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

Amalgamated Bank lessened its position in Ryder System, Inc. (NYSE:R) by 10.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,337 shares of the transportation company’s stock after selling 3,100 shares during the quarter. Amalgamated Bank owned about 0.06% of Ryder System worth $3,387,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Ryder System by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 5,223,396 shares of the transportation company’s stock valued at $627,800,000 after acquiring an additional 109,930 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Ryder System by 34.9% in the fourth quarter. Wellington Management Group LLP now owns 3,442,545 shares of the transportation company’s stock valued at $396,099,000 after purchasing an additional 890,986 shares in the last quarter. Earnest Partners LLC increased its holdings in shares of Ryder System by 2.4% in the first quarter. Earnest Partners LLC now owns 1,852,729 shares of the transportation company’s stock valued at $222,679,000 after purchasing an additional 43,592 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Ryder System by 1.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,722,222 shares of the transportation company’s stock worth $213,345,000 after buying an additional 31,550 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Ryder System by 1.9% during the second quarter. American Century Companies Inc. now owns 890,877 shares of the transportation company’s stock worth $110,362,000 after buying an additional 17,009 shares during the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Vertical Research upgraded Ryder System from a “hold” rating to a “buy” rating and lifted 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, June 24th. They issued an “overweight” rating and a $165.00 target price on the stock. StockNews.com downgraded shares of Ryder System from a “strong-buy” rating to a “buy” rating in a report on Friday, July 12th. Stephens assumed coverage on Ryder System in a report on Monday, July 8th. They issued an “equal weight” rating on the stock. Finally, Robert W. Baird raised 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. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Ryder System currently has an average rating of “Moderate Buy” and a consensus price target of $137.86.

Insider Buying and Selling at Ryder System

In related news, EVP Francisco Jr. Lopez sold 12,730 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $139.32, for a total value of $1,773,543.60. Following the completion of the sale, the executive vice president now directly owns 47,779 shares of the company’s stock, valued at $6,656,570.28. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 5.10% of the stock is currently owned by insiders.

Ryder System Stock Down 1.3 %

Shares of NYSE R opened at $146.00 on Monday. Ryder System, Inc. has a 12-month low of $91.31 and a 12-month high of $148.10. The stock has a market cap of $6.40 billion, a P/E ratio of 19.01 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 2.09. The business’s fifty day simple moving average is $136.70 and its 200-day simple moving average is $125.85.

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

Ryder System Increases Dividend

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

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.