BNP Paribas Financial Markets Trims Stock Holdings in Ryder System, Inc. (NYSE:R)

BNP Paribas Financial Markets cut its holdings in shares of Ryder System, Inc. (NYSE:R) by 7.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,140 shares of the transportation company’s stock after selling 5,552 shares during the period. BNP Paribas Financial Markets owned 0.17% of Ryder System worth $10,372,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of R. UMB Bank n.a. lifted its position in Ryder System by 43.2% during the 3rd quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock worth $39,000 after acquiring an additional 80 shares during the period. Truist Financial Corp raised its stake in shares of Ryder System by 0.6% during the second quarter. Truist Financial Corp now owns 14,303 shares of the transportation company’s stock worth $1,772,000 after purchasing an additional 90 shares during the last quarter. Buckley Wealth Management LLC lifted its holdings in shares of Ryder System by 1.1% during the third quarter. Buckley Wealth Management LLC now owns 9,660 shares of the transportation company’s stock worth $1,408,000 after purchasing an additional 105 shares during the period. Price T Rowe Associates Inc. MD grew its position in Ryder System by 0.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 37,516 shares of the transportation company’s stock valued at $4,510,000 after buying an additional 106 shares during the last quarter. Finally, CWM LLC increased its stake in Ryder System by 17.9% in the 2nd quarter. CWM LLC now owns 758 shares of the transportation company’s stock valued at $94,000 after buying an additional 115 shares during the period. 87.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. StockNews.com downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $140.57.

Ryder System Stock Up 0.5 %

R stock opened at $168.84 on Monday. Ryder System, Inc. has a 52 week low of $105.09 and a 52 week high of $171.78. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.17. The company has a market cap of $7.14 billion, a P/E ratio of 15.79 and a beta of 1.28. The company’s 50-day moving average price is $153.06 and its 200 day moving average price is $137.98.

Ryder System (NYSE:R) last announced its quarterly earnings results on Thursday, October 24th. The transportation company reported $3.44 EPS for the quarter, topping the consensus estimate of $3.39 by $0.05. The business had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.29 billion. Ryder System had a return on equity of 16.78% and a net margin of 3.83%. The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.58 EPS. On average, research analysts expect that Ryder System, Inc. will post 12.01 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, November 18th will be paid a $0.81 dividend. The ex-dividend date is Monday, November 18th. This represents a $3.24 dividend on an annualized basis and a yield of 1.92%. Ryder System’s payout ratio is 30.31%.

Insider Buying and Selling at Ryder System

In other news, insider Thomas M. Havens sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total value of $629,760.00. Following the completion of the transaction, the insider now directly owns 20,504 shares of the company’s stock, valued at $3,228,149.76. The trade was a 16.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.10% of the stock is currently owned by insiders.

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.