Ryder System (NYSE:R) PT Lowered to $125.00 at JPMorgan Chase & Co.

Ryder System (NYSE:R) had its price target decreased by JPMorgan Chase & Co. from $126.00 to $125.00 in a report published on Tuesday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the transportation company’s stock.

A number of other equities research analysts also recently weighed in on R. The Goldman Sachs Group lifted their target price on Ryder System from $122.00 to $135.00 and gave the stock a buy rating in a research report on Wednesday, April 24th. Morgan Stanley started coverage on Ryder System in a research report on Monday, June 24th. They set an overweight rating and a $165.00 target price on the stock. StockNews.com raised Ryder System from a buy rating to a strong-buy rating in a research report on Thursday, July 4th. Stephens started coverage on Ryder System in a research report on Monday. They set an equal weight rating on the stock. Finally, Vertical Research raised Ryder System from a hold rating to a buy rating and lifted their target price for the stock from $125.00 to $145.00 in a research report on Friday, June 14th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Ryder System presently has a consensus rating of Moderate Buy and a consensus target price of $135.71.

Ryder System Trading Up 4.0 %

Shares of NYSE:R opened at $124.92 on Tuesday. The company has a market cap of $5.48 billion, a P/E ratio of 16.27 and a beta of 1.29. The stock’s 50-day moving average is $122.45 and its 200-day moving average is $117.55. Ryder System has a 52-week low of $85.15 and a 52-week high of $128.85. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.82 and a current ratio of 0.82.

Ryder System (NYSE:R) last issued its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.43. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.06 billion. Ryder System had a return on equity of 18.38% and a net margin of 2.95%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the business posted $2.81 earnings per share. Equities research analysts predict that Ryder System will post 12.27 earnings per share for the current year.

Ryder System Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Monday, May 20th were issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend was Friday, May 17th. Ryder System’s payout ratio is 36.98%.

Insider Buying and Selling at Ryder System

In other Ryder System news, CEO Robert E. Sanchez sold 18,303 shares of Ryder System stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $126.20, for a total transaction of $2,309,838.60. Following the sale, the chief executive officer now directly owns 125,969 shares of the company’s stock, valued at $15,897,287.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Sanford J. Hodes sold 3,360 shares of Ryder System stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $125.59, for a total value of $421,982.40. Following the completion of the transaction, the senior vice president now owns 24,119 shares in the company, valued at $3,029,105.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert E. Sanchez sold 18,303 shares of Ryder System stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $126.20, for a total transaction of $2,309,838.60. Following the completion of the transaction, the chief executive officer now owns 125,969 shares of the company’s stock, valued at approximately $15,897,287.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 95,800 shares of company stock valued at $11,990,862. 5.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of R. Wellington Management Group LLP raised its position in Ryder System by 1,051.0% in the 3rd quarter. Wellington Management Group LLP now owns 2,551,559 shares of the transportation company’s stock worth $272,889,000 after purchasing an additional 2,329,880 shares during the last quarter. Norges Bank bought a new position in Ryder System in the 4th quarter worth approximately $86,647,000. Sei Investments Co. raised its position in Ryder System by 29.1% in the 4th quarter. Sei Investments Co. now owns 756,302 shares of the transportation company’s stock worth $87,024,000 after purchasing an additional 170,650 shares during the last quarter. Vanguard Group Inc. raised its position in Ryder System by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 5,223,396 shares of the transportation company’s stock worth $627,800,000 after purchasing an additional 109,930 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in Ryder System by 242.5% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 92,666 shares of the transportation company’s stock worth $11,138,000 after purchasing an additional 65,609 shares during the last quarter. 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.