Tounjian Advisory Partners LLC Buys New Position in Ryder System, Inc. (NYSE:R)

Tounjian Advisory Partners LLC acquired a new stake in shares of Ryder System, Inc. (NYSE:R - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,682 shares of the transportation company's stock, valued at approximately $242,000.

A number of other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. raised its holdings in Ryder System by 98.9% during the first quarter. UMB Bank n.a. now owns 720 shares of the transportation company's stock valued at $104,000 after buying an additional 358 shares in the last quarter. Curat Global LLC bought a new position in Ryder System during the first quarter valued at about $55,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Ryder System during the first quarter valued at about $26,000. Merit Financial Group LLC bought a new position in Ryder System during the first quarter valued at about $223,000. Finally, GAMMA Investing LLC raised its holdings in Ryder System by 20,298.3% during the first quarter. GAMMA Investing LLC now owns 183,789 shares of the transportation company's stock valued at $26,431,000 after buying an additional 182,888 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company's stock.

Insider Buying and Selling

In other Ryder System news, CEO Robert E. Sanchez sold 18,496 shares of the company's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $155.73, for a total transaction of $2,880,382.08. Following the completion of the sale, the chief executive officer now owns 40,824 shares in the company, valued at approximately $6,357,521.52. The trade was a 31.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director E Follin Smith sold 1,243 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $144.38, for a total value of $179,464.34. Following the transaction, the director now owns 39,802 shares of the company's stock, valued at approximately $5,746,612.76. This trade represents a 3.03% decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is owned by corporate insiders.

Ryder System Stock Performance

R traded down $3.96 on Wednesday, hitting $150.10. 298,861 shares of the stock traded hands, compared to its average volume of 325,810. Ryder System, Inc. has a 52 week low of $116.58 and a 52 week high of $171.78. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. The firm has a market capitalization of $6.21 billion, a PE ratio of 13.53 and a beta of 0.96. The business has a fifty day moving average price of $144.85 and a two-hundred day moving average price of $153.25.

Ryder System (NYSE:R - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.06. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. The company had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same period in the prior year, the company posted $2.14 EPS. The company's revenue was up 1.1% compared to the same quarter last year. On average, research analysts predict 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, June 20th. Investors of record on Monday, May 19th will be given a dividend of $0.81 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $3.24 dividend on an annualized basis and a yield of 2.16%. Ryder System's dividend payout ratio (DPR) is presently 28.25%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Ryder System from $174.00 to $165.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Barclays assumed coverage on Ryder System in a research note on Monday. They issued an "overweight" rating and a $190.00 price objective on the stock. Stephens dropped their price objective on Ryder System from $168.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Finally, Wall Street Zen lowered Ryder System from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $164.71.

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.