Truist Financial Corp Purchases 14,316 Shares of Ryanair Holdings PLC $RYAAY

Truist Financial Corp increased its holdings in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 192.8% in the third quarter, HoldingsChannel reports. The firm owned 21,741 shares of the transportation company’s stock after buying an additional 14,316 shares during the period. Truist Financial Corp’s holdings in Ryanair were worth $1,309,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in shares of Ryanair by 23.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,800,393 shares of the transportation company’s stock worth $161,499,000 after acquiring an additional 539,256 shares during the period. Baird Financial Group Inc. lifted its holdings in Ryanair by 43.1% during the 2nd quarter. Baird Financial Group Inc. now owns 1,423,685 shares of the transportation company’s stock valued at $82,104,000 after purchasing an additional 428,932 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Ryanair by 658.1% during the first quarter. Goldman Sachs Group Inc. now owns 992,245 shares of the transportation company’s stock worth $42,041,000 after purchasing an additional 861,361 shares during the period. Hudson Edge Investment Partners Inc. increased its holdings in shares of Ryanair by 0.3% in the third quarter. Hudson Edge Investment Partners Inc. now owns 956,650 shares of the transportation company’s stock valued at $57,609,000 after purchasing an additional 2,800 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Ryanair by 10.8% in the second quarter. The Manufacturers Life Insurance Company now owns 882,136 shares of the transportation company’s stock valued at $50,873,000 after purchasing an additional 85,738 shares during the last quarter. Institutional investors own 43.66% of the company’s stock.

Analyst Ratings Changes

RYAAY has been the subject of several research analyst reports. Zacks Research raised shares of Ryanair from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. Weiss Ratings restated a “buy (b-)” rating on shares of Ryanair in a report on Monday, December 29th. Morgan Stanley reaffirmed an “overweight” rating on shares of Ryanair in a research report on Tuesday, January 27th. Citigroup reissued a “buy” rating on shares of Ryanair in a report on Thursday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Ryanair in a report on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Ryanair presently has a consensus rating of “Buy” and an average price target of $73.50.

Ryanair Trading Up 1.6%

Shares of RYAAY stock opened at $68.61 on Monday. The stock has a market cap of $36.02 billion, a P/E ratio of 13.78, a price-to-earnings-growth ratio of 0.65 and a beta of 1.23. Ryanair Holdings PLC has a 1 year low of $38.52 and a 1 year high of $74.24. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.02. The stock has a 50 day simple moving average of $70.07 and a 200 day simple moving average of $64.95.

Ryanair (NASDAQ:RYAAY) last announced its quarterly earnings data on Monday, January 26th. The transportation company reported $0.26 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 29.76% and a net margin of 15.04%. On average, research analysts predict that Ryanair Holdings PLC will post 3.09 earnings per share for the current fiscal year.

Ryanair Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Wednesday, March 4th. Investors of record on Friday, January 16th will be given a dividend of $0.4545 per share. The ex-dividend date of this dividend is Friday, January 16th. Ryanair’s dividend payout ratio is currently 14.26%.

Ryanair Company 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.