Atria Investments Inc Raises Stock Holdings in Ryder System, Inc. (NYSE:R)

Atria Investments Inc grew its stake in Ryder System, Inc. (NYSE:R) by 3.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,759 shares of the transportation company’s stock after buying an additional 126 shares during the quarter. Atria Investments Inc’s holdings in Ryder System were worth $548,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. EntryPoint Capital LLC purchased a new position in shares of Ryder System in the 1st quarter worth approximately $25,000. Wolff Wiese Magana LLC purchased a new position in Ryder System during the 3rd quarter valued at $28,000. Altshuler Shaham Ltd purchased a new position in Ryder System during the 2nd quarter valued at $29,000. UMB Bank n.a. boosted its holdings in Ryder System by 43.2% during the 3rd quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 80 shares during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Ryder System during the 2nd quarter valued at $51,000. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Insider Activity at Ryder System

In other news, insider Thomas M. Havens sold 4,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total value of $629,760.00. Following the sale, the insider now owns 20,504 shares in the company, valued at $3,228,149.76. This represents a 16.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.10% of the stock is currently owned by corporate insiders.

Ryder System Trading Down 1.0 %

R opened at $159.35 on Wednesday. The firm has a market cap of $6.74 billion, a price-to-earnings ratio of 14.91 and a beta of 1.28. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.17. Ryder System, Inc. has a 12 month low of $105.09 and a 12 month high of $170.20. The stock has a fifty day moving average price of $148.97 and a 200-day moving average price of $135.80.

Ryder System (NYSE:R) last announced its earnings results on Thursday, October 24th. The transportation company reported $3.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.39 by $0.05. Ryder System had a return on equity of 16.78% and a net margin of 3.83%. The company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same period in the prior year, the company posted $3.58 EPS. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Ryder System, Inc. will post 12.01 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, November 18th will be given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 2.03%. The ex-dividend date is Monday, November 18th. Ryder System’s dividend payout ratio is currently 30.31%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on R shares. StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. lowered their target price on Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Finally, Robert W. Baird upped their target price on Ryder System from $140.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $140.57.

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.