Atria Wealth Solutions Inc. Lowers Holdings in Ryder System, Inc. (NYSE:R)

Atria Wealth Solutions Inc. lessened its holdings in Ryder System, Inc. (NYSE:R) by 5.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 6,702 shares of the transportation company’s stock after selling 363 shares during the period. Atria Wealth Solutions Inc.’s holdings in Ryder System were worth $771,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of R. Wellington Management Group LLP boosted its position in shares of Ryder System by 1,051.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,551,559 shares of the transportation company’s stock worth $272,889,000 after purchasing an additional 2,329,880 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Ryder System in the 3rd quarter valued at $25,233,000. LSV Asset Management lifted its stake in Ryder System by 13.5% during the 3rd quarter. LSV Asset Management now owns 1,570,462 shares of the transportation company’s stock worth $167,961,000 after acquiring an additional 187,174 shares in the last quarter. AQR Capital Management LLC grew its position in Ryder System by 12.3% in the 3rd quarter. AQR Capital Management LLC now owns 845,253 shares of the transportation company’s stock valued at $90,400,000 after acquiring an additional 92,760 shares in the last quarter. Finally, Cambridge Financial Group Inc. purchased a new stake in Ryder System during the third quarter worth about $8,186,000. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Ryder System Trading Down 0.1 %

NYSE:R opened at $124.58 on Friday. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.82 and a current ratio of 0.82. Ryder System, Inc. has a 1 year low of $77.60 and a 1 year high of $127.21. The stock has a market cap of $5.46 billion, a P/E ratio of 16.22 and a beta of 1.38. The stock has a 50-day simple moving average of $116.09 and a 200-day simple moving average of $111.43.

Ryder System (NYSE:R) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.43. The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.06 billion. Ryder System had a return on equity of 18.38% and a net margin of 2.95%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.81 earnings per share. As a group, analysts anticipate that Ryder System, Inc. will post 11.98 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Monday, May 20th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 2.28%. Ryder System’s payout ratio is currently 36.98%.

Insider Buying and Selling

In other news, Director E Follin Smith sold 3,671 shares of Ryder System stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $119.16, for a total value of $437,436.36. Following the transaction, the director now directly owns 38,413 shares of the company’s stock, valued at approximately $4,577,293.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director E Follin Smith sold 3,671 shares of the stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $119.16, for a total transaction of $437,436.36. Following the completion of the sale, the director now owns 38,413 shares in the company, valued at $4,577,293.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Thomas M. Havens sold 8,000 shares of the firm’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $119.40, for a total value of $955,200.00. Following the transaction, the insider now directly owns 24,401 shares in the company, valued at approximately $2,913,479.40. The disclosure for this sale can be found here. Insiders have sold 19,408 shares of company stock worth $2,270,631 in the last quarter. 5.10% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Ryder System from $120.00 to $126.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. The Goldman Sachs Group lifted their target price on Ryder System from $122.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Vertical Research downgraded Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a report on Wednesday, January 10th. Stephens lifted their price objective on Ryder System from $113.00 to $120.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 24th. Finally, StockNews.com upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Ryder System has a consensus rating of “Hold” and a consensus price target of $126.83.

Ryder System Profile

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.