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

Atria Wealth Solutions Inc. decreased its position in shares of Ryder System, Inc. (NYSE:R) by 11.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,556 shares of the transportation company’s stock after selling 320 shares during the period. Atria Wealth Solutions Inc.’s holdings in Ryder System were worth $368,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. New Age Alpha Advisors LLC raised its position in Ryder System by 62.6% during the first quarter. New Age Alpha Advisors LLC now owns 896 shares of the transportation company’s stock valued at $129,000 after purchasing an additional 345 shares in the last quarter. NewEdge Wealth LLC raised its position in Ryder System by 9.8% during the first quarter. NewEdge Wealth LLC now owns 221,943 shares of the transportation company’s stock valued at $31,918,000 after purchasing an additional 19,773 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Ryder System by 18.0% during the first quarter. PNC Financial Services Group Inc. now owns 2,219 shares of the transportation company’s stock valued at $319,000 after purchasing an additional 338 shares in the last quarter. LSV Asset Management raised its position in Ryder System by 0.3% during the first quarter. LSV Asset Management now owns 1,456,453 shares of the transportation company’s stock valued at $209,453,000 after purchasing an additional 4,912 shares in the last quarter. Finally, Natixis Advisors LLC raised its position in Ryder System by 11.0% during the first quarter. Natixis Advisors LLC now owns 129,713 shares of the transportation company’s stock valued at $18,654,000 after purchasing an additional 12,818 shares in the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Ryder System Stock Down 0.8%

R opened at $181.98 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.27. The company has a market cap of $7.42 billion, a P/E ratio of 15.47 and a beta of 1.00. Ryder System, Inc. has a 12 month low of $125.54 and a 12 month high of $184.76. The business’s 50-day moving average price is $167.58 and its 200-day moving average price is $155.42.

Ryder System (NYSE:R) last posted its earnings results on Thursday, July 24th. The transportation company reported $3.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.11 by $0.21. The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Ryder System had a return on equity of 17.83% and a net margin of 3.99%. Ryder System’s quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the firm earned $3.00 earnings per share. On average, equities analysts expect that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Monday, August 18th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Monday, August 18th. This is a boost from Ryder System’s previous quarterly dividend of $0.81. This represents a $3.64 annualized dividend and a dividend yield of 2.0%. Ryder System’s payout ratio is 27.55%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on R shares. Susquehanna started coverage on Ryder System in a research report on Tuesday, July 15th. They set a “positive” rating and a $215.00 price target on the stock. Baird R W upgraded Ryder System to a “strong-buy” rating in a report on Tuesday, July 1st. JPMorgan Chase & Co. lifted their price objective on Ryder System from $165.00 to $173.00 and gave the stock a “neutral” rating in a report on Tuesday, July 8th. Stephens lifted their price objective on Ryder System from $150.00 to $190.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. Finally, Robert W. Baird lifted their price objective on Ryder System from $186.00 to $192.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $186.50.

Insider Buying and Selling

In related news, CFO Cristina Gallo-Aquino sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $180.87, for a total value of $180,870.00. Following the sale, the chief financial officer directly owned 26,561 shares of the company’s stock, valued at $4,804,088.07. This trade represents a 3.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director E Follin Smith sold 5,523 shares of the firm’s stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $177.66, for a total value of $981,216.18. Following the completion of the sale, the director directly owned 33,779 shares in the company, valued at $6,001,177.14. The trade was a 14.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,582 shares of company stock valued at $8,158,745 over the last ninety days. 5.20% of the stock is owned by insiders.

Ryder System Company 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.