First Hawaiian Bank Has $778,000 Stock Holdings in Ryder System, Inc. (NYSE:R)

First Hawaiian Bank cut its holdings in shares of Ryder System, Inc. (NYSE:R - Free Report) by 40.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barclays PLC lifted its holdings in Ryder System by 13.1% during the 3rd quarter. Barclays PLC now owns 28,780 shares of the transportation company's stock worth $4,196,000 after buying an additional 3,344 shares during the last quarter. KBC Group NV raised its holdings in shares of Ryder System by 59.9% in the fourth quarter. KBC Group NV now owns 1,970 shares of the transportation company's stock valued at $309,000 after buying an additional 738 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Ryder System by 17.5% in the fourth quarter. Pacer Advisors Inc. now owns 10,338 shares of the transportation company's stock valued at $1,622,000 after purchasing an additional 1,543 shares during the period. R Squared Ltd purchased a new position in Ryder System during the 4th quarter worth $45,000. Finally, Great Diamond Partners LLC purchased a new stake in Ryder System in the 4th quarter valued at approximately $584,000. 87.47% of the stock is owned by institutional investors and hedge funds.

Ryder System Price Performance

Ryder System stock traded down $0.03 during midday trading on Wednesday, reaching $150.32. 56,984 shares of the company were exchanged, compared to its average volume of 323,837. Ryder System, Inc. has a 1 year low of $116.58 and a 1 year high of $171.78. The company has a market capitalization of $6.21 billion, a price-to-earnings ratio of 13.55 and a beta of 0.94. The firm's 50-day simple moving average is $144.19 and its 200-day simple moving average is $153.61. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75.

Ryder System (NYSE:R - Get Free Report) last released its earnings results on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.06. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. The firm had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the prior year, the business posted $2.14 earnings per share. The firm's revenue for the quarter was up 1.1% compared to the same quarter last year. On average, analysts anticipate that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, May 19th will be given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Monday, May 19th. Ryder System's dividend payout ratio (DPR) is presently 28.25%.

Insiders Place Their Bets

In other Ryder System news, Director E Follin Smith sold 1,243 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $144.38, for a total value of $179,464.34. Following the completion of the transaction, the director now owns 39,802 shares in the company, valued at $5,746,612.76. This represents a 3.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert E. Sanchez sold 18,496 shares of Ryder System stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $155.73, for a total transaction of $2,880,382.08. Following the sale, the chief executive officer now owns 40,824 shares in the company, valued at $6,357,521.52. This represents a 31.18% decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on R shares. Wall Street Zen cut Ryder System from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. JPMorgan Chase & Co. cut their price target on shares of Ryder System from $174.00 to $165.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Finally, Stephens decreased their price objective on shares of Ryder System from $168.00 to $150.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $160.50.

About Ryder System

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.