56,403 Shares in Ryder System, Inc. $R Bought by Hsbc Holdings PLC

Hsbc Holdings PLC bought a new position in shares of Ryder System, Inc. (NYSE:R) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 56,403 shares of the transportation company’s stock, valued at approximately $14,773,000.

A number of other institutional investors have also recently made changes to their positions in R. Canada Pension Plan Investment Board acquired a new stake in shares of Ryder System in the second quarter valued at about $16,697,000. Legal & General Group Plc acquired a new position in shares of Ryder System in the second quarter worth approximately $16,608,000. The Manufacturers Life Insurance Company acquired a new position in shares of Ryder System in the second quarter worth approximately $7,221,000. TCM Advisors LLC bought a new stake in Ryder System in the second quarter valued at approximately $1,161,000. Finally, Cibc World Market Inc. bought a new stake in Ryder System in the second quarter valued at approximately $628,000. Institutional investors own 87.47% of the company’s stock.

Ryder System Trading Down 0.7%

NYSE:R opened at $247.99 on Friday. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.65 and a quick ratio of 0.65. Ryder System, Inc. has a one year low of $157.67 and a one year high of $284.25. The company has a market cap of $9.51 billion, a PE ratio of 20.18 and a beta of 1.02. The firm has a 50-day moving average of $262.56 and a 200-day moving average of $239.94.

Ryder System (NYSE:R) last issued its quarterly earnings data on Thursday, July 23rd. The transportation company reported $3.73 earnings per share for the quarter, beating the consensus estimate of $3.69 by $0.04. The business had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $3.29 billion. Ryder System had a return on equity of 18.28% and a net margin of 3.88%.The business’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the business earned $3.32 EPS. 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, equities research analysts expect that Ryder System, Inc. will post 14.74 EPS for the current fiscal year.

Ryder System Increases Dividend

The company also recently declared 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 of this dividend is Monday, August 24th. This is an increase from Ryder System’s previous quarterly dividend of $0.91. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.6%. Ryder System’s payout ratio is 32.87%.

Analyst Ratings Changes

R has been the subject of several analyst reports. Barclays raised their price target on shares of Ryder System from $290.00 to $300.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Wells Fargo & Company increased their price objective on shares of Ryder System from $290.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. Citizens Jmp initiated coverage on shares of Ryder System in a research note on Wednesday, July 15th. They set a “market perform” rating for the company. Zacks Research lowered shares of Ryder System from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Finally, Stephens upgraded Ryder System to a “strong-buy” rating in a report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Ryder System presently has a consensus rating of “Moderate Buy” and an average price target of $294.14.

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.