JPMorgan Chase & Co. Purchases 37,960 Shares of Ryder System, Inc. $R

JPMorgan Chase & Co. grew its position in Ryder System, Inc. (NYSE:R) by 25.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 185,852 shares of the transportation company’s stock after purchasing an additional 37,960 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.46% of Ryder System worth $29,550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hantz Financial Services Inc. lifted its stake in shares of Ryder System by 770.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 174 shares of the transportation company’s stock valued at $28,000 after buying an additional 154 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Ryder System by 237.0% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 182 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 128 shares during the period. IFP Advisors Inc lifted its position in shares of Ryder System by 103.6% in the second quarter. IFP Advisors Inc now owns 224 shares of the transportation company’s stock valued at $36,000 after acquiring an additional 114 shares in the last quarter. Trust Co. of Toledo NA OH bought a new position in shares of Ryder System in the second quarter worth about $37,000. Finally, Geneos Wealth Management Inc. grew its position in shares of Ryder System by 61.2% during the first quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company’s stock worth $41,000 after purchasing an additional 109 shares in the last quarter. 87.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on R shares. Wall Street Zen raised Ryder System from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Barclays boosted their target price on shares of Ryder System from $190.00 to $220.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. JPMorgan Chase & Co. raised their target price on shares of Ryder System from $194.00 to $197.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ryder System in a research note on Wednesday, October 8th. Finally, Citigroup assumed coverage on Ryder System in a research report on Monday, September 22nd. They set a “buy” rating and a $217.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Ryder System has a consensus rating of “Moderate Buy” and a consensus price target of $195.89.

Ryder System Stock Performance

Shares of NYSE:R opened at $172.01 on Wednesday. The firm has a fifty day simple moving average of $175.75 and a two-hundred day simple moving average of $172.29. Ryder System, Inc. has a 52 week low of $125.54 and a 52 week high of $195.48. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.35. The stock has a market capitalization of $6.95 billion, a P/E ratio of 14.53 and a beta of 1.05.

Ryder System (NYSE:R) last announced its earnings results on Thursday, October 23rd. The transportation company reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.56 by $0.01. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $3.19 billion. Ryder System had a net margin of 3.96% and a return on equity of 17.69%. The business’s revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the company earned $3.44 EPS. Ryder System has set its Q4 2025 guidance at 3.500-3.700 EPS and its FY 2025 guidance at 12.850-13.050 EPS. On average, analysts expect that Ryder System, Inc. will post 13.68 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 19th. Stockholders of record on Monday, November 17th will be issued a $0.91 dividend. The ex-dividend date is Monday, November 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.1%. Ryder System’s payout ratio is 30.74%.

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.