Amalgamated Bank Trims Position in Ryder System, Inc. (NYSE:R)

Amalgamated Bank lowered its stake in shares of Ryder System, Inc. (NYSE:R) by 10.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,337 shares of the transportation company’s stock after selling 3,100 shares during the quarter. Amalgamated Bank’s holdings in Ryder System were worth $3,387,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. EntryPoint Capital LLC acquired a new position in Ryder System in the 1st quarter valued at $25,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Ryder System in the second quarter valued at about $51,000. Creekmur Asset Management LLC acquired a new position in shares of Ryder System during the fourth quarter worth about $68,000. GAMMA Investing LLC raised its holdings in Ryder System by 44.0% during the second quarter. GAMMA Investing LLC now owns 589 shares of the transportation company’s stock worth $73,000 after purchasing an additional 180 shares in the last quarter. Finally, CWM LLC lifted its position in Ryder System by 62.0% in the first quarter. CWM LLC now owns 643 shares of the transportation company’s stock valued at $77,000 after purchasing an additional 246 shares during the period. Institutional investors and hedge funds own 87.47% of the company’s stock.

Insider Buying and Selling

In other Ryder System news, EVP Francisco Jr. Lopez sold 12,730 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $139.32, for a total transaction of $1,773,543.60. Following the completion of the sale, the executive vice president now directly owns 47,779 shares in the company, valued at $6,656,570.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.10% of the company’s stock.

Analyst Upgrades and Downgrades

R has been the subject of a number of analyst reports. Robert W. Baird increased their target price on Ryder System from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Morgan Stanley initiated coverage on shares of Ryder System in a research report on Monday, June 24th. They set an “overweight” rating and a $165.00 target price on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Ryder System from $126.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. StockNews.com lowered shares of Ryder System from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 12th. Finally, Stephens began coverage on Ryder System in a report on Monday, July 8th. They issued an “equal weight” rating on the stock. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $137.86.

Ryder System Stock Performance

NYSE R opened at $146.00 on Monday. The business’s 50-day moving average price is $136.70 and its 200 day moving average price is $125.85. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.09. Ryder System, Inc. has a twelve month low of $91.31 and a twelve month high of $148.10. The company has a market capitalization of $6.40 billion, a PE ratio of 19.01 and a beta of 1.28.

Ryder System (NYSE:R) last announced its quarterly earnings data on Thursday, July 25th. The transportation company reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.87 by $0.13. Ryder System had a net margin of 4.06% and a return on equity of 17.22%. The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same period in the prior year, the firm posted $3.61 EPS. The company’s revenue was up 10.3% on a year-over-year basis. On average, research analysts predict that Ryder System, Inc. will post 12.19 earnings per share for the current year.

Ryder System Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Monday, August 19th were issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.22%. This is an increase from Ryder System’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend was Monday, August 19th. Ryder System’s dividend payout ratio is presently 42.19%.

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.