AustralianSuper Pty Ltd Purchases New Shares in Ryanair Holdings PLC $RYAAY

AustralianSuper Pty Ltd acquired a new stake in Ryanair Holdings PLC (NASDAQ:RYAAY) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 251,300 shares of the transportation company’s stock, valued at approximately $15,133,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. USA Financial Formulas acquired a new position in shares of Ryanair in the third quarter valued at about $26,000. Parkside Financial Bank & Trust grew its position in shares of Ryanair by 250.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 593 shares of the transportation company’s stock worth $34,000 after purchasing an additional 424 shares in the last quarter. Wealth Preservation Advisors LLC bought a new position in shares of Ryanair during the second quarter worth approximately $39,000. Global Retirement Partners LLC increased its holdings in shares of Ryanair by 68.1% during the third quarter. Global Retirement Partners LLC now owns 684 shares of the transportation company’s stock worth $41,000 after purchasing an additional 277 shares during the period. Finally, Evelyn Partners Investment Management Services Ltd raised its position in shares of Ryanair by 40.4% in the second quarter. Evelyn Partners Investment Management Services Ltd now owns 702 shares of the transportation company’s stock valued at $44,000 after buying an additional 202 shares in the last quarter. Institutional investors and hedge funds own 43.66% of the company’s stock.

Ryanair Stock Performance

Ryanair stock opened at $70.49 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.67 and a debt-to-equity ratio of 0.02. The stock has a market cap of $37.01 billion, a PE ratio of 14.15, a P/E/G ratio of 0.65 and a beta of 1.25. Ryanair Holdings PLC has a 12-month low of $38.52 and a 12-month high of $74.24. The business’s 50-day moving average price is $69.64 and its two-hundred day moving average price is $64.40.

Ryanair (NASDAQ:RYAAY) last posted its earnings results on Monday, January 26th. The transportation company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.08. The firm had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Ryanair had a net margin of 15.04% and a return on equity of 29.76%. As a group, analysts expect that Ryanair Holdings PLC will post 3.09 earnings per share for the current fiscal year.

Ryanair Dividend Announcement

The company also recently declared a special dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Friday, January 16th will be paid a $0.4545 dividend. The ex-dividend date is Friday, January 16th. Ryanair’s dividend payout ratio is presently 13.65%.

Analysts Set New Price Targets

A number of research firms have commented on RYAAY. Sanford C. Bernstein restated a “market perform” rating and set a $71.00 price objective on shares of Ryanair in a research note on Tuesday. Citigroup restated a “buy” rating on shares of Ryanair in a research report on Thursday, October 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ryanair in a research note on Monday, December 29th. Morgan Stanley reiterated an “overweight” rating on shares of Ryanair in a research note on Tuesday. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Ryanair in a report on Thursday, January 8th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $73.50.

Ryanair Profile

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.