First Hawaiian Bank Lowers Stake in Ryder System, Inc. (NYSE:R)

First Hawaiian Bank lessened its holdings in Ryder System, Inc. (NYSE:R) by 2.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,167 shares of the transportation company’s stock after selling 200 shares during the period. First Hawaiian Bank’s holdings in Ryder System were worth $1,136,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. EntryPoint Capital LLC purchased a new position in shares of Ryder System in the first quarter valued at approximately $25,000. GAMMA Investing LLC purchased a new stake in shares of Ryder System during the fourth quarter worth approximately $45,000. Creekmur Asset Management LLC acquired a new position in Ryder System in the 4th quarter valued at $68,000. CWM LLC lifted its holdings in Ryder System by 62.0% in the 1st quarter. CWM LLC now owns 643 shares of the transportation company’s stock valued at $77,000 after purchasing an additional 246 shares in the last quarter. Finally, Gladius Capital Management LP purchased a new position in shares of Ryder System in the fourth quarter worth about $102,000. Institutional investors and hedge funds own 87.47% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on R. StockNews.com lowered shares of Ryder System from a “strong-buy” rating to a “buy” rating in a report on Friday, July 12th. Morgan Stanley began coverage on shares of Ryder System in a research note on Monday, June 24th. They issued an “overweight” rating and a $165.00 price target on the stock. Robert W. Baird raised their price objective on shares of Ryder System from $140.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Vertical Research upgraded Ryder System from a “hold” rating to a “buy” rating and increased their price objective for the stock from $125.00 to $145.00 in a research report on Friday, June 14th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Ryder System from $126.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Ryder System currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.86.

Insiders Place Their Bets

In other Ryder System news, EVP Francisco Jr. Lopez sold 12,730 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $139.32, for a total value of $1,773,543.60. Following the completion of the transaction, the executive vice president now directly owns 47,779 shares of the company’s stock, valued at approximately $6,656,570.28. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP Francisco Jr. Lopez sold 12,730 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $139.32, for a total transaction of $1,773,543.60. Following the transaction, the executive vice president now owns 47,779 shares of the company’s stock, valued at $6,656,570.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gallo-Aquino Cristina 425 shares of the firm’s stock in a transaction on Monday, July 29th. The disclosure for this trade can be found here. Insiders sold a total of 80,136 shares of company stock worth $10,265,181 in the last 90 days. 5.10% of the stock is owned by company insiders.

Ryder System Trading Up 3.9 %

Shares of NYSE R traded up $5.08 during trading on Tuesday, hitting $134.46. 114,976 shares of the company traded hands, compared to its average volume of 265,661. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.09. The firm has a market capitalization of $5.82 billion, a P/E ratio of 16.85 and a beta of 1.29. The company has a 50-day moving average price of $125.38 and a 200-day moving average price of $120.06. Ryder System, Inc. has a 1 year low of $91.31 and a 1 year high of $143.54.

Ryder System (NYSE:R) last announced its quarterly earnings results on Thursday, July 25th. The transportation company reported $3.00 earnings per share for the quarter, beating analysts’ consensus estimates of $2.87 by $0.13. Ryder System had a net margin of 4.06% and a return on equity of 17.22%. The firm had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.24 billion. During the same period in the previous year, the company posted $3.61 earnings per share. Ryder System’s revenue was up 10.3% compared to the same quarter last year. On average, equities analysts predict that Ryder System, Inc. will post 12.19 EPS for the current year.

Ryder System Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Monday, August 19th will be issued a dividend of $0.81 per share. This is an increase from Ryder System’s previous quarterly dividend of $0.71. This represents a $3.24 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Monday, August 19th. Ryder System’s dividend payout ratio (DPR) is presently 36.98%.

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.