Barclays Cuts Investment in Ryder System

Financial firm Barclays Global Investors, which had been the largest shareholder in Ryder System, has reduced its stake in Ryder by more than 50%, Bloomberg reported.

Barclays holds a stake of 2.2 million shares, or 3.8%, of Miami-based Ryder, Bloomberg said, citing a U.S. regulatory filing. That level is down from 4.98 million shares, or 8.6%, percent, according to Bloomberg data.

The shift would make Barclays Global the eighth-largest investor in Ryder, Bloomberg said.

Barclays Global is the asset-management arm of London-based Barclays Plc.

Ryder System is ranked No. 5 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.