JPMorgan Chase & Co. Has $31.16 Million Stake in Ryder System, Inc. $R

JPMorgan Chase & Co. lowered its position in shares of Ryder System, Inc. (NYSE:R) by 11.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 165,183 shares of the transportation company’s stock after selling 20,669 shares during the period. JPMorgan Chase & Co. owned 0.41% of Ryder System worth $31,160,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada increased its position in Ryder System by 52.8% during the 1st quarter. Royal Bank of Canada now owns 15,765 shares of the transportation company’s stock worth $2,267,000 after buying an additional 5,448 shares during the period. Focus Partners Wealth increased its position in Ryder System by 7.9% during the first quarter. Focus Partners Wealth now owns 1,851 shares of the transportation company’s stock worth $266,000 after acquiring an additional 135 shares during the period. Geneos Wealth Management Inc. raised its stake in Ryder System by 61.2% in the 1st 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. Envestnet Asset Management Inc. raised its stake in Ryder System by 1.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 79,453 shares of the transportation company’s stock worth $12,633,000 after purchasing an additional 1,320 shares in the last quarter. Finally, New York Life Investment Management LLC bought a new stake in Ryder System in the 2nd quarter valued at about $684,000. 87.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on R shares. Susquehanna lifted their price target on shares of Ryder System from $235.00 to $250.00 and gave the company a “positive” rating in a research report on Friday, February 13th. Wells Fargo & Company lifted their price objective on Ryder System from $210.00 to $236.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Ryder System in a report on Thursday, January 22nd. Morgan Stanley boosted their price target on Ryder System from $190.00 to $250.00 and gave the company an “overweight” rating in a research note on Monday, December 8th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Ryder System in a research note on Thursday, January 8th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $215.44.

Insider Transactions at Ryder System

In other news, CEO Robert E. Sanchez sold 41,779 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $223.30, for a total value of $9,329,250.70. Following the completion of the transaction, the chief executive officer owned 40,828 shares of the company’s stock, valued at $9,116,892.40. This represents a 50.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director E Follin Smith sold 32,230 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $207.61, for a total transaction of $6,691,270.30. Following the completion of the transaction, the director owned 1,549 shares of the company’s stock, valued at approximately $321,587.89. This trade represents a 95.41% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 130,673 shares of company stock valued at $28,233,471. 5.20% of the stock is currently owned by corporate insiders.

Ryder System Trading Down 0.9%

Shares of Ryder System stock opened at $221.18 on Friday. The firm’s 50 day moving average is $201.88 and its 200 day moving average is $188.07. The firm has a market capitalization of $8.72 billion, a PE ratio of 18.48 and a beta of 0.96. Ryder System, Inc. has a 1 year low of $125.54 and a 1 year high of $230.38. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 2.24.

Ryder System (NYSE:R) last issued its earnings results on Wednesday, February 11th. The transportation company reported $3.59 earnings per share for the quarter, missing analysts’ consensus estimates of $3.66 by ($0.07). The company had revenue of $2.60 billion during the quarter, compared to analyst estimates of $3.21 billion. Ryder System had a net margin of 3.95% and a return on equity of 17.70%. The business’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.45 EPS. Ryder System has set its FY 2026 guidance at 13.450-14.450 EPS and its Q1 2026 guidance at 2.100-2.350 EPS. Equities research analysts forecast that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Tuesday, February 17th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, February 17th. Ryder System’s dividend payout ratio is presently 30.41%.

Ryder System Company Profile

Ryder System, Inc is a leading provider of transportation and supply chain management solutions, serving commercial customers across a range of industries. The company’s Fleet Management Solutions segment offers full-service leasing and rental of medium- and heavy-duty trucks, tractors and trailers, along with maintenance and repair services at its network of service locations. Its Supply Chain Solutions segment provides integrated, technology-driven offerings that span managed transportation, dedicated contract carriage, warehousing and distribution, and e-commerce fulfillment.

Founded in 1933 and headquartered in Miami, Florida, Ryder has grown from a regional truck leasing operation into a diversified, global logistics provider.