FTAI Aviation Ltd. (NYSE:FTAI) Stock Holdings Reduced by Washington State Investment Board

Washington State Investment Board decreased its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 67.8% during the fourth quarter, HoldingsChannel reports. The firm owned 2,070,848 shares of the financial services provider’s stock after selling 4,351,750 shares during the period. FTAI Aviation comprises 77.7% of Washington State Investment Board’s portfolio, making the stock its largest holding. Washington State Investment Board’s holdings in FTAI Aviation were worth $298,285,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Capital International Investors grew its position in shares of FTAI Aviation by 39.7% in the 4th quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider’s stock worth $1,537,940,000 after buying an additional 3,034,838 shares during the last quarter. Norges Bank acquired a new stake in FTAI Aviation in the 4th quarter worth approximately $183,688,000. William Blair Investment Management LLC acquired a new stake in FTAI Aviation in the 4th quarter worth approximately $174,372,000. Shellback Capital LP acquired a new stake in FTAI Aviation in the 4th quarter worth approximately $76,510,000. Finally, Two Sigma Advisers LP boosted its stake in FTAI Aviation by 24.5% in the 4th quarter. Two Sigma Advisers LP now owns 1,305,400 shares of the financial services provider’s stock worth $188,030,000 after purchasing an additional 256,800 shares in the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on FTAI shares. JMP Securities lowered their target price on shares of FTAI Aviation from $190.00 to $180.00 and set a “market outperform” rating for the company in a research note on Thursday, May 8th. Barclays decreased their price objective on shares of FTAI Aviation from $180.00 to $150.00 and set an “overweight” rating for the company in a research note on Thursday, May 1st. Morgan Stanley decreased their price objective on shares of FTAI Aviation from $168.00 to $138.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. Royal Bank of Canada decreased their price objective on shares of FTAI Aviation from $140.00 to $130.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Finally, Citigroup restated a “buy” rating on shares of FTAI Aviation in a research note on Thursday, March 6th. One research analyst has rated the stock with a sell rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $171.83.

Insider Buying and Selling

In other FTAI Aviation news, insider Stacy Kuperus bought 1,087 shares of FTAI Aviation stock in a transaction on Friday, May 2nd. The stock was bought at an average price of $92.90 per share, with a total value of $100,982.30. Following the completion of the acquisition, the insider now owns 88,423 shares in the company, valued at $8,214,496.70. The trade was a 1.24% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO David Moreno bought 6,580 shares of FTAI Aviation stock in a transaction on Friday, May 2nd. The stock was acquired at an average cost of $94.85 per share, with a total value of $624,113.00. Following the acquisition, the chief operating officer now owns 231,623 shares of the company’s stock, valued at $21,969,441.55. This trade represents a 2.92% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 10,667 shares of company stock worth $1,008,715. Company insiders own 1.30% of the company’s stock.

FTAI Aviation Price Performance

FTAI opened at $117.98 on Monday. The stock has a market cap of $12.10 billion, a P/E ratio of -1,179.68 and a beta of 1.64. The firm has a fifty day moving average price of $104.18 and a 200 day moving average price of $124.32. FTAI Aviation Ltd. has a 1 year low of $75.06 and a 1 year high of $181.64.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.08). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. During the same quarter last year, the firm posted $0.31 EPS. The business’s revenue was up 53.7% on a year-over-year basis. Equities analysts expect that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 16th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.02%. FTAI Aviation’s payout ratio is 571.43%.

FTAI Aviation Profile

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.