JPMorgan Chase & Co. Has $21.19 Million Stock Holdings in Ryder System, Inc. (NYSE:R)

JPMorgan Chase & Co. increased its position in shares of Ryder System, Inc. (NYSE:R) by 7.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm 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 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in R. Kovitz Investment Group Partners LLC increased its position 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 worth $1,405,000 after acquiring an additional 7,715 shares in the last quarter. Franklin Resources Inc. boosted its stake in Ryder System by 14.3% during the 3rd quarter. Franklin Resources Inc. now owns 136,781 shares of the transportation company’s stock valued at $20,724,000 after purchasing an additional 17,074 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in Ryder System by 83.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 9,260 shares of the transportation company’s stock worth $1,350,000 after purchasing an additional 4,200 shares in the last quarter. Algert Global LLC raised its stake in shares of Ryder System by 43.5% in the third quarter. Algert Global LLC now owns 25,547 shares of the transportation company’s stock worth $3,725,000 after purchasing an additional 7,750 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of Ryder System by 13.1% in the third quarter. Barclays PLC now owns 28,780 shares of the transportation company’s stock valued at $4,196,000 after purchasing an additional 3,344 shares in the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Ryder System

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 20,504 shares of the company’s stock, valued at $3,228,149.76. This represents a 16.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 5.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on R. JPMorgan Chase & Co. cut their target price on Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. The Goldman Sachs Group boosted their price objective 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 downgraded Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $147.43.

Ryder System Stock Up 0.7 %

R opened at $158.42 on Thursday. The business’s fifty day simple moving average is $161.07 and its 200 day simple moving average is $145.69. Ryder System, Inc. has a 52 week low of $106.62 and a 52 week high of $171.78. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.17. The stock has a market cap of $6.70 billion, a PE ratio of 14.82 and a beta of 1.31.

Ryder System (NYSE:R) last issued its quarterly earnings results on Thursday, October 24th. The transportation company reported $3.44 EPS for the quarter, beating analysts’ consensus estimates of $3.39 by $0.05. The business had revenue of $3.17 billion for 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 quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the business earned $3.58 earnings per share. As a group, research analysts expect that Ryder System, Inc. will post 12.01 earnings per share for the current fiscal 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.