Credit Industriel ET Commercial Purchases 161,122 Shares of Ryanair Holdings PLC $RYAAY

Key Points

• Credit Industriel ET Commercial increased its stake in Ryanair Holdings PLC by 328.8%, acquiring an additional 161,122 shares in the second quarter, raising its total to 210,123 shares valued at approximately $12.1 million.
• Ryanair's stock has received positive reviews, with both Oddo Bhf and Wall Street Zen upgrading their ratings, while Raymond James set a new target price of $76.00.
• The company recently declared a special dividend of $0.534, reflecting an increase from the previous special dividend of $0.47, with a payout ratio of 16.90%.

Credit Industriel ET Commercial lifted its position in Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 328.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 210,123 shares of the transportation company's stock after buying an additional 161,122 shares during the quarter. Ryanair comprises approximately 1.0% of Credit Industriel ET Commercial's holdings, making the stock its 13th biggest position. Credit Industriel ET Commercial's holdings in Ryanair were worth $12,118,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. bought a new position in Ryanair during the second quarter worth $31,000. Golden State Wealth Management LLC boosted its position in Ryanair by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 962 shares of the transportation company's stock worth $41,000 after purchasing an additional 481 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its position in Ryanair by 1,158.0% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,019 shares of the transportation company's stock worth $43,000 after purchasing an additional 938 shares during the period. CWM LLC boosted its position in Ryanair by 39.8% during the first quarter. CWM LLC now owns 1,191 shares of the transportation company's stock worth $50,000 after purchasing an additional 339 shares during the period. Finally, Maseco LLP bought a new position in Ryanair during the second quarter worth $53,000. 43.66% of the stock is owned by institutional investors.

Analysts Set New Price Targets

RYAAY has been the subject of a number of research analyst reports. Oddo Bhf raised shares of Ryanair from an "underperform" rating to an "outperform" rating in a research report on Wednesday, July 16th. Zacks Research cut shares of Ryanair from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 22nd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Ryanair in a research report on Wednesday, October 8th. Raymond James Financial reissued a "strong-buy" rating and set a $76.00 target price (up previously from $70.00) on shares of Ryanair in a report on Wednesday, July 23rd. Finally, Wall Street Zen raised Ryanair from a "buy" rating to a "strong-buy" rating in a report on Saturday, October 4th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Ryanair has a consensus rating of "Buy" and a consensus target price of $76.00.

Ryanair Stock Up 1.1%

RYAAY opened at $61.02 on Tuesday. Ryanair Holdings PLC has a fifty-two week low of $38.52 and a fifty-two week high of $67.18. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market capitalization of $32.22 billion, a P/E ratio of 14.32, a P/E/G ratio of 0.68 and a beta of 1.38. The stock has a fifty day moving average of $61.38 and a 200-day moving average of $55.97.

Ryanair (NASDAQ:RYAAY - Get Free Report) last posted its earnings results on Monday, July 21st. The transportation company reported $1.74 earnings per share for the quarter, topping analysts' consensus estimates of $1.49 by $0.25. Ryanair had a return on equity of 27.91% and a net margin of 14.42%.The company had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $4.16 billion. On average, equities analysts expect that Ryanair Holdings PLC will post 3.09 EPS for the current year.

Ryanair Increases Dividend

The business also recently declared a special dividend, which was paid on Thursday, September 25th. Investors of record on Friday, August 8th were paid a $0.534 dividend. This is a boost from Ryanair's previous special dividend of $0.47. The ex-dividend date of this dividend was Friday, September 12th. Ryanair's payout ratio is presently 16.90%.

Ryanair 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.

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