North Dakota State Investment Board acquired a new stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,577 shares of the financial services provider’s stock, valued at approximately $704,000.
Several other institutional investors have also added to or reduced their stakes in FTAI. First Horizon Corp raised its position in FTAI Aviation by 131.9% during the fourth quarter. First Horizon Corp now owns 320 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 182 shares in the last quarter. Rossby Financial LCC raised its position in FTAI Aviation by 13.6% during the third quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in FTAI Aviation by 88.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 485 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 227 shares in the last quarter. Assetmark Inc. raised its position in FTAI Aviation by 11.0% during the third quarter. Assetmark Inc. now owns 708 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 70 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in FTAI Aviation by 41.0% during the fourth quarter. GAMMA Investing LLC now owns 740 shares of the financial services provider’s stock valued at $146,000 after purchasing an additional 215 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts have commented on the stock. Citizens Jmp boosted their price objective on shares of FTAI Aviation from $230.00 to $325.00 and gave the company a “market outperform” rating in a research report on Thursday, January 29th. Citigroup restated an “outperform” rating on shares of FTAI Aviation in a research report on Thursday, January 29th. Barclays boosted their price objective on shares of FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Morgan Stanley restated an “overweight” rating and set a $319.00 price objective on shares of FTAI Aviation in a research report on Friday, May 8th. Finally, Jefferies Financial Group restated a “buy” rating and set a $400.00 price objective on shares of FTAI Aviation in a research report on Sunday, May 3rd. One investment analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $326.88.
Insider Buying and Selling at FTAI Aviation
In other FTAI Aviation news, Director Martin Tuchman sold 67,500 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $241.99, for a total transaction of $16,334,325.00. Following the sale, the director owned 210,491 shares of the company’s stock, valued at approximately $50,936,717.09. The trade was a 24.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 254,260 shares of company stock worth $61,534,703 over the last quarter. Insiders own 1.35% of the company’s stock.
FTAI Aviation Stock Performance
NASDAQ FTAI opened at $246.46 on Friday. The firm’s fifty day moving average price is $246.35 and its two-hundred day moving average price is $231.61. The stock has a market cap of $25.28 billion, a PE ratio of 48.90, a PEG ratio of 0.97 and a beta of 1.49. FTAI Aviation Ltd. has a fifty-two week low of $108.47 and a fifty-two week high of $323.51. The company has a debt-to-equity ratio of 8.00, a quick ratio of 2.48 and a current ratio of 5.24.
FTAI Aviation (NASDAQ:FTAI – Get Free Report) last posted its earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.32). The company had revenue of $830.70 million for the quarter. FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The business’s revenue was up 65.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.87 earnings per share. On average, equities analysts expect that FTAI Aviation Ltd. will post 6.77 EPS for the current fiscal year.
FTAI Aviation Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Wednesday, May 13th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, May 13th. FTAI Aviation’s payout ratio is presently 31.75%.
FTAI Aviation Company Profile
FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.
In addition to lease origination, FTAI Aviation offers end-to-end asset management services.
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