Hsbc Holdings PLC Takes $14.77 Million Position in Ryder System, Inc. $R

Hsbc Holdings PLC bought a new position in shares of Ryder System, Inc. (NYSE:R) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 56,403 shares of the transportation company’s stock, valued at approximately $14,773,000. Hsbc Holdings PLC owned 0.15% of Ryder System at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Keating Financial Advisory Services Inc. acquired a new stake in shares of Ryder System during the second quarter worth $26,000. Cedar Mountain Advisors LLC grew its stake in shares of Ryder System by 522.7% in the first quarter. Cedar Mountain Advisors LLC now owns 137 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 115 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Ryder System during the second quarter worth about $30,000. Los Angeles Capital Management LLC acquired a new stake in Ryder System in the 4th quarter worth about $31,000. Finally, Geneos Wealth Management Inc. boosted its holdings in Ryder System by 61.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company’s stock valued at $41,000 after purchasing an additional 109 shares during the period. 87.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on R shares. Wall Street Zen upgraded Ryder System from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Susquehanna increased their target price on Ryder System from $290.00 to $310.00 and gave the stock a “positive” rating in a report on Friday, July 24th. Robert W. Baird raised their price target on Ryder System from $253.00 to $290.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 17th. Wells Fargo & Company boosted their price target on Ryder System from $290.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Ryder System in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $294.14.

Ryder System Trading Down 0.7%

Shares of R stock opened at $247.99 on Friday. The firm has a market capitalization of $9.51 billion, a P/E ratio of 20.18 and a beta of 1.02. Ryder System, Inc. has a twelve month low of $157.67 and a twelve month high of $284.25. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.91. The stock’s fifty day simple moving average is $262.56 and its 200 day simple moving average is $239.94.

Ryder System (NYSE:R) last posted its earnings results on Thursday, July 23rd. The transportation company reported $3.73 EPS for the quarter, beating the consensus estimate of $3.69 by $0.04. The firm had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $3.29 billion. Ryder System had a return on equity of 18.28% and a net margin of 3.88%.The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the company earned $3.32 earnings per share. Ryder System has set its FY 2026 guidance at 14.400-14.800 EPS and its Q3 2026 guidance at 4.000-4.200 EPS. As a group, sell-side analysts predict that Ryder System, Inc. will post 14.74 EPS for the current fiscal year.

Ryder System Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Monday, August 24th will be given a dividend of $1.01 per share. The ex-dividend date is Monday, August 24th. This represents a $4.04 annualized dividend and a yield of 1.6%. This is a boost from Ryder System’s previous quarterly dividend of $0.91. Ryder System’s dividend payout ratio is 32.87%.

About Ryder System

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.