First Hawaiian Bank Sells 3,634 Shares of 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 lessened its stake in Ryder System, Inc. (NYSE:R - Free Report) by 40.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,413 shares of the transportation company's stock after selling 3,634 shares during the quarter. First Hawaiian Bank's holdings in Ryder System were worth $778,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of R. Deutsche Bank AG raised its holdings in shares of Ryder System by 1.6% in the 4th quarter. Deutsche Bank AG now owns 4,136 shares of the transportation company's stock worth $649,000 after purchasing an additional 65 shares during the period. Focus Partners Wealth bought a new stake in shares of Ryder System in the 4th quarter worth approximately $269,000. Group One Trading LLC raised its holdings in Ryder System by 553.0% during the 4th quarter. Group One Trading LLC now owns 653 shares of the transportation company's stock valued at $102,000 after acquiring an additional 553 shares during the period. Millennium Management LLC raised its holdings in Ryder System by 42.7% during the 4th quarter. Millennium Management LLC now owns 217,487 shares of the transportation company's stock valued at $34,115,000 after acquiring an additional 65,071 shares during the period. Finally, Nomura Holdings Inc. bought a new stake in Ryder System during the 4th quarter valued at $880,000. Institutional investors own 87.47% of the company's stock.

Insider Buying and Selling

In other Ryder System news, CFO Cristina Gallo-Aquino sold 1,000 shares of the company's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $180.87, for a total transaction of $180,870.00. Following the completion of the sale, the chief financial officer directly owned 26,561 shares in the company, valued at $4,804,088.07. This represents a 3.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Steve W. Martin sold 5,500 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $186.98, for a total transaction of $1,028,390.00. Following the sale, the executive vice president owned 24,235 shares of the company's stock, valued at approximately $4,531,460.30. This represents a 18.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,618 shares of company stock valued at $7,587,997 in the last three months. 5.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on R. Wolfe Research raised shares of Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 target price on the stock in a report on Tuesday, July 1st. Barclays began coverage on shares of Ryder System in a report on Monday, June 9th. They set an "overweight" rating and a $190.00 target price on the stock. Stephens boosted their target price on shares of Ryder System from $150.00 to $190.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. Baird R W raised shares of Ryder System to a "strong-buy" rating in a report on Tuesday, July 1st. Finally, JPMorgan Chase & Co. upped their price target on shares of Ryder System from $165.00 to $173.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $186.50.

Ryder System Price Performance

NYSE:R traded down $1.98 during midday trading on Friday, hitting $183.65. The company had a trading volume of 700,934 shares, compared to its average volume of 254,037. Ryder System, Inc. has a 52-week low of $125.54 and a 52-week high of $191.00. The stock's fifty day moving average price is $181.04 and its 200-day moving average price is $159.78. The company has a market capitalization of $7.49 billion, a PE ratio of 15.62 and a beta of 0.99. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 2.27.

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

Ryder System Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Monday, August 18th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.0%. This is a boost from Ryder System's previous quarterly dividend of $0.81. The ex-dividend date is Monday, August 18th. Ryder System's dividend payout ratio (DPR) is presently 30.95%.

Ryder System Company 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.