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

BNP Paribas Financial Markets trimmed its stake in shares of Ryder System, Inc. (NYSE:R) by 10.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 176,986 shares of the transportation company’s stock after selling 19,982 shares during the period. BNP Paribas Financial Markets’ holdings in Ryder System were worth $33,873,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. State Street Corp lifted its holdings 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 purchasing an additional 7,447 shares in the last quarter. Orbis Allan Gray Ltd lifted its holdings 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 purchasing an additional 134,423 shares in the last quarter. Bank of America Corp DE lifted its holdings 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 purchasing an additional 62,313 shares in the last quarter. Sei Investments Co. lifted its holdings 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 purchasing an additional 30,144 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings 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 purchasing an additional 9,404 shares in the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ryder System

In other Ryder System news, Director Luis P. Nieto, Jr. sold 720 shares of Ryder System stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $235.79, for a total transaction of $169,768.80. Following the completion of the sale, the director directly owned 29,974 shares in the company, valued at $7,067,569.46. This trade represents a 2.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Sanford J. Hodes sold 595 shares of Ryder System stock in a transaction dated 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 of the company’s stock, valued at approximately $5,781,748.60. This represents a 2.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 4.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

R has been the topic of several recent analyst reports. Zacks Research raised shares of Ryder System from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Ryder System in a research note on Wednesday, May 27th. 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 research note on Friday, February 13th. 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 research note on Friday, April 24th. Finally, Wall Street Zen raised shares of Ryder System from a “hold” rating to a “buy” rating in a research note on Saturday, April 25th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Ryder System currently has an average rating of “Moderate Buy” and an average price target of $234.89.

Ryder System Price Performance

Shares of R stock opened at $260.77 on Thursday. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.68 and a quick ratio of 0.68. The firm’s 50-day moving average is $229.73 and its two-hundred day moving average is $207.24. Ryder System, Inc. has a 12 month low of $146.74 and a 12 month high of $261.09. The company has a market capitalization of $10.09 billion, a PE ratio of 21.68 and a beta of 1.01.

Ryder System (NYSE:R) last issued its earnings results on Thursday, April 23rd. The transportation company reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.25. Ryder System had a net margin of 3.91% and a return on equity of 17.75%. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same period in the previous year, the firm earned $2.46 earnings per share. Ryder System’s quarterly revenue was down .2% compared to the same quarter last year. 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. Analysts predict that Ryder System, Inc. will post 14.82 earnings per share for the current year.

Ryder System Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Monday, May 18th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $3.64 dividend on an annualized basis and a yield of 1.4%. Ryder System’s payout ratio is 30.26%.

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.