Ryder System, Inc. (NYSE:R) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its holdings in Ryder System, Inc. (NYSE:R) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,110 shares of the transportation company’s stock after selling 522 shares during the quarter. Amalgamated Bank’s holdings in Ryder System were worth $3,154,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Sanctuary Advisors LLC grew its position in Ryder System by 0.9% during the fourth quarter. Sanctuary Advisors LLC now owns 7,894 shares of the transportation company’s stock worth $1,282,000 after buying an additional 68 shares during the period. Savant Capital LLC boosted its stake in shares of Ryder System by 3.6% during the 4th quarter. Savant Capital LLC now owns 2,438 shares of the transportation company’s stock worth $382,000 after acquiring an additional 84 shares in the last quarter. Principal Securities Inc. boosted its stake in shares of Ryder System by 36.5% during the 4th quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock worth $54,000 after acquiring an additional 92 shares in the last quarter. MML Investors Services LLC grew its holdings in shares of Ryder System by 4.7% in the 3rd quarter. MML Investors Services LLC now owns 2,078 shares of the transportation company’s stock worth $303,000 after acquiring an additional 94 shares during the period. Finally, UMB Bank n.a. increased its stake in Ryder System by 36.6% in the 4th quarter. UMB Bank n.a. now owns 362 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 97 shares in the last quarter. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Ryder System Stock Up 3.0 %

R opened at $164.40 on Friday. The firm has a market cap of $6.92 billion, a P/E ratio of 14.82 and a beta of 1.29. The business’s fifty day simple moving average is $160.77 and its 200 day simple moving average is $154.11. Ryder System, Inc. has a 52 week low of $106.88 and a 52 week high of $171.78. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14.

Ryder System (NYSE:R) last released its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.39 by $0.06. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. As a group, equities research analysts anticipate that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Tuesday, February 18th. Ryder System’s dividend payout ratio is presently 29.22%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on R shares. StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. The Goldman Sachs Group increased their price objective on shares of Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Ryder System has an average rating of “Moderate Buy” and an average price target of $157.00.

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.