Hsbc Holdings PLC Sells 16,292 Shares of Ryder System, Inc. (NYSE:R)

Hsbc Holdings PLC decreased its stake in shares of Ryder System, Inc. (NYSE:R) by 24.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 49,159 shares of the transportation company’s stock after selling 16,292 shares during the period. Hsbc Holdings PLC owned 0.11% of Ryder System worth $6,165,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in shares of Ryder System by 34.9% during the fourth quarter. Wellington Management Group LLP now owns 3,442,545 shares of the transportation company’s stock worth $396,099,000 after buying an additional 890,986 shares in the last quarter. Sei Investments Co. boosted its holdings in Ryder System by 29.1% in the 4th quarter. Sei Investments Co. now owns 756,302 shares of the transportation company’s stock valued at $87,024,000 after purchasing an additional 170,650 shares during the period. Vanguard Group Inc. grew its position in shares of Ryder System by 2.1% during 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 in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of Ryder System by 242.5% during the first 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 period. Finally, Victory Capital Management Inc. raised its position in shares of Ryder System by 13.5% in the second quarter. Victory Capital Management Inc. now owns 460,134 shares of the transportation company’s stock valued at $57,001,000 after buying an additional 54,605 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on R shares. JPMorgan Chase & Co. dropped their price target on Ryder System from $126.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Stephens started coverage on shares of Ryder System in a research report on Monday, July 8th. They set an “equal weight” rating on the stock. Robert W. Baird lifted their price objective on shares of Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Vertical Research upgraded Ryder System from a “hold” rating to a “buy” rating and upped their target price for the stock from $125.00 to $145.00 in a research note on Friday, June 14th. Finally, StockNews.com lowered Ryder System from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 12th. 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 has a consensus rating of “Moderate Buy” and a consensus target price of $137.86.

Insider Buying and Selling at Ryder System

In related news, EVP Francisco Jr. Lopez sold 12,730 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was 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 directly owns 47,779 shares of the company’s stock, valued at approximately $6,656,570.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 5.10% of the company’s stock.

Ryder System Stock Performance

Shares of R stock opened at $147.26 on Tuesday. The stock has a market capitalization of $6.45 billion, a PE ratio of 19.17 and a beta of 1.28. The business’s 50 day simple moving average is $137.01 and its 200 day simple moving average is $126.07. 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, Inc. has a one year low of $91.31 and a one year high of $148.10.

Ryder System (NYSE:R) last issued its quarterly earnings results on Thursday, July 25th. The transportation company reported $3.00 EPS for the quarter, beating analysts’ consensus estimates of $2.87 by $0.13. Ryder System had a net margin of 4.06% and a return on equity of 17.22%. The business had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.24 billion. During the same quarter in the prior year, the firm posted $3.61 earnings per share. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. As a group, research analysts forecast that Ryder System, Inc. will post 12.19 earnings per share for the current year.

Ryder System Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Monday, August 19th were issued a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 2.20%. This is a boost from Ryder System’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend was Monday, August 19th. Ryder System’s dividend payout ratio (DPR) is presently 42.19%.

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.