JPMorgan Chase & Co. Raises Stock Position in Ryder System, Inc. (NYSE:R)

JPMorgan Chase & Co. lifted its holdings in Ryder System, Inc. (NYSE:R - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 149,415 shares of the transportation company's stock after acquiring an additional 4,062 shares during the period. JPMorgan Chase & Co. owned 0.35% of Ryder System worth $23,437,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. HighTower Advisors LLC increased its position in Ryder System by 4.7% in the third quarter. HighTower Advisors LLC now owns 7,537 shares of the transportation company's stock worth $1,089,000 after purchasing an additional 339 shares during the last quarter. Stifel Financial Corp boosted its position in shares of Ryder System by 4.5% during the third quarter. Stifel Financial Corp now owns 28,552 shares of the transportation company's stock valued at $4,163,000 after buying an additional 1,219 shares during the period. Kovitz Investment Group Partners LLC grew its stake in shares of Ryder System by 376.5% during the third quarter. Kovitz Investment Group Partners LLC now owns 9,764 shares of the transportation company's stock valued at $1,405,000 after buying an additional 7,715 shares during the last quarter. MML Investors Services LLC raised its holdings in shares of Ryder System by 4.7% in the third quarter. MML Investors Services LLC now owns 2,078 shares of the transportation company's stock worth $303,000 after buying an additional 94 shares during the period. Finally, Barclays PLC lifted its stake in shares of Ryder System by 13.1% during the 3rd quarter. Barclays PLC now owns 28,780 shares of the transportation company's stock worth $4,196,000 after acquiring an additional 3,344 shares during the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of analysts have weighed in on R shares. StockNews.com lowered Ryder System from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. JPMorgan Chase & Co. reduced their price target on shares of Ryder System from $176.00 to $174.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Ryder System currently has a consensus rating of "Moderate Buy" and an average target price of $157.00.

Ryder System Stock Up 0.9 %

Shares of R traded up $1.29 during midday trading on Tuesday, reaching $142.17. 37,024 shares of the stock were exchanged, compared to its average volume of 385,354. The company has a market capitalization of $5.93 billion, a P/E ratio of 12.84 and a beta of 1.10. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. Ryder System, Inc. has a 52 week low of $106.88 and a 52 week high of $171.78. The company's 50 day moving average is $149.75 and its two-hundred day moving average is $154.76.

Ryder System (NYSE:R - Get Free Report) last issued its earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.39 by $0.06. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. On average, sell-side analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.81 per share. The ex-dividend date was Tuesday, February 18th. This represents a $3.24 dividend on an annualized basis and a yield of 2.28%. Ryder System's dividend payout ratio is currently 29.22%.

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.