Ryanair Holdings PLC $RYAAY Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its position in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 45.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 680,786 shares of the transportation company’s stock after acquiring an additional 212,358 shares during the period. Envestnet Asset Management Inc.’s holdings in Ryanair were worth $40,997,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. JCIC Asset Management Inc. purchased a new stake in Ryanair during the 3rd quarter worth approximately $4,160,000. Truist Financial Corp boosted its holdings in Ryanair by 192.8% in the third quarter. Truist Financial Corp now owns 21,741 shares of the transportation company’s stock valued at $1,309,000 after purchasing an additional 14,316 shares during the period. Asset Management One Co. Ltd. grew its stake in Ryanair by 55.2% during the 2nd quarter. Asset Management One Co. Ltd. now owns 79,784 shares of the transportation company’s stock worth $4,601,000 after purchasing an additional 28,364 shares in the last quarter. Summit Global Investments purchased a new stake in Ryanair during the 2nd quarter worth about $1,289,000. Finally, Norges Bank purchased a new position in shares of Ryanair in the 2nd quarter valued at about $2,336,000. 43.66% of the stock is owned by institutional investors and hedge funds.

Ryanair Trading Down 3.5%

NASDAQ:RYAAY opened at $67.08 on Wednesday. The stock’s 50 day simple moving average is $70.14 and its 200-day simple moving average is $65.02. Ryanair Holdings PLC has a 12-month low of $38.52 and a 12-month 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 firm has a market cap of $35.22 billion, a P/E ratio of 13.47, a PEG ratio of 0.66 and a beta of 1.23.

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

Ryanair Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have commented on RYAAY. Citigroup reiterated a “buy” rating on shares of Ryanair in a report on Thursday, October 23rd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ryanair in a report on Thursday, January 8th. Morgan Stanley reiterated an “overweight” rating on shares of Ryanair in a research note on Tuesday, January 27th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $71.00 target price on shares of Ryanair in a research report on Tuesday, January 27th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Ryanair in a research note on Thursday, January 15th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $73.50.

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.