Ryder System, Inc. (NYSE:R) Stock Position Reduced by First Hawaiian Bank

First Hawaiian Bank lessened its position in shares of Ryder System, Inc. (NYSE:R) by 6.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,783 shares of the transportation company’s stock after selling 1,354 shares during the period. First Hawaiian Bank’s holdings in Ryder System were worth $1,160,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in R. FMR LLC raised its position in shares of Ryder System by 27.1% during the 2nd quarter. FMR LLC now owns 4,416,537 shares of the transportation company’s stock worth $165,664,000 after purchasing an additional 941,120 shares during the period. Bank of America Corp DE raised its position in shares of Ryder System by 104.4% during the 2nd quarter. Bank of America Corp DE now owns 893,577 shares of the transportation company’s stock worth $33,520,000 after purchasing an additional 456,419 shares during the period. Earnest Partners LLC raised its position in shares of Ryder System by 13.5% during the 3rd quarter. Earnest Partners LLC now owns 2,444,084 shares of the transportation company’s stock worth $103,238,000 after purchasing an additional 291,132 shares during the period. AJO LP raised its position in shares of Ryder System by 167.1% during the 3rd quarter. AJO LP now owns 444,964 shares of the transportation company’s stock worth $18,795,000 after purchasing an additional 278,369 shares during the period. Finally, Artemis Investment Management LLP raised its position in shares of Ryder System by 36.5% during the 3rd quarter. Artemis Investment Management LLP now owns 672,360 shares of the transportation company’s stock worth $28,379,000 after purchasing an additional 179,784 shares during the period. 90.02% of the stock is currently owned by institutional investors.

A number of brokerages have recently weighed in on R. Truist increased their price target on Ryder System from $48.00 to $60.00 in a research report on Thursday, October 29th. Stifel Nicolaus raised their target price on Ryder System from $45.00 to $59.00 and gave the company a “buy” rating in a research report on Monday, November 9th. ValuEngine cut Ryder System from a “buy” rating to a “hold” rating in a research report on Monday, November 2nd. Zacks Investment Research cut Ryder System from a “strong-buy” rating to a “hold” rating and set a $71.00 target price on the stock. in a research report on Monday. Finally, Wells Fargo & Company upgraded Ryder System from an “underweight” rating to an “equal weight” rating and set a $65.00 target price on the stock in a research report on Monday, December 14th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $56.89.

R opened at $66.31 on Thursday. The firm has a market cap of $3.57 billion, a PE ratio of -10.54 and a beta of 1.96. The company has a quick ratio of 0.75, a current ratio of 0.77 and a debt-to-equity ratio of 3.10. The business has a fifty day simple moving average of $62.90 and a 200-day simple moving average of $48.78. Ryder System, Inc. has a fifty-two week low of $22.62 and a fifty-two week high of $68.98.

Ryder System (NYSE:R) last released its quarterly earnings data on Wednesday, October 28th. The transportation company reported $1.21 earnings per share for the quarter, topping the consensus estimate of ($0.32) by $1.53. The business had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2 billion. Ryder System had a positive return on equity of 0.29% and a negative net margin of 3.84%. During the same period last year, the company posted ($1.49) EPS. On average, equities research analysts anticipate that Ryder System, Inc. will post -2.84 EPS for the current fiscal year.

Ryder System Company Profile

Ryder System, Inc provides transportation and supply chain management solutions worldwide. The company 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, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as fleet support services.

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Institutional Ownership by Quarter for Ryder System (NYSE:R)

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