Hsbc Holdings PLC Sells 29,237 Shares of Ryder System, Inc. $R

Hsbc Holdings PLC decreased its stake in shares of Ryder System, Inc. (NYSE:R) by 38.8% during the 4th quarter, Holdings Channel reports. The firm owned 46,120 shares of the transportation company’s stock after selling 29,237 shares during the period. Hsbc Holdings PLC’s holdings in Ryder System were worth $8,840,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Los Angeles Capital Management LLC bought a new position in shares of Ryder System in the fourth quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Ryder System during the fourth quarter worth $34,000. Optima Capital LLC bought a new stake in Ryder System during the fourth quarter worth $39,000. Geneos Wealth Management Inc. raised its position in 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 acquiring an additional 109 shares in the last quarter. Finally, Clearstead Advisors LLC lifted its stake in Ryder System by 53.8% in the fourth quarter. Clearstead Advisors LLC now owns 260 shares of the transportation company’s stock valued at $50,000 after acquiring an additional 91 shares during the last quarter. Institutional investors own 87.47% of the company’s stock.

Ryder System Trading Down 0.2%

Shares of Ryder System stock opened at $265.49 on Thursday. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.68 and a quick ratio of 0.68. The business has a fifty day simple moving average of $254.69 and a two-hundred day simple moving average of $222.88. Ryder System, Inc. has a 1 year low of $157.67 and a 1 year high of $284.25. The company has a market capitalization of $10.27 billion, a price-to-earnings ratio of 22.07 and a beta of 1.01.

Ryder System (NYSE:R) last released its quarterly earnings data on Thursday, April 23rd. The transportation company reported $2.54 EPS for the quarter, beating the consensus estimate of $2.29 by $0.25. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $3.11 billion. Ryder System had a net margin of 3.91% and a return on equity of 17.75%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the company earned $2.46 earnings per share. Ryder System has set its FY 2026 guidance at 14.050-14.80 EPS and its Q2 2026 guidance at 3.500-3.75 EPS. Research analysts forecast that Ryder System, Inc. will post 14.82 EPS for the current year.

Ryder System Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Monday, May 18th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Monday, May 18th. Ryder System’s dividend payout ratio is currently 30.26%.

Insider Activity

In other Ryder System news, SVP Sanford J. Hodes sold 595 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $251.95, for a total transaction of $149,910.25. Following the completion of the sale, the senior vice president directly owned 22,948 shares in the company, valued at $5,781,748.60. This trade represents a 2.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Luis P. Nieto, Jr. sold 720 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $235.79, for a total value of $169,768.80. Following the sale, the director owned 29,974 shares of the company’s stock, valued at approximately $7,067,569.46. This represents a 2.35% decrease in their position. The disclosure for this sale is available in the SEC filing. 4.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

R has been the subject of a number of analyst reports. Wall Street Zen raised shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Saturday, April 25th. JPMorgan Chase & Co. upped their target price on shares of Ryder System from $203.00 to $250.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Wells Fargo & Company raised their target price on shares of Ryder System from $260.00 to $290.00 and gave the company an “overweight” rating in a research note on Friday, June 5th. Robert W. Baird lifted their price target on Ryder System from $253.00 to $290.00 and gave the stock an “outperform” rating in a report on Wednesday, June 17th. Finally, Morgan Stanley boosted their price target on Ryder System from $263.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $264.50.

Ryder System 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.