Ryder System, Inc. (NYSE:R) Holdings Cut by Hsbc Holdings PLC

Hsbc Holdings PLC lessened its holdings in shares of Ryder System, Inc. (NYSE:R - Free Report) by 22.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,850 shares of the transportation company's stock after selling 10,086 shares during the period. Hsbc Holdings PLC owned 0.08% of Ryder System worth $5,629,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sanctuary Advisors LLC increased its holdings in shares of Ryder System by 0.9% in the 4th quarter. Sanctuary Advisors LLC now owns 7,894 shares of the transportation company's stock worth $1,282,000 after acquiring an additional 68 shares during the period. Savant Capital LLC increased its stake in shares of Ryder System by 3.6% in the fourth quarter. Savant Capital LLC now owns 2,438 shares of the transportation company's stock valued at $382,000 after purchasing an additional 84 shares during the period. Principal Securities Inc. increased its stake in shares of Ryder System by 36.5% in the fourth quarter. Principal Securities Inc. now owns 344 shares of the transportation company's stock valued at $54,000 after purchasing an additional 92 shares during the period. UMB Bank n.a. raised its holdings in shares of Ryder System by 36.6% during the fourth quarter. UMB Bank n.a. now owns 362 shares of the transportation company's stock valued at $57,000 after buying an additional 97 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its position in shares of Ryder System by 1.3% during the fourth quarter. Handelsbanken Fonder AB now owns 7,726 shares of the transportation company's stock worth $1,212,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 87.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. StockNews.com downgraded Ryder System from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Stephens cut 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 research note on Friday, April 25th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Ryder System from $174.00 to $165.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Ryder System has a consensus rating of "Moderate Buy" and a consensus target price of $160.50.

Ryder System Price Performance

R stock traded up $5.92 during trading hours on Friday, hitting $144.82. 288,039 shares of the stock traded hands, compared to its average volume of 310,488. The stock has a 50-day simple moving average of $142.95 and a 200 day simple moving average of $153.90. The company has a market cap of $5.99 billion, a P/E ratio of 13.06 and a beta of 0.94. Ryder System, Inc. has a one year low of $116.58 and a one year high of $171.78. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14.

Ryder System (NYSE:R - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.06. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. The company had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same quarter last year, the firm posted $2.14 EPS. The business's revenue for the quarter was up 1.1% on a year-over-year basis. Equities analysts forecast that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th were given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date was Tuesday, February 18th. Ryder System's dividend payout ratio (DPR) is presently 28.25%.

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.