Hsbc Holdings PLC Trims Stock Holdings in Ryder System, Inc. $R

Hsbc Holdings PLC decreased its holdings in shares of Ryder System, Inc. (NYSE:R) by 38.8% during the fourth quarter, HoldingsChannel reports. The fund owned 46,120 shares of the transportation company’s stock after selling 29,237 shares during the quarter. Hsbc Holdings PLC’s holdings in Ryder System were worth $8,840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Los Angeles Capital Management LLC bought a new stake in shares of Ryder System during the 4th quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Ryder System in the 4th quarter worth about $34,000. Optima Capital LLC bought a new position in Ryder System in the 4th quarter worth about $39,000. Geneos Wealth Management Inc. grew its holdings in Ryder System by 61.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company’s stock valued at $41,000 after buying an additional 109 shares in the last quarter. Finally, MAI Capital Management increased its position in shares of Ryder System by 43.5% during the third quarter. MAI Capital Management now owns 267 shares of the transportation company’s stock valued at $50,000 after buying an additional 81 shares during the period. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Ryder System Stock Performance

Ryder System stock opened at $260.54 on Friday. The firm’s fifty day moving average price is $250.14 and its 200-day moving average price is $218.57. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a market cap of $10.08 billion, a P/E ratio of 21.66 and a beta of 1.01. Ryder System, Inc. has a fifty-two week low of $157.67 and a fifty-two week high of $284.25.

Ryder System (NYSE:R) last announced its earnings results on Thursday, April 23rd. The transportation company reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.25. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $3.11 billion. Ryder System had a net margin of 3.91% and a return on equity of 17.75%. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the business 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. On average, equities research analysts expect that Ryder System, Inc. will post 14.82 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Monday, May 18th were given a $0.91 dividend. The ex-dividend date was Monday, May 18th. This represents a $3.64 dividend on an annualized basis and a yield of 1.4%. Ryder System’s payout ratio is presently 30.26%.

Analysts Set New Price Targets

R has been the subject of several recent analyst reports. Wells Fargo & Company boosted their price objective 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 increased their target price on shares of Ryder System from $253.00 to $290.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 17th. Barclays boosted their price target on shares of Ryder System from $250.00 to $290.00 and gave the company an “overweight” rating in a research report on Friday. JPMorgan Chase & Co. upped their price target on shares of Ryder System from $203.00 to $250.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Ryder System in a research report on Wednesday, May 27th. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Ryder System currently has a consensus rating of “Moderate Buy” and a consensus target price of $249.44.

Insider Activity at Ryder System

In related news, Director Luis P. Nieto, Jr. sold 720 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $235.79, for a total transaction of $169,768.80. Following the transaction, the director owned 29,974 shares of the company’s stock, valued at approximately $7,067,569.46. This trade represents a 2.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Sanford J. Hodes sold 595 shares of Ryder System stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $251.95, for a total value of $149,910.25. Following the completion of the transaction, the senior vice president owned 22,948 shares in the company, valued at approximately $5,781,748.60. This represents a 2.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 4.90% of the stock is owned by corporate insiders.

About Ryder System

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.