Amalgamated Bank Buys 3,816 Shares of Ryder System, Inc. (NYSE:R)

Amalgamated Bank lifted its stake in Ryder System, Inc. (NYSE:R) by 12.7% during the fourth quarter, Holdings Channel reports. The fund owned 33,896 shares of the transportation company’s stock after acquiring an additional 3,816 shares during the quarter. Amalgamated Bank’s holdings in Ryder System were worth $3,900,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Contravisory Investment Management Inc. bought a new position in shares of Ryder System in the fourth quarter worth about $26,000. Headlands Technologies LLC bought a new stake in shares of Ryder System in the third quarter valued at approximately $26,000. GAMMA Investing LLC bought a new position in Ryder System during the fourth quarter worth $45,000. Quent Capital LLC raised its stake in Ryder System by 17.7% during the 4th quarter. Quent Capital LLC now owns 745 shares of the transportation company’s stock valued at $86,000 after purchasing an additional 112 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in Ryder System by 110.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,789 shares of the transportation company’s stock valued at $191,000 after purchasing an additional 939 shares during the period. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Ryder System Price Performance

Ryder System stock opened at $125.50 on Thursday. The business has a 50 day simple moving average of $117.06 and a 200 day simple moving average of $112.13. Ryder System, Inc. has a one year low of $77.60 and a one year high of $127.21. The company has a market capitalization of $5.50 billion, a PE ratio of 16.34 and a beta of 1.38. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.82 and a quick ratio of 0.82.

Ryder System (NYSE:R) last issued its earnings results on Tuesday, April 23rd. The transportation company reported $2.14 EPS for the quarter, beating the consensus estimate of $1.71 by $0.43. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.06 billion. Ryder System had a net margin of 2.95% and a return on equity of 18.38%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.81 EPS. On average, sell-side analysts forecast that Ryder System, Inc. will post 11.98 EPS for the current fiscal year.

Ryder System Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Monday, May 20th will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Friday, May 17th. Ryder System’s payout ratio is 36.98%.

Insider Activity

In other news, Director Luis P. Nieto, Jr. sold 1,443 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $125.61, for a total transaction of $181,255.23. Following the sale, the director now owns 28,569 shares in the company, valued at $3,588,552.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Thomas M. Havens sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $119.40, for a total value of $955,200.00. Following the completion of the transaction, the insider now owns 24,401 shares in the company, valued at approximately $2,913,479.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Luis P. Nieto, Jr. sold 1,443 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $125.61, for a total value of $181,255.23. Following the transaction, the director now directly owns 28,569 shares in the company, valued at approximately $3,588,552.09. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,211 shares of company stock worth $2,873,869. Insiders own 5.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. The Goldman Sachs Group upped their price objective on shares of Ryder System from $122.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. StockNews.com raised Ryder System from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. Stephens lifted their price objective 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 lowered Ryder System from a “buy” rating to a “hold” rating and set a $120.00 target price for the company. in a research note on Wednesday, January 10th. Finally, Wells Fargo & Company raised their target price on Ryder System from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $126.83.

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.