JPMorgan Chase & Co. boosted its position in shares of Ryder System, Inc. (NYSE: R – Get Rating) by 21.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 170,020 shares of the transportation company stock after acquiring an additional 30,221 shares during the period. JPMorgan Chase & Co. owned 0.32% of Ryder System worth $ 14,016,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of the stock. Qube Research & Technologies Ltd purchased a new position in shares of Ryder System in the fourth quarter worth $ 2,401,000. Confluence Wealth Services Inc. purchased a new position in shares of Ryder System in the fourth quarter worth $ 39,000. Acadian Asset Management LLC raised its holdings in shares of Ryder System by 7.9% in the fourth quarter. Acadian Asset Management LLC now owns 159,590 shares of the transportation company stock worth $ 13,153,000 after buying an additional 11,696 shares during the last quarter. Nations Financial Group Inc. IA ADV purchased a new position in shares of Ryder System in the fourth quarter worth $ 1,348,000. Finally, WINTON GROUP Ltd purchased a new position in shares of Ryder System in the fourth quarter worth $ 1,150,000. 87.24% of the stock is owned by institutional investors.
In other Ryder System news, CMO Karen M. Jones sold 7,269 shares of Ryder System stock in a transaction dated Wednesday, May 4th. The shares were sold at an average price of $ 73.63, for a total transaction of $ 535,216.47. Following the transaction, the chief marketing officer now directly owns 6,963 shares of the company stock, valued at $ 512,685.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Luis P. Nieto, Jr. sold 2,220 shares of Ryder System stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $ 73.28, for a total transaction of $ 162,681.60. Following the sale, the director now owns 26,939 shares of the company stock, valued at $ 1,974,089.92. The disclosure for this sale can be found here. Company insiders own 3.50% of the company stock.
A number of analysts have recently weighed in on the stock. Wolfe Research lowered shares of Ryder System from a “peer perform” rating to an “underperform” rating in a research note on Tuesday, April 5th. StockNews.com lowered shares of Ryder System from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 4th. JPMorgan Chase & Co. cut their price objective on shares of Ryder System from $ 88.00 to $ 71.00 and set a “neutral” rating on the stock in a research note on Friday, April 8th. Stephens increased their price objective on shares of Ryder System from $ 92.00 to $ 94.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 17th. Finally, Wells Fargo & Company dropped their price target on shares of Ryder System from $ 90.00 to $ 88.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $ 87.83.
R opened at $ 80.44 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 1.97. The company has a market cap of $ 4.11 billion, a price-to-earnings ratio of 6.68 and a beta of 1.75. Ryder System, Inc. has a 52-week low of $ 61.71 and a 52-week high of $ 93.05. The firm’s fifty day simple moving average is $ 73.42 and its two-hundred day simple moving average is $ 77.20.
Ryder System (NYSE: R – Get Rating) last posted its quarterly earnings data on Wednesday, April 27th. The transportation company reported $ 3.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $ 2.38 by $ 1.21. The business had revenue of $ 2.85 billion for the quarter, compared to the estimate consensus of $ 2.57 billion. Ryder System had a net margin of 6.25% and a return on equity of 24.86%. The company revenue was up 28.4% compared to the same quarter last year. During the same period last year, the firm posted $ 1.09 earnings per share. On average, research analysts forecast that Ryder System, Inc. will post 13.99 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 17th. Stockholders of record on Monday, May 23rd will be paid a $ 0.58 dividend. This represents a $ 2.32 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Friday, May 20th. Ryder System’s dividend payout ratio is currently 19.27%.
About Ryder System: (Get Rating)
Ryder System, Inc operates as a logistics and transportation company worldwide. The company 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, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as fleet support services.
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