Ryder System, Inc. (NYSE:R) Shares Purchased by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. increased its holdings in shares of Ryder System, Inc. (NYSE:RGet Rating) by 44.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,284 shares of the transportation company’s stock after acquiring an additional 1,318 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Ryder System were worth $304,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of R. Vanguard Group Inc. boosted its holdings in shares of Ryder System by 7.9% in the first quarter. Vanguard Group Inc. now owns 5,735,585 shares of the transportation company’s stock valued at $455,004,000 after acquiring an additional 421,132 shares in the last quarter. HG Vora Capital Management LLC lifted its position in Ryder System by 41.7% in the 1st quarter. HG Vora Capital Management LLC now owns 4,250,000 shares of the transportation company’s stock worth $337,153,000 after buying an additional 1,250,000 shares in the last quarter. State Street Corp raised its holdings in shares of Ryder System by 5.9% during the 1st quarter. State Street Corp now owns 1,825,239 shares of the transportation company’s stock valued at $144,796,000 after purchasing an additional 101,962 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Ryder System by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,628,004 shares of the transportation company’s stock valued at $129,159,000 after purchasing an additional 30,195 shares in the last quarter. Finally, LSV Asset Management raised its holdings in shares of Ryder System by 18.8% during the 1st quarter. LSV Asset Management now owns 1,151,581 shares of the transportation company’s stock valued at $91,355,000 after purchasing an additional 181,942 shares in the last quarter. Institutional investors and hedge funds own 87.88% of the company’s stock.

Insider Activity

In related news, CFO John J. Diez sold 2,573 shares of Ryder System stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $80.78, for a total transaction of $207,846.94. Following the completion of the transaction, the chief financial officer now directly owns 69,757 shares of the company’s stock, valued at approximately $5,634,970.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CMO Karen M. Jones sold 11,666 shares of Ryder System stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $82.08, for a total transaction of $957,545.28. Following the completion of the transaction, the chief marketing officer now directly owns 6,963 shares of the company’s stock, valued at approximately $571,523.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John J. Diez sold 2,573 shares of Ryder System stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $80.78, for a total transaction of $207,846.94. Following the transaction, the chief financial officer now directly owns 69,757 shares of the company’s stock, valued at $5,634,970.46. The disclosure for this sale can be found here. In the last three months, insiders have sold 120,372 shares of company stock worth $9,746,884. Corporate insiders own 3.50% of the company’s stock.

Wall Street Analyst Weigh In

R has been the topic of several recent analyst reports. StockNews.com downgraded shares of Ryder System from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Stephens raised their price target on shares of Ryder System from $86.00 to $91.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 27th. Finally, Robert W. Baird raised their price target on shares of Ryder System to $87.00 in a research report on Thursday, October 27th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $84.00.

Ryder System Stock Performance

NYSE R traded up $0.67 during midday trading on Thursday, hitting $93.93. The company had a trading volume of 466,622 shares, compared to its average volume of 691,644. The company has a quick ratio of 0.71, a current ratio of 0.73 and a debt-to-equity ratio of 1.76. The firm has a fifty day simple moving average of $79.85 and a two-hundred day simple moving average of $77.83. Ryder System, Inc. has a fifty-two week low of $61.71 and a fifty-two week high of $94.69. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 5.79 and a beta of 1.57.

Ryder System (NYSE:RGet Rating) last issued its earnings results on Wednesday, October 26th. The transportation company reported $4.45 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.75. Ryder System had a net margin of 7.31% and a return on equity of 29.45%. The business had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.96 billion. During the same period in the previous year, the business earned $2.55 EPS. The firm’s revenue was up 23.4% on a year-over-year basis. Equities analysts forecast that Ryder System, Inc. will post 16.01 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Monday, November 21st will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, November 18th. This represents a $2.48 annualized dividend and a dividend yield of 2.64%. Ryder System’s dividend payout ratio (DPR) is currently 15.29%.

Ryder System Profile

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Ryder System, Inc operates as a logistics and transportation company worldwide. The company 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, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as fleet support services.

See Also

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Institutional Ownership by Quarter for Ryder System (NYSE:R)

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