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

Tounjian Advisory Partners LLC bought a new stake in shares of Ryder System, Inc. (NYSE:R - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,682 shares of the transportation company's stock, valued at approximately $242,000.

Other institutional investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in shares of Ryder System during the fourth quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Ryder System during the first quarter valued at approximately $26,000. Principal Securities Inc. grew its holdings in shares of Ryder System by 36.5% during the fourth quarter. Principal Securities Inc. now owns 344 shares of the transportation company's stock valued at $54,000 after purchasing an additional 92 shares during the last quarter. Curat Global LLC bought a new position in shares of Ryder System during the first quarter valued at approximately $55,000. Finally, Kapitalo Investimentos Ltda bought a new position in shares of Ryder System during the fourth quarter valued at approximately $59,000. 87.47% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several research firms have recently commented on R. Barclays began coverage on Ryder System in a report on Monday. They set an "overweight" rating and a $190.00 target price for the company. JPMorgan Chase & Co. lowered their target price on Ryder System from $174.00 to $165.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Wall Street Zen lowered Ryder System from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Finally, Stephens decreased their price objective on Ryder System from $168.00 to $150.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Ryder System presently has an average rating of "Moderate Buy" and an average target price of $164.71.

Ryder System Stock Performance

R stock traded down $2.54 on Friday, reaching $147.11. The company's stock had a trading volume of 221,408 shares, compared to its average volume of 326,076. Ryder System, Inc. has a 52 week low of $116.58 and a 52 week high of $171.78. The company has a market capitalization of $6.08 billion, a P/E ratio of 13.27 and a beta of 0.96. The firm has a fifty day moving average of $145.89 and a two-hundred day moving average of $152.93. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75.

Ryder System (NYSE:R - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.40 by $0.06. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. The business had revenue of $3.13 billion during 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 business's revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, analysts predict that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, May 19th will be given a $0.81 dividend. 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 2.20%. Ryder System's dividend payout ratio (DPR) is 28.25%.

Ryder System Company 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.