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

BNP Paribas Financial Markets cut its holdings in Ryder System, Inc. (NYSE:R - Free Report) by 7.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 71,140 shares of the transportation company's stock after selling 5,552 shares during the quarter. BNP Paribas Financial Markets owned about 0.17% of Ryder System worth $10,372,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. UMB Bank n.a. raised 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 buying an additional 80 shares during the last quarter. Truist Financial Corp raised its holdings in 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 in the last quarter. Buckley Wealth Management LLC lifted its position in Ryder System by 1.1% in the third quarter. Buckley Wealth Management LLC now owns 9,660 shares of the transportation company's stock valued at $1,408,000 after purchasing an additional 105 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings 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 purchasing an additional 106 shares in the last quarter. Finally, CWM LLC increased its position in Ryder System by 17.9% during the 2nd quarter. CWM LLC now owns 758 shares of the transportation company's stock worth $94,000 after purchasing an additional 115 shares during the period. Institutional investors and hedge funds own 87.47% of the company's stock.

Ryder System Trading Up 0.7 %

Shares of R traded up $1.19 on Monday, hitting $170.03. 281,894 shares of the stock traded hands, compared to its average volume of 264,460. Ryder System, Inc. has a 1 year low of $105.09 and a 1 year high of $171.78. The stock's 50 day moving average is $153.06 and its two-hundred day moving average is $138.05. The firm has a market capitalization of $7.19 billion, a P/E ratio of 15.76 and a beta of 1.28. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.17.

Ryder System (NYSE:R - Get Free Report) last released its earnings results on Thursday, October 24th. The transportation company reported $3.44 EPS for the quarter, beating the consensus estimate of $3.39 by $0.05. Ryder System had a return on equity of 16.78% and a net margin of 3.83%. The firm had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.29 billion. During the same period in the prior year, the firm posted $3.58 earnings per share. The business's quarterly revenue was up 8.3% compared to the same quarter last year. As a group, sell-side analysts predict that Ryder System, Inc. will post 12.01 earnings per share for the current year.

Ryder System Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.81 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $3.24 annualized dividend and a yield of 1.91%. Ryder System's dividend payout ratio is presently 30.31%.

Analyst Ratings Changes

R has been the topic of several research analyst reports. StockNews.com lowered shares of Ryder System from a "buy" rating to a "hold" rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. reduced their price objective 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. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $140.57.

Insider Transactions at Ryder System

In other news, insider Thomas M. Havens sold 4,000 shares of the stock in a transaction dated 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 sale, the insider now owns 20,504 shares in the company, valued at approximately $3,228,149.76. This trade represents a 16.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.10% of the company's stock.

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.