Wellington Management Group LLP Has $131.95 Million Position in Ryanair Holdings PLC $RYAAY

Key Points

• Wellington Management Group LLP reduced its stake in Ryanair Holdings PLC by 4.4%, now holding approximately $131.95 million worth, indicating a shift in institutional investments.
• Ryanair reported impressive quarterly earnings of $1.74 EPS, exceeding forecasts and showing a strong return on equity of 27.91% with revenues reaching $5.07 billion.
• The company has increased its dividend to $0.534, demonstrating a commitment to shareholder returns, with a current payout ratio of 23.47%.

Wellington Management Group LLP lessened its position in Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 4.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,114,129 shares of the transportation company's stock after selling 143,045 shares during the period. Wellington Management Group LLP owned approximately 0.59% of Ryanair worth $131,946,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Northern Trust Corp increased its stake in Ryanair by 98.8% during the 1st quarter. Northern Trust Corp now owns 357,576 shares of the transportation company's stock worth $15,150,000 after purchasing an additional 177,674 shares in the last quarter. Brooklyn Investment Group boosted its holdings in shares of Ryanair by 260.5% in the first quarter. Brooklyn Investment Group now owns 1,424 shares of the transportation company's stock valued at $60,000 after buying an additional 1,029 shares during the period. Cambiar Investors LLC bought a new stake in shares of Ryanair during the first quarter worth $11,785,000. Raymond James Financial Inc. raised its holdings in shares of Ryanair by 17.9% during the first quarter. Raymond James Financial Inc. now owns 498,824 shares of the transportation company's stock worth $21,135,000 after acquiring an additional 75,666 shares during the period. Finally, American Century Companies Inc. bought a new stake in Ryanair in the 1st quarter valued at $248,000. 43.66% of the stock is currently owned by institutional investors and hedge funds.

Ryanair Trading Down 0.4%

NASDAQ RYAAY opened at $65.13 on Friday. Ryanair Holdings PLC has a 12 month low of $38.52 and a 12 month high of $67.18. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.02. The stock has a 50 day moving average of $60.31 and a 200-day moving average of $52.36. The company has a market cap of $34.54 billion, a PE ratio of 15.29, a PEG ratio of 1.08 and a beta of 1.36.

Ryanair (NASDAQ:RYAAY - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The transportation company reported $1.74 EPS 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 business had revenue of $5.07 billion during the quarter, compared to analysts' expectations of $4.16 billion. On average, equities research analysts anticipate that Ryanair Holdings PLC will post 3.09 EPS for the current fiscal year.

Ryanair Increases Dividend

The business also recently disclosed a -- dividend, which will be paid on Thursday, September 25th. Shareholders of record on Friday, August 8th will be issued a $0.534 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a yield of 120.0%. This is a boost from Ryanair's previous -- dividend of $0.47. Ryanair's payout ratio is presently 23.47%.

Analyst Ratings Changes

Several analysts have issued reports on RYAAY shares. Oddo Bhf raised Ryanair from an "underperform" rating to an "outperform" rating in a research note on Wednesday, July 16th. Citigroup reiterated a "buy" rating on shares of Ryanair in a report on Wednesday, May 21st. Royal Bank Of Canada restated an "outperform" rating on shares of Ryanair in a research note on Wednesday, May 21st. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Ryanair in a research report on Wednesday, May 21st. Finally, Raymond James Financial reaffirmed a "strong-buy" rating and set a $76.00 price target (up from $70.00) on shares of Ryanair in a research note on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $111.50.

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.

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