BNP Paribas Financial Markets Decreases Holdings in Ryder System, Inc. $R

Key Points

• BNP Paribas Financial Markets cut its stake in Ryder System by 10.1% in the fourth quarter, selling 19,982 shares and ending with 176,986 shares valued at about $33.9 million.
• Ryder reported mixed quarterly results: EPS of $2.54 beat estimates, but revenue of $2.57 billion missed expectations and was down slightly year over year.
• The company remains shareholder-friendly with a quarterly dividend of $0.91 per share and a 1.4% annualized yield, while analysts currently rate the stock a “Moderate Buy” with an average target price of $234.89.

BNP Paribas Financial Markets decreased its position in shares of Ryder System, Inc. (NYSE:R - Free Report) by 10.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 176,986 shares of the transportation company's stock after selling 19,982 shares during the period. BNP Paribas Financial Markets owned 0.44% of Ryder System worth $33,873,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp lifted its position in Ryder System by 0.4% during the second quarter. State Street Corp now owns 1,995,292 shares of the transportation company's stock valued at $317,251,000 after acquiring an additional 7,447 shares during the last quarter. Orbis Allan Gray Ltd lifted its position in Ryder System by 15.4% during the second quarter. Orbis Allan Gray Ltd now owns 1,005,382 shares of the transportation company's stock valued at $159,856,000 after acquiring an additional 134,423 shares during the last quarter. Bank of America Corp DE lifted its position in Ryder System by 6.7% during the second quarter. Bank of America Corp DE now owns 988,117 shares of the transportation company's stock valued at $157,111,000 after acquiring an additional 62,313 shares during the last quarter. Sei Investments Co. lifted its position in Ryder System by 3.5% during the third quarter. Sei Investments Co. now owns 883,338 shares of the transportation company's stock valued at $166,633,000 after acquiring an additional 30,144 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in Ryder System by 1.1% during the third quarter. American Century Companies Inc. now owns 867,658 shares of the transportation company's stock valued at $163,675,000 after acquiring an additional 9,404 shares during the last quarter. Hedge funds and other institutional investors own 87.47% of the company's stock.

Ryder System Stock Up 1.1%

R stock opened at $260.77 on Thursday. The firm has a market cap of $10.09 billion, a PE ratio of 21.68 and a beta of 1.01. 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 firm's fifty day moving average is $229.73 and its 200 day moving average is $207.24. Ryder System, Inc. has a one year low of $146.74 and a one year high of $261.09.

Ryder System (NYSE:R - Get Free Report) last released its quarterly earnings results 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 company had revenue of $2.57 billion for 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 revenue was down .2% on a year-over-year basis. During the same quarter last 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, research analysts forecast that Ryder System, Inc. will post 14.82 EPS for the current year.

Ryder System Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Monday, May 18th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, May 18th. Ryder System's dividend payout ratio (DPR) is currently 30.26%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on R shares. JPMorgan Chase & Co. raised 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. Wells Fargo & Company raised their price target on shares of Ryder System from $210.00 to $236.00 and gave the stock an "overweight" rating in a report on Thursday, February 12th. Zacks Research raised shares of Ryder System from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 29th. Susquehanna raised their price target on shares of Ryder System from $235.00 to $250.00 and gave the stock a "positive" rating in a report on Friday, February 13th. Finally, Robert W. Baird raised their price target on shares of Ryder System from $202.00 to $253.00 and gave the stock an "outperform" rating in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three 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 target price of $234.89.

Insider Buying and Selling at Ryder System

In related news, Director Luis P. Nieto, Jr. sold 720 shares of the firm's 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 sale, the director owned 29,974 shares in the company, valued at approximately $7,067,569.46. This trade represents a 2.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Sanford J. Hodes sold 595 shares of the firm's stock in a transaction 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 sale, 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 currently owned by company insiders.

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.

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