JPMorgan Chase & Co. Boosts Holdings in Ryder System, Inc. (NYSE:R)

JPMorgan Chase & Co. lifted its position in Ryder System, Inc. (NYSE:R - Free Report) by 7.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,353 shares of the transportation company's stock after buying an additional 10,446 shares during the quarter. JPMorgan Chase & Co. owned about 0.34% of Ryder System worth $21,192,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Wolff Wiese Magana LLC acquired a new stake in Ryder System during the 3rd quarter valued at $28,000. Altshuler Shaham Ltd acquired a new stake in shares of Ryder System during the 2nd quarter worth about $29,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Ryder System during the 3rd quarter worth about $34,000. UMB Bank n.a. grew its stake in Ryder System by 43.2% in the 3rd quarter. UMB Bank n.a. now owns 265 shares of the transportation company's stock valued at $39,000 after buying an additional 80 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in Ryder System in the 2nd quarter valued at about $51,000. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

R has been the topic of several research reports. StockNews.com downgraded shares of Ryder System from a "buy" rating to a "hold" rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. lowered their target price on shares of Ryder System from $148.00 to $144.00 and set a "neutral" rating on the stock in a report on Friday, October 25th. Finally, The Goldman Sachs Group lifted their price target on shares of Ryder System from $160.00 to $183.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $147.43.

Ryder System Stock Up 0.7 %

Shares of R traded up $1.06 during trading hours on Thursday, hitting $158.42. The stock had a trading volume of 216,065 shares, compared to its average volume of 231,353. The firm has a 50 day simple moving average of $161.32 and a 200-day simple moving average of $145.78. Ryder System, Inc. has a 1-year low of $106.62 and a 1-year high of $171.78. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a market capitalization of $6.70 billion, a P/E ratio of 14.82 and a beta of 1.31.

Ryder System (NYSE:R - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $3.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.39 by $0.05. The firm had revenue of $3.17 billion during the quarter, compared to analysts' expectations of $3.29 billion. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. The business's revenue was up 8.3% on a year-over-year basis. During the same period last year, the company earned $3.58 earnings per share. Sell-side analysts predict that Ryder System, Inc. will post 12.01 EPS for the current fiscal year.

Insider Activity

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total value of $629,760.00. Following the completion of the sale, the insider now directly owns 20,504 shares of the company's stock, valued at $3,228,149.76. This trade represents a 16.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 5.10% of the stock is currently owned by corporate insiders.

Ryder System Company 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.