Raiffeisen Bank International AG boosted its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI – Free Report) by 167.1% in the second quarter, Holdings Channel reports. The institutional investor owned 6,861 shares of the financial services provider’s stock after acquiring an additional 4,292 shares during the period. Raiffeisen Bank International AG’s holdings in FTAI Aviation were worth $1,809,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in FTAI. Capital World Investors grew its holdings in FTAI Aviation by 41.1% in the fourth quarter. Capital World Investors now owns 8,916,830 shares of the financial services provider’s stock worth $1,755,290,000 after purchasing an additional 2,596,265 shares during the last quarter. Norges Bank acquired a new position in FTAI Aviation in the 4th quarter worth approximately $262,393,000. Northern Right Capital Management L.P. raised its holdings in shares of FTAI Aviation by 884.1% during the second quarter. Northern Right Capital Management L.P. now owns 885,675 shares of the financial services provider’s stock worth $101,888,000 after purchasing an additional 795,675 shares during the last quarter. Rubric Capital Management LP raised its stake in shares of FTAI Aviation by 28.3% during the 2nd quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider’s stock valued at $390,455,000 after buying an additional 749,080 shares during the last quarter. Finally, Alyeska Investment Group L.P. grew its holdings in FTAI Aviation by 249.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 617,802 shares of the financial services provider’s stock worth $121,614,000 after acquiring an additional 440,767 shares during the period. Institutional investors own 88.96% of the company’s stock.
FTAI Aviation Stock Down 1.6%
Shares of NASDAQ FTAI opened at $196.28 on Friday. The business’s 50 day moving average is $215.76 and its two-hundred day moving average is $242.05. FTAI Aviation Ltd. has a 52-week low of $149.50 and a 52-week high of $323.51. The company has a quick ratio of 2.07, a current ratio of 5.28 and a debt-to-equity ratio of 8.55. The firm has a market cap of $20.16 billion, a price-to-earnings ratio of 42.67, a PEG ratio of 0.98 and a beta of 1.51.
FTAI Aviation Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Wednesday, August 12th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Wednesday, August 12th. FTAI Aviation’s dividend payout ratio is 43.48%.
Insider Activity
In other news, President David Moreno acquired 2,475 shares of the company’s stock in a transaction on Friday, July 31st. The shares were bought at an average price of $201.27 per share, with a total value of $498,143.25. Following the completion of the acquisition, the president owned 199,490 shares in the company, valued at $40,151,352.30. This trade represents a 1.26% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.35% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on FTAI shares. Citizens Jmp began coverage on shares of FTAI Aviation in a research note on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 target price for the company. Morgan Stanley boosted their price target on FTAI Aviation from $319.00 to $360.00 and gave the stock an “overweight” rating in a research report on Friday, August 21st. Deutsche Bank Aktiengesellschaft set a $290.00 price objective on shares of FTAI Aviation in a report on Friday, July 31st. BTIG Research lowered their price objective on FTAI Aviation from $400.00 to $350.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $325.00 target price on shares of FTAI Aviation in a report on Sunday, August 2nd. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, FTAI Aviation presently has a consensus rating of “Moderate Buy” and an average target price of $320.11.
Read Our Latest Report on FTAI Aviation
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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