Ryder System (NYSE:R) PT Lowered to $144.00 at JPMorgan Chase & Co.

Ryder System (NYSE:R) had its price target reduced by JPMorgan Chase & Co. from $148.00 to $144.00 in a research report sent to investors on Friday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the transportation company’s stock.

Other equities research analysts also recently issued reports about the company. Stephens initiated coverage on Ryder System in a research report on Monday, July 8th. They issued an “equal weight” rating on the stock. StockNews.com raised Ryder System from a “hold” rating to a “buy” rating in a report on Monday, October 21st. Finally, Robert W. Baird raised their target price on shares of Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $140.57.

Ryder System Trading Up 3.3 %

Shares of R opened at $144.39 on Friday. The firm has a market cap of $6.33 billion, a P/E ratio of 18.80 and a beta of 1.28. 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 has a 1 year low of $92.76 and a 1 year high of $154.76. The company has a 50 day simple moving average of $143.07 and a two-hundred day simple moving average of $131.32.

Ryder System (NYSE:R) last posted its 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 company 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%. Ryder System’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the company posted $3.58 earnings per share. On average, equities analysts expect that Ryder System will post 12.06 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, November 18th will be given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Monday, November 18th. Ryder System’s dividend payout ratio is currently 42.19%.

Insider Buying and Selling

In other Ryder System news, EVP Francisco Jr. Lopez sold 12,730 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $139.32, for a total transaction of $1,773,543.60. Following the transaction, the executive vice president now owns 47,779 shares in the company, valued at $6,656,570.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. EntryPoint Capital LLC bought a new stake in shares of Ryder System during the first quarter worth $25,000. Wolff Wiese Magana LLC bought a new stake in Ryder System during the 3rd quarter valued at about $28,000. Altshuler Shaham Ltd purchased a new stake in Ryder System in the 2nd quarter valued at about $29,000. 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 worth $39,000 after acquiring an additional 80 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Ryder System during the second quarter worth approximately $51,000. Hedge funds and other institutional investors own 87.47% of the company’s stock.

About Ryder System

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.