41,985 Shares in FTAI Aviation Ltd. $FTAI Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in FTAI Aviation Ltd. (NASDAQ:FTAI – Free Report) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 41,985 shares of the financial services provider’s stock, valued at approximately $7,013,000.

A number of other hedge funds have also made changes to their positions in the company. Weybosset Research & Management LLC acquired a new position in shares of FTAI Aviation during the 3rd quarter worth approximately $20,086,000. IFP Advisors Inc increased its position in FTAI Aviation by 15.3% during the third quarter. IFP Advisors Inc now owns 740 shares of the financial services provider’s stock worth $124,000 after buying an additional 98 shares in the last quarter. Community Trust & Investment Co. purchased a new position in FTAI Aviation during the third quarter worth $10,283,000. Assenagon Asset Management S.A. acquired a new position in shares of FTAI Aviation in the third quarter worth $6,310,000. Finally, LDR Capital Management LLC acquired a new position in shares of FTAI Aviation in the third quarter worth $601,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Wall Street Analyst Weigh In

FTAI has been the subject of a number of analyst reports. Barclays cut their price objective on shares of FTAI Aviation from $350.00 to $310.00 and set an “overweight” rating for the company in a research report on Tuesday, September 15th. Royal Bank Of Canada decreased their target price on shares of FTAI Aviation from $350.00 to $300.00 and set an “outperform” rating on the stock in a research report on Monday, July 27th. BTIG Research lowered their target price on shares of FTAI Aviation from $400.00 to $350.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft set a $290.00 target price on shares of FTAI Aviation in a research note on Friday, July 31st. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $325.00 price target on shares of FTAI Aviation in a report on Sunday, August 2nd. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $310.62.

Get Our Latest Report on FTAI

FTAI Aviation Trading Up 3.5%

NASDAQ FTAI opened at $163.52 on Thursday. The company has a market cap of $16.80 billion, a P/E ratio of 35.55, a P/E/G ratio of 0.79 and a beta of 1.51. FTAI Aviation Ltd. has a 12 month low of $149.50 and a 12 month high of $323.51. The company has a debt-to-equity ratio of 8.55, a current ratio of 5.28 and a quick ratio of 2.07. The company has a 50-day moving average of $184.95 and a 200-day moving average of $221.47.

FTAI Aviation (NASDAQ:FTAI – Get Free Report) last released its earnings results on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.19). FTAI Aviation had a return on equity of 139.59% and a net margin of 15.94%. The company had revenue of $953.09 million during the quarter. During the same quarter in the previous year, the company earned $1.57 earnings per share. The business’s revenue was up 40.9% on a year-over-year basis. As a group, equities analysts predict that FTAI Aviation Ltd. will post 5.48 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Wednesday, August 12th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $2.00 annualized dividend and a yield of 1.2%. FTAI Aviation’s dividend payout ratio is 43.48%.

Insiders Place Their Bets

In related news, President David Moreno purchased 2,475 shares of the firm’s stock in a transaction on Friday, July 31st. The shares were bought at an average price of $201.27 per share, for a total transaction of $498,143.25. Following the acquisition, the president directly owned 199,490 shares in the company, valued at $40,151,352.30. This trade represents a 1.26% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. 1.35% of the stock is currently owned by corporate insiders.

FTAI Aviation Profile

(Free Report)

FTAI Aviation Ltd. is an aviation-focused company that owns, acquires, leases and sells commercial aircraft engines, aircraft and related aviation assets. Its portfolio primarily supports the global narrowbody aircraft market, with a particular focus on widely used engine platforms such as the CFM56 and V2500.

The company provides engine leasing solutions to airlines, aircraft leasing companies and other aviation customers. It also supplies aviation parts and materials and offers maintenance, repair and overhaul-related services.

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Institutional Ownership by Quarter for FTAI Aviation (NASDAQ:FTAI)

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