Ryder System (NYSE:R) Given New $144.00 Price Target at JPMorgan Chase & Co.

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

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

Ryder System Stock Up 0.6 %

R stock opened at $139.76 on Friday. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.74 and a quick ratio of 0.74. Ryder System has a 12 month low of $91.31 and a 12 month high of $154.76. The firm has a market capitalization of $6.13 billion, a PE ratio of 18.20 and a beta of 1.28. The company’s 50 day simple moving average is $142.94 and its 200-day simple moving average is $131.12.

Ryder System (NYSE:R) last released its quarterly earnings results on Thursday, October 24th. The transportation company reported $3.44 earnings per share for the quarter, topping the consensus estimate of $3.39 by $0.05. Ryder System had a return on equity of 17.22% and a net margin of 4.06%. The company had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter last year, the business posted $3.58 earnings per share. Ryder System’s revenue was up 8.3% compared to the same quarter last year. Equities analysts expect that Ryder System will post 12.2 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors 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 yield of 2.32%. The ex-dividend date is Monday, November 18th. Ryder System’s dividend payout ratio (DPR) is 42.19%.

Insiders Place Their Bets

In other 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 completion of the sale, the executive vice president now directly owns 47,779 shares of the company’s stock, valued at $6,656,570.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ryder System

Institutional investors and hedge funds have recently modified their holdings of the stock. EntryPoint Capital LLC acquired a new stake in shares of Ryder System during the first quarter valued at about $25,000. Wolff Wiese Magana LLC purchased a new position in shares of Ryder System during the 3rd quarter valued at approximately $28,000. Altshuler Shaham Ltd acquired a new stake in shares of Ryder System during the second quarter worth approximately $29,000. UMB Bank n.a. raised its stake in Ryder System by 43.2% during the third 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 in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Ryder System during the second quarter worth $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.