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

Amalgamated Bank trimmed its position in shares of Ryder System, Inc. (NYSE:R) by 2.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 20,110 shares of the transportation company’s stock after selling 522 shares during the period. Amalgamated Bank’s holdings in Ryder System were worth $3,154,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Kovitz Investment Group Partners LLC lifted its position in Ryder System by 376.5% during the third quarter. Kovitz Investment Group Partners LLC now owns 9,764 shares of the transportation company’s stock valued at $1,405,000 after buying an additional 7,715 shares in the last quarter. James Investment Research Inc. lifted its holdings in shares of Ryder System by 32.0% during the 4th quarter. James Investment Research Inc. now owns 12,374 shares of the transportation company’s stock valued at $1,941,000 after acquiring an additional 2,999 shares in the last quarter. Franklin Resources Inc. boosted its position in Ryder System by 14.3% during the 3rd quarter. Franklin Resources Inc. now owns 136,781 shares of the transportation company’s stock worth $20,724,000 after purchasing an additional 17,074 shares during the period. Assenagon Asset Management S.A. purchased a new position in Ryder System in the fourth quarter valued at about $12,242,000. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Ryder System by 83.0% during the third quarter. Janney Montgomery Scott LLC now owns 9,260 shares of the transportation company’s stock worth $1,350,000 after purchasing an additional 4,200 shares in the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.

Ryder System Stock Performance

Shares of R opened at $164.40 on Friday. The firm has a market cap of $6.92 billion, a price-to-earnings ratio of 14.82 and a beta of 1.29. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. The business’s 50 day moving average is $160.77 and its two-hundred day moving average is $154.11. Ryder System, Inc. has a 52-week low of $106.88 and a 52-week high of $171.78.

Ryder System (NYSE:R) last posted its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share (EPS) for the quarter, beating 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%. Analysts forecast that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on R. StockNews.com downgraded Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. dropped their price objective on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Finally, The Goldman Sachs Group upped their target price 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. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

Ryder System 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.