Amalgamated Bank Sells 6,705 Shares of Ryder System, Inc. (NYSE:R)

Amalgamated Bank lessened its holdings in Ryder System, Inc. (NYSE:R - Free Report) by 24.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,632 shares of the transportation company's stock after selling 6,705 shares during the period. Amalgamated Bank's holdings in Ryder System were worth $3,008,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. QRG Capital Management Inc. increased its holdings in shares of Ryder System by 6.1% during the third quarter. QRG Capital Management Inc. now owns 18,360 shares of the transportation company's stock worth $2,677,000 after buying an additional 1,063 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings 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 buying an additional 4,200 shares in the last quarter. James Investment Research Inc. acquired a new stake in shares of Ryder System during the third quarter worth approximately $1,367,000. US Bancorp DE increased its holdings in shares of Ryder System by 40.6% during the third quarter. US Bancorp DE now owns 5,719 shares of the transportation company's stock worth $834,000 after buying an additional 1,652 shares in the last quarter. Finally, Custom Index Systems LLC increased its holdings in shares of Ryder System by 78.4% during the third quarter. Custom Index Systems LLC now owns 4,372 shares of the transportation company's stock worth $637,000 after buying an additional 1,922 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Ryder System from $148.00 to $144.00 and set a "neutral" rating on the stock in a research note on Friday, October 25th. Robert W. Baird raised their price objective on shares of Ryder System from $140.00 to $155.00 and gave the company an "outperform" rating in a research note on Friday, July 26th. Finally, StockNews.com cut shares of Ryder System from a "buy" rating to a "hold" rating in a research note on Tuesday, October 29th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Ryder System currently has a consensus rating of "Moderate Buy" and an average price target of $140.57.

Ryder System Trading Up 2.1 %

R traded up $3.35 during mid-day trading on Monday, hitting $166.17. The stock had a trading volume of 314,594 shares, compared to its average volume of 264,014. The stock's fifty day simple moving average is $145.60 and its 200-day simple moving average is $134.10. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a market capitalization of $7.03 billion, a price-to-earnings ratio of 15.54 and a beta of 1.28. Ryder System, Inc. has a 1-year low of $102.81 and a 1-year high of $167.07.

Ryder System (NYSE:R - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The transportation company reported $3.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.39 by $0.05. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. The firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same period in the previous year, the business earned $3.58 EPS. The company's revenue was up 8.3% compared to the same quarter last year. As a group, research analysts forecast that Ryder System, Inc. will post 12.01 EPS for the current fiscal year.

Ryder System Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, November 18th will be paid a $0.81 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $3.24 annualized dividend and a yield of 1.95%. Ryder System's payout ratio is currently 30.31%.

Insider Buying and Selling at Ryder System

In other news, insider Thomas M. Havens sold 4,000 shares of Ryder System stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $157.44, for a total value of $629,760.00. Following the completion of the transaction, the insider now owns 20,504 shares of the company's stock, valued at $3,228,149.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 5.10% of the company's stock.

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.