Atlas Capital Advisors LLC Acquires 279 Shares of Ryder System, Inc. (NYSE:R)

Atlas Capital Advisors LLC lifted its holdings in shares of Ryder System, Inc. (NYSE:R) by 10.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,877 shares of the transportation company’s stock after acquiring an additional 279 shares during the period. Atlas Capital Advisors LLC’s holdings in Ryder System were worth $346,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in R. Contravisory Investment Management Inc. purchased a new stake in shares of Ryder System in the fourth quarter worth approximately $26,000. GAMMA Investing LLC purchased a new stake in Ryder System in the 4th quarter valued at $45,000. Creekmur Asset Management LLC bought a new position in Ryder System during the 4th quarter valued at $68,000. CWM LLC boosted its holdings in Ryder System by 62.0% during the 1st quarter. CWM LLC now owns 643 shares of the transportation company’s stock worth $77,000 after acquiring an additional 246 shares during the last quarter. Finally, Quent Capital LLC grew its stake in shares of Ryder System by 17.7% in the 4th quarter. Quent Capital LLC now owns 745 shares of the transportation company’s stock worth $86,000 after acquiring an additional 112 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Stock Performance

Shares of R stock opened at $122.54 on Friday. Ryder System, Inc. has a 12 month low of $82.46 and a 12 month high of $128.85. The stock has a market capitalization of $5.37 billion, a P/E ratio of 15.96 and a beta of 1.32. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.22. The firm’s 50 day moving average is $121.99 and its 200 day moving average is $116.86.

Ryder System (NYSE:R) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.14 EPS for the quarter, topping 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 firm had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.06 billion. During the same period last year, the company earned $2.81 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, sell-side analysts anticipate that Ryder System, Inc. will post 12.26 earnings per share for the current year.

Ryder System Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Monday, May 20th were issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend was Friday, May 17th. Ryder System’s payout ratio is 36.98%.

Insider Activity

In other Ryder System news, SVP Sanford J. Hodes sold 3,360 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $125.59, for a total value of $421,982.40. Following the sale, the senior vice president now directly owns 24,119 shares in the company, valued at approximately $3,029,105.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Sanford J. Hodes sold 3,360 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $125.59, for a total transaction of $421,982.40. Following the completion of the transaction, the senior vice president now directly owns 24,119 shares in the company, valued at $3,029,105.21. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CMO Karen M. Jones sold 6,776 shares of Ryder System stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $120.44, for a total value of $816,101.44. Following the sale, the chief marketing officer now owns 5,666 shares of the company’s stock, valued at approximately $682,413.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 95,800 shares of company stock worth $11,990,862. 5.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on R shares. Stephens lifted their price target on Ryder System from $113.00 to $120.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 24th. Vertical Research raised shares of Ryder System from a “hold” rating to a “buy” rating and boosted their price target for the stock from $125.00 to $145.00 in a report on Friday, June 14th. Morgan Stanley assumed coverage on shares of Ryder System in a report on Monday. They set an “overweight” rating and a $165.00 price objective for the company. StockNews.com upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. Finally, The Goldman Sachs Group raised their price target on shares of Ryder System from $122.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Ryder System has an average rating of “Moderate Buy” and an average target price of $135.86.

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.