Hsbc Holdings PLC bought a new stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 28,447 shares of the financial services provider’s stock, valued at approximately $6,962,000.
Several other institutional investors have also bought and sold shares of the stock. Capital World Investors lifted its stake in FTAI Aviation by 41.1% during the 4th quarter. Capital World Investors now owns 8,916,830 shares of the financial services provider’s stock valued at $1,755,290,000 after acquiring an additional 2,596,265 shares in the last quarter. Norges Bank purchased a new position in FTAI Aviation during the 4th quarter worth $262,393,000. Northern Right Capital Management L.P. grew its stake in shares of FTAI Aviation by 884.1% in the 2nd quarter. Northern Right Capital Management L.P. now owns 885,675 shares of the financial services provider’s stock worth $101,888,000 after acquiring an additional 795,675 shares in the last quarter. Rubric Capital Management LP raised its holdings in shares of FTAI Aviation by 28.3% in the second quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider’s stock valued at $390,455,000 after purchasing an additional 749,080 shares during the last quarter. Finally, Alyeska Investment Group L.P. raised its holdings in shares of FTAI Aviation by 249.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 617,802 shares of the financial services provider’s stock valued at $121,614,000 after purchasing an additional 440,767 shares during the last quarter. Institutional investors own 88.96% of the company’s stock.
FTAI Aviation Stock Down 2.6%
FTAI Aviation stock opened at $216.81 on Friday. The firm has a 50 day simple moving average of $242.53 and a 200 day simple moving average of $254.73. The company has a current ratio of 5.24, a quick ratio of 2.48 and a debt-to-equity ratio of 8.00. FTAI Aviation Ltd. has a 1-year low of $109.90 and a 1-year high of $323.51. The firm has a market capitalization of $22.24 billion, a price-to-earnings ratio of 43.02, a P/E/G ratio of 0.90 and a beta of 1.46.
FTAI Aviation Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Wednesday, May 13th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $1.80 dividend on an annualized basis and a yield of 0.8%. FTAI Aviation’s dividend payout ratio is 31.75%.
Analysts Set New Price Targets
Several research analysts recently weighed in on FTAI shares. Morgan Stanley restated an “overweight” rating and set a $319.00 price target on shares of FTAI Aviation in a report on Friday, May 8th. Zacks Research cut shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Jefferies Financial Group restated a “buy” rating and issued a $400.00 target price on shares of FTAI Aviation in a research note on Sunday, May 3rd. Weiss Ratings raised FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. Finally, BTIG Research upped their price objective on FTAI Aviation from $340.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday. Ten research 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, FTAI Aviation currently has an average rating of “Moderate Buy” and a consensus target price of $340.62.
Get Our Latest Stock Analysis on FTAI Aviation
Insider Transactions at FTAI Aviation
In other news, Director Judith A. Hannaway sold 255 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total transaction of $64,741.95. Following the sale, the director directly owned 3,012 shares in the company, valued at $764,716.68. This represents a 7.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Martin Tuchman sold 67,500 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $241.99, for a total transaction of $16,334,325.00. Following the completion of the sale, the director directly owned 210,491 shares in the company, valued at approximately $50,936,717.09. The trade was a 24.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 254,515 shares of company stock worth $61,599,445 in the last three months. 1.35% of the stock is currently owned by insiders.
FTAI Aviation 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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