First Hawaiian Bank Cuts Stake in Ryder System, Inc. $R

Key Points

• First Hawaiian Bank has reduced its stake in Ryder System, Inc. by 40.2%, now holding 5,413 shares valued at approximately $778,000.
• Multiple institutional investors are actively trading Ryder System, with Wellington Management increasing its stake by 16.2% and GAMMA Investing LLC boosting its stake by an astonishing 20,298.3%.
• Ryder System recently announced a quarterly dividend increase to $0.91 per share, resulting in an annualized dividend yield of 1.9%.

First Hawaiian Bank reduced its position in Ryder System, Inc. (NYSE:R - Free Report) by 40.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 5,413 shares of the transportation company's stock after selling 3,634 shares during the period. First Hawaiian Bank's holdings in Ryder System were worth $778,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in R. Wellington Management Group LLP raised its stake in Ryder System by 16.2% in the 1st quarter. Wellington Management Group LLP now owns 2,984,836 shares of the transportation company's stock valued at $429,249,000 after acquiring an additional 415,103 shares during the period. GAMMA Investing LLC raised its stake in Ryder System by 20,298.3% in the 1st quarter. GAMMA Investing LLC now owns 183,789 shares of the transportation company's stock valued at $26,431,000 after acquiring an additional 182,888 shares during the period. Nuveen LLC bought a new stake in Ryder System in the 1st quarter valued at about $18,204,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Ryder System in the 4th quarter valued at about $16,317,000. Finally, Allianz Asset Management GmbH raised its stake in Ryder System by 29.0% in the 1st quarter. Allianz Asset Management GmbH now owns 304,195 shares of the transportation company's stock valued at $43,746,000 after acquiring an additional 68,316 shares during the period. 87.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on R. Morgan Stanley boosted their price objective on Ryder System from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Robert W. Baird upped their price target on Ryder System from $186.00 to $192.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Susquehanna began coverage on Ryder System in a research report on Tuesday, July 15th. They set a "positive" rating and a $215.00 price target on the stock. Barclays began coverage on Ryder System in a research report on Monday, June 9th. They set an "overweight" rating and a $190.00 price target on the stock. Finally, Stephens upped their price target on Ryder System from $150.00 to $190.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Ryder System presently has a consensus rating of "Moderate Buy" and an average target price of $186.50.

Ryder System Stock Down 1.1%

Shares of NYSE R opened at $187.52 on Monday. Ryder System, Inc. has a 12 month low of $125.54 and a 12 month high of $191.00. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.27. The firm has a market capitalization of $7.65 billion, a price-to-earnings ratio of 15.95 and a beta of 0.98. The business has a 50-day moving average of $179.70 and a 200-day moving average of $158.84.

Ryder System (NYSE:R - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The transportation company reported $3.32 EPS for the quarter, topping the consensus estimate of $3.11 by $0.21. Ryder System had a return on equity of 17.83% and a net margin of 3.99%.The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same quarter in the previous year, the firm earned $3.00 earnings per share. Ryder System's revenue was up .2% on a year-over-year basis. Ryder System has set its Q3 2025 guidance at 3.450-3.650 EPS. FY 2025 guidance at 12.850-13.300 EPS. Sell-side analysts expect that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Monday, August 18th will be paid a $0.91 dividend. This is an increase from Ryder System's previous quarterly dividend of $0.81. This represents a $3.64 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, August 18th. Ryder System's payout ratio is currently 30.95%.

Insiders Place Their Bets

In other Ryder System news, CFO Cristina Gallo-Aquino sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $180.87, for a total value of $180,870.00. Following the completion of the sale, the chief financial officer owned 26,561 shares of the company's stock, valued at $4,804,088.07. This represents a 3.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director E Follin Smith sold 5,523 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $177.66, for a total value of $981,216.18. Following the completion of the sale, the director directly owned 33,779 shares of the company's stock, valued at approximately $6,001,177.14. This represents a 14.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,618 shares of company stock valued at $7,587,997 over the last 90 days. Company insiders own 5.20% of the company's stock.

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.

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