Truist Financial Corp Has $1.31 Million Stock Position in Ryanair Holdings PLC $RYAAY

Truist Financial Corp increased its position in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 192.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,741 shares of the transportation company’s stock after acquiring an additional 14,316 shares during the quarter. Truist Financial Corp’s holdings in Ryanair were worth $1,309,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RYAAY. Goldman Sachs Group Inc. lifted its position in Ryanair by 658.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 992,245 shares of the transportation company’s stock valued at $42,041,000 after purchasing an additional 861,361 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in Ryanair by 5.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 32,331 shares of the transportation company’s stock valued at $1,867,000 after buying an additional 1,642 shares during the period. Credit Industriel ET Commercial boosted its stake in Ryanair by 328.8% in the second quarter. Credit Industriel ET Commercial now owns 210,123 shares of the transportation company’s stock valued at $12,118,000 after acquiring an additional 161,122 shares during the last quarter. RFG Advisory LLC acquired a new position in Ryanair in the second quarter valued at about $204,000. Finally, Bayforest Capital Ltd bought a new stake in shares of Ryanair in the second quarter worth about $628,000. 43.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on RYAAY shares. Citigroup reiterated a “buy” rating on shares of Ryanair in a research report on Thursday, October 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ryanair in a research note on Thursday, January 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Ryanair in a research report on Monday, December 29th. Zacks Research upgraded shares of Ryanair from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. Finally, Wall Street Zen lowered shares of Ryanair from a “buy” rating to a “hold” rating in a research note on Sunday, January 25th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $73.50.

Ryanair Trading Up 1.6%

Ryanair stock opened at $68.61 on Monday. The company has a market cap of $36.02 billion, a price-to-earnings ratio of 13.78, a P/E/G ratio of 0.65 and a beta of 1.23. The firm has a 50-day moving average of $70.07 and a 200-day moving average of $64.95. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.67 and a quick ratio of 0.67. Ryanair Holdings PLC has a one year low of $38.52 and a one year high of $74.24.

Ryanair (NASDAQ:RYAAY) last released 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. The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.16 billion. Ryanair had a return on equity of 29.76% and a net margin of 15.04%. On average, equities analysts expect that Ryanair Holdings PLC will post 3.09 earnings per share for the current fiscal 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 paid a $0.4545 dividend. The ex-dividend date of this dividend is Friday, January 16th. Ryanair’s dividend payout ratio (DPR) is currently 14.26%.

Ryanair 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.