Tounjian Advisory Partners LLC Invests $242,000 in Ryder System, Inc. (NYSE:R)

Tounjian Advisory Partners LLC bought a new position in shares of Ryder System, Inc. (NYSE:R) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,682 shares of the transportation company’s stock, valued at approximately $242,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in shares of Ryder System during the fourth quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Ryder System during the first quarter worth about $26,000. Principal Securities Inc. increased its position 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 worth $54,000 after acquiring an additional 92 shares in the last quarter. Curat Global LLC bought a new stake in shares of Ryder System during the first quarter worth about $55,000. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Ryder System during the fourth quarter worth about $59,000. 87.47% of the stock is owned by institutional investors.

Insider Activity at Ryder System

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

Ryder System Stock Up 1.7%

Ryder System stock opened at $153.11 on Tuesday. Ryder System, Inc. has a twelve month low of $116.58 and a twelve month high of $171.78. The firm has a 50 day moving average price of $144.55 and a 200-day moving average price of $153.24. The company has a market capitalization of $6.33 billion, a P/E ratio of 13.81 and a beta of 0.96. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14.

Ryder System (NYSE:R) last announced its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.06. The company had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. Ryder System’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.14 EPS. As a group, equities analysts predict that Ryder System, Inc. will post 13.68 EPS for the current 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 paid a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Monday, May 19th. Ryder System’s payout ratio is currently 28.25%.

Wall Street Analysts Forecast Growth

R has been the subject of several recent research reports. Wall Street Zen downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. Barclays began coverage on shares of Ryder System in a research report on Monday. They issued an “overweight” rating and a $190.00 price objective for the company. Stephens reduced their price objective on shares of Ryder System from $168.00 to $150.00 and set an “equal weight” rating for the company in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Ryder System from $174.00 to $165.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $164.71.

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.