Ryanair Holdings PLC $RYAAY Shares Acquired by US Bancorp DE

US Bancorp DE increased its holdings in Ryanair Holdings PLC (NASDAQ:RYAAY) by 10,134.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,002 shares of the transportation company’s stock after buying an additional 34,660 shares during the quarter. US Bancorp DE’s holdings in Ryanair were worth $2,108,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Thoroughbred Financial Services LLC grew its stake in shares of Ryanair by 2.5% in the third quarter. Thoroughbred Financial Services LLC now owns 12,419 shares of the transportation company’s stock worth $747,000 after purchasing an additional 304 shares in the last quarter. Vestmark Advisory Solutions Inc. increased its stake in Ryanair by 27.8% during the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 13,779 shares of the transportation company’s stock valued at $830,000 after buying an additional 2,997 shares during the period. Bleakley Financial Group LLC raised its position in shares of Ryanair by 4.1% during the 3rd quarter. Bleakley Financial Group LLC now owns 30,561 shares of the transportation company’s stock worth $1,840,000 after buying an additional 1,194 shares in the last quarter. Citigroup Inc. lifted its stake in shares of Ryanair by 67.6% in the 3rd quarter. Citigroup Inc. now owns 68,083 shares of the transportation company’s stock worth $4,100,000 after acquiring an additional 27,454 shares during the period. Finally, Personal CFO Solutions LLC bought a new position in shares of Ryanair in the third quarter valued at approximately $336,000. Institutional investors own 43.66% of the company’s stock.

Ryanair Trading Up 1.8%

Ryanair stock opened at $65.12 on Thursday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.02. Ryanair Holdings PLC has a 12 month low of $38.52 and a 12 month high of $74.24. The company’s fifty day simple moving average is $68.89 and its 200-day simple moving average is $65.20. The stock has a market cap of $34.14 billion, a P/E ratio of 13.08, a P/E/G ratio of 0.60 and a beta of 1.22.

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

Ryanair Announces Dividend

The firm also recently declared a special dividend, which was paid on Wednesday, March 4th. Stockholders of record on Friday, January 16th were issued a dividend of $0.4545 per share. The ex-dividend date was Friday, January 16th. Ryanair’s dividend payout ratio (DPR) is currently 14.26%.

Analysts Set New Price Targets

Several equities research analysts recently commented on RYAAY shares. Sanford C. Bernstein reissued a “market perform” rating and set a $71.00 target price on shares of Ryanair in a report on Tuesday, January 27th. Morgan Stanley reaffirmed an “overweight” rating on shares of Ryanair in a report on Tuesday, January 27th. Zacks Research downgraded shares of Ryanair from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th. Weiss Ratings lowered shares of Ryanair from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 24th. Finally, Erste Group Bank downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Ryanair presently has a consensus rating of “Moderate Buy” and a consensus 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.