Ryanair Holdings plc (NASDAQ:RYAAY) Stake Cut by Truist Financial Corp

Truist Financial Corp decreased its holdings in shares of Ryanair Holdings plc (NASDAQ:RYAAY) by 6.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,119 shares of the transportation company’s stock after selling 566 shares during the period. Truist Financial Corp’s holdings in Ryanair were worth $354,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of RYAAY. CIBC Asset Management Inc boosted its holdings in shares of Ryanair by 119.5% during the fourth quarter. CIBC Asset Management Inc now owns 209,892 shares of the transportation company’s stock valued at $9,149,000 after acquiring an additional 114,271 shares during the period. ABC Arbitrage SA bought a new stake in Ryanair in the 4th quarter valued at about $930,000. Blue Trust Inc. boosted its stake in Ryanair by 56.3% during the 4th quarter. Blue Trust Inc. now owns 3,847 shares of the transportation company’s stock valued at $168,000 after purchasing an additional 1,385 shares during the period. Coronation Fund Managers Ltd. grew its position in Ryanair by 21.0% in the 4th quarter. Coronation Fund Managers Ltd. now owns 730,732 shares of the transportation company’s stock worth $31,853,000 after purchasing an additional 126,618 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB increased its stake in shares of Ryanair by 8.3% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 3,369 shares of the transportation company’s stock valued at $147,000 after purchasing an additional 259 shares during the period. 43.66% of the stock is owned by institutional investors and hedge funds.

Ryanair Price Performance

NASDAQ RYAAY opened at $46.57 on Wednesday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. Ryanair Holdings plc has a 1 year low of $36.96 and a 1 year high of $60.29. The company has a market cap of $25.17 billion, a PE ratio of 14.28, a PEG ratio of 2.01 and a beta of 1.50. The stock’s 50-day moving average price is $45.03 and its two-hundred day moving average price is $58.60.

Ryanair (NASDAQ:RYAAY) last released its quarterly earnings results on Monday, February 3rd. The transportation company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.20. Ryanair had a net margin of 12.14% and a return on equity of 21.46%. On average, analysts predict that Ryanair Holdings plc will post 3.09 EPS for the current year.

Ryanair Dividend Announcement

The business also recently declared a — dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, January 17th will be given a $0.4677 dividend. This represents a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, January 17th. Ryanair’s dividend payout ratio (DPR) is 30.37%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. StockNews.com lowered Ryanair from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. UBS Group raised shares of Ryanair from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $151.00.

Ryanair Company Profile

Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, Italy, Spain, and internationally. It is also involved in the provision of various ancillary services, such as non-flight scheduled and Internet-related services, as well as in-flight sale of beverages, food, duty-free, and merchandise; and markets car hire, travel insurance, and accommodation services through its website and mobile app.