Atria Wealth Solutions Inc. Decreases Position in Ryder System, Inc. (NYSE:R)

Atria Wealth Solutions Inc. trimmed its holdings in shares of Ryder System, Inc. (NYSE:R) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Headlands Technologies LLC bought a new position in shares of Ryder System during the third quarter valued at about $26,000. Contravisory Investment Management Inc. bought a new position in Ryder System during the 4th quarter valued at approximately $26,000. GAMMA Investing LLC purchased a new stake in Ryder System in the 4th quarter worth approximately $45,000. CWM LLC grew its position in shares of Ryder System by 33.9% in the 3rd quarter. CWM LLC now owns 438 shares of the transportation company’s stock worth $47,000 after buying an additional 111 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in shares of Ryder System by 406.0% during the third quarter. Exchange Traded Concepts LLC now owns 506 shares of the transportation company’s stock valued at $54,000 after buying an additional 406 shares during the period. 87.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on R shares. The Goldman Sachs Group lifted their price target on shares of Ryder System from $122.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. StockNews.com raised shares of Ryder System from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. Wells Fargo & Company increased their price target on shares of Ryder System from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 15th. JPMorgan Chase & Co. lifted their price objective on Ryder System from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Finally, Stephens increased their target price on Ryder System from $113.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Ryder System presently has a consensus rating of “Hold” and a consensus price target of $126.83.

Insiders Place Their Bets

In other Ryder System news, CMO Karen M. Jones sold 7,737 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $113.48, for a total transaction of $877,994.76. Following the sale, the chief marketing officer now directly owns 12,396 shares in the company, valued at approximately $1,406,698.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Thomas M. Havens sold 8,000 shares of the firm’s stock in a transaction on 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CMO Karen M. Jones sold 7,737 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $113.48, for a total value of $877,994.76. Following the completion of the transaction, the chief marketing officer now directly owns 12,396 shares in the company, valued at $1,406,698.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,408 shares of company stock valued at $2,270,631. Insiders own 5.10% of the company’s stock.

Ryder System Price Performance

R stock 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. The firm has a 50 day moving average price of $116.09 and a 200-day moving average price of $111.43. Ryder System, Inc. has a 52-week low of $77.60 and a 52-week high of $127.21. The firm has a market capitalization of $5.46 billion, a price-to-earnings ratio of 16.22 and a beta of 1.38.

Ryder System (NYSE:R) last announced its quarterly earnings data 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. Ryder System had a return on equity of 18.38% and a net margin of 2.95%. The business had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.06 billion. During the same quarter in the previous year, the business earned $2.81 earnings per share. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. Equities research analysts forecast that Ryder System, Inc. will post 11.98 EPS for the current fiscal year.

Ryder System Dividend Announcement

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