.10% of the company’s stock.

Ryder System Trading Up 0.7 %

R stock opened at $158.42 on Thursday. Ryder System, Inc. has a 12 month low of $106.62 and a 12 month high of $171.78. The firm’s 50-day moving average is $161.07 and its 200 day moving average is $145.69. The company has a market capitalization of $6.70 billion, a PE ratio of 14.82 and a beta of 1.31. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.74 and a quick ratio of 0.74.

Ryder System (NYSE:R) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $3.44 earnings per share for the quarter, beating the consensus estimate of $3.39 by $0.05. The firm had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.29 billion. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. The company’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.58 earnings per share. On average, research analysts anticipate that Ryder System, Inc. will post 12.01 EPS for the current year.

Ryder System 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.