Franklin Resources Inc. Has $81.28 Million Holdings in Ryanair Holdings plc (NASDAQ:RYAAY)

Franklin Resources Inc. grew its holdings in Ryanair Holdings plc (NASDAQ:RYAAY) by 142.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,839,384 shares of the transportation company’s stock after purchasing an additional 1,079,920 shares during the quarter. Franklin Resources Inc. owned about 0.34% of Ryanair worth $81,282,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA lifted its position in Ryanair by 188.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 27,263,436 shares of the transportation company’s stock valued at $1,231,762,000 after purchasing an additional 17,810,361 shares during the period. Baillie Gifford & Co. lifted its stake in Ryanair by 175.7% in the third quarter. Baillie Gifford & Co. now owns 23,548,902 shares of the transportation company’s stock valued at $1,063,939,000 after buying an additional 15,008,023 shares during the period. FMR LLC boosted its holdings in Ryanair by 35.3% during the third quarter. FMR LLC now owns 8,734,646 shares of the transportation company’s stock worth $394,631,000 after buying an additional 2,279,679 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Ryanair by 169.7% in the 3rd quarter. Janus Henderson Group PLC now owns 6,305,368 shares of the transportation company’s stock valued at $284,893,000 after acquiring an additional 3,967,436 shares during the last quarter. Finally, Metropolis Capital Ltd raised its position in shares of Ryanair by 177.4% in the 3rd quarter. Metropolis Capital Ltd now owns 4,006,107 shares of the transportation company’s stock valued at $180,996,000 after acquiring an additional 2,562,066 shares during the period. 43.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on RYAAY. Sanford C. Bernstein lowered their price objective on shares of Ryanair from $149.00 to $147.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. StockNews.com upgraded shares of Ryanair from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. UBS Group upgraded Ryanair from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. Finally, Barclays raised Ryanair from an “equal weight” rating to an “overweight” rating in a research report on Friday, October 25th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $154.67.

Ryanair Stock Down 1.6 %

Shares of RYAAY stock opened at $44.73 on Tuesday. The firm’s 50-day moving average is $44.85 and its 200-day moving average is $84.99. The stock has a market cap of $24.25 billion, a price-to-earnings ratio of 14.91, a PEG ratio of 2.62 and a beta of 1.51. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.81 and a current ratio of 0.81. Ryanair Holdings plc has a 52-week low of $36.96 and a 52-week high of $60.29.

Ryanair (NASDAQ:RYAAY) last posted its earnings results on Monday, November 4th. The transportation company reported $2.82 earnings per share for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.09). Ryanair had a return on equity of 19.92% and a net margin of 11.38%. The business had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.59 billion. During the same period in the previous year, the firm posted $2.88 earnings per share. Sell-side analysts predict that Ryanair Holdings plc will post 2.97 EPS for the current year.

Ryanair Dividend Announcement

The business also recently announced a — dividend, which will be paid on Monday, March 10th. Investors of record on Friday, January 17th will be issued a dividend of $0.4677 per share. This represents a dividend yield of 4.2%. The ex-dividend date is Friday, January 17th. Ryanair’s payout ratio is 33.33%.

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.