Raymond James Financial Inc. Increases Stake in Ryanair Holdings PLC $RYAAY

Raymond James Financial Inc. grew its holdings in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 17.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 498,824 shares of the transportation company’s stock after acquiring an additional 75,666 shares during the period. Raymond James Financial Inc. owned about 0.09% of Ryanair worth $21,135,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of RYAAY. Cambridge Investment Research Advisors Inc. raised its stake in shares of Ryanair by 26.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,725 shares of the transportation company’s stock worth $327,000 after buying an additional 1,621 shares during the period. Farther Finance Advisors LLC increased its holdings in Ryanair by 1,190.3% in the 1st quarter. Farther Finance Advisors LLC now owns 5,832 shares of the transportation company’s stock worth $249,000 after acquiring an additional 5,380 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Ryanair by 19.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 526,540 shares of the transportation company’s stock worth $22,310,000 after acquiring an additional 87,532 shares during the period. Golden State Wealth Management LLC raised its stake in Ryanair by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 962 shares of the transportation company’s stock worth $41,000 after acquiring an additional 481 shares during the period. Finally, Avantax Advisory Services Inc. raised its position in shares of Ryanair by 2.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 8,094 shares of the transportation company’s stock valued at $343,000 after purchasing an additional 206 shares during the period. 43.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

RYAAY has been the topic of several recent analyst reports. Oddo Bhf raised Ryanair from an “underperform” rating to an “outperform” rating in a research note on Wednesday, July 16th. Raymond James Financial reiterated a “strong-buy” rating and set a $76.00 price objective (up previously from $70.00) on shares of Ryanair in a research report on Wednesday, July 23rd. Royal Bank Of Canada reissued an “outperform” rating on shares of Ryanair in a report on Wednesday, May 21st. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Ryanair in a research note on Wednesday, May 21st. Finally, Wall Street Zen upgraded shares of Ryanair from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 26th. Two investment analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $111.50.

Ryanair Price Performance

Ryanair stock opened at $65.95 on Wednesday. The firm’s fifty day moving average is $60.95 and its 200 day moving average is $52.80. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.02. The company has a market cap of $34.97 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 1.08 and a beta of 1.36. Ryanair Holdings PLC has a 52-week low of $38.52 and a 52-week high of $67.18.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings data on Monday, July 21st. The transportation company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.25. The company had revenue of $5.07 billion for the quarter, compared to analysts’ expectations of $4.16 billion. Ryanair had a return on equity of 27.91% and a net margin of 14.42%. Sell-side analysts forecast that Ryanair Holdings PLC will post 3.09 EPS for the current fiscal year.

Ryanair Increases Dividend

The business also recently declared a — dividend, which will be paid on Thursday, September 25th. Investors of record on Friday, August 8th will be given a $0.534 dividend. This is a boost from Ryanair’s previous — dividend of $0.47. This represents a yield of 120.0%. The ex-dividend date is Friday, September 12th. Ryanair’s dividend payout ratio is 14.55%.

About Ryanair

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.