Polymer Capital Management HK LTD boosted its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI – Free Report) by 183.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,400 shares of the financial services provider’s stock after purchasing an additional 6,731 shares during the quarter. Polymer Capital Management HK LTD’s holdings in FTAI Aviation were worth $2,047,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. M&T Bank Corp grew its stake in FTAI Aviation by 323.6% during the 4th quarter. M&T Bank Corp now owns 16,112 shares of the financial services provider’s stock valued at $3,172,000 after acquiring an additional 12,308 shares in the last quarter. JPMorgan Chase & Co. grew its stake in FTAI Aviation by 396.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 831,414 shares of the financial services provider’s stock valued at $138,730,000 after acquiring an additional 664,037 shares in the last quarter. Trek Financial LLC purchased a new position in FTAI Aviation during the 4th quarter valued at about $3,936,000. Teachers Retirement System of The State of Kentucky grew its stake in FTAI Aviation by 21.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 65,030 shares of the financial services provider’s stock valued at $10,851,000 after acquiring an additional 11,457 shares in the last quarter. Finally, Oaktree Capital Management LP purchased a new position in FTAI Aviation during the 3rd quarter valued at about $97,642,000. Institutional investors and hedge funds own 88.96% of the company’s stock.
FTAI Aviation Trading Up 0.3%
Shares of NASDAQ FTAI opened at $241.96 on Friday. The stock has a market cap of $24.82 billion, a price-to-earnings ratio of 48.01, a PEG ratio of 0.97 and a beta of 1.47. The business has a 50 day simple moving average of $248.12 and a 200 day simple moving average of $240.74. FTAI Aviation Ltd. has a 52 week low of $108.47 and a 52 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 Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Wednesday, May 13th were issued a dividend of $0.45 per share. The ex-dividend date was Wednesday, May 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. FTAI Aviation’s payout ratio is 31.75%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on FTAI shares. Weiss Ratings cut FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 27th. BTIG Research boosted their price target on FTAI Aviation from $335.00 to $340.00 and gave the company a “buy” rating in a research note on Friday, March 13th. Morgan Stanley reissued an “overweight” rating and issued a $319.00 price target on shares of FTAI Aviation in a research note on Friday, May 8th. Jefferies Financial Group reissued a “buy” rating and issued a $400.00 price target on shares of FTAI Aviation in a research note on Sunday, May 3rd. Finally, Barclays boosted their price target on FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $326.88.
View Our Latest Analysis on FTAI
Insider Buying and Selling
In other news, Director Judith A. Hannaway sold 255 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total transaction of $64,741.95. Following the completion of the transaction, the director directly owned 3,012 shares in the company, valued at $764,716.68. The trade was a 7.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Martin Tuchman sold 143,584 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $242.44, for a total value of $34,810,504.96. Following the transaction, the director owned 236,302 shares of the company’s stock, valued at approximately $57,289,056.88. This trade represents a 37.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 254,515 shares of company stock valued at $61,599,445. Corporate insiders own 1.35% of the company’s stock.
About FTAI Aviation
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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