AustralianSuper Pty Ltd Invests $15.13 Million in Ryanair Holdings PLC $RYAAY

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

A number of other institutional investors have also recently added to or reduced their stakes in RYAAY. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Ryanair by 8.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,195 shares of the transportation company’s stock valued at $2,119,000 after acquiring an additional 2,860 shares during the last quarter. Truist Financial Corp increased 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. One Wealth Advisors LLC bought a new position in Ryanair during the 3rd quarter worth $364,000. CIBC Asset Management Inc lifted its holdings in Ryanair by 78.3% during the 3rd quarter. CIBC Asset Management Inc now owns 64,843 shares of the transportation company’s stock worth $3,905,000 after buying an additional 28,477 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Ryanair in the 3rd quarter valued at about $2,920,000. 43.66% of the stock is owned by institutional investors.

Ryanair Stock Performance

Shares of RYAAY stock opened at $70.49 on Friday. The firm has a 50 day moving average of $69.64 and a 200-day moving average of $64.40. The company has a market cap of $37.01 billion, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 0.65 and a beta of 1.25. The company has a quick ratio of 0.71, a current ratio of 0.67 and a debt-to-equity ratio of 0.02. Ryanair Holdings PLC has a 52 week low of $38.52 and a 52 week high of $74.24.

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

Ryanair Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on RYAAY shares. Zacks Research upgraded Ryanair from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Wall Street Zen lowered shares of Ryanair from a “buy” rating to a “hold” rating in a report on Sunday, January 25th. Citigroup restated a “buy” rating on shares of Ryanair in a research report on Thursday, October 23rd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ryanair in a research report on Thursday, January 8th. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $71.00 target price on shares of Ryanair in a report on Tuesday. Two investment 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 data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $73.50.

About Ryanair

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.