North Dakota State Investment Board Takes $704,000 Position in FTAI Aviation Ltd. $FTAI

North Dakota State Investment Board acquired a new stake in FTAI Aviation Ltd. (NASDAQ:FTAI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,577 shares of the financial services provider’s stock, valued at approximately $704,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Rossby Financial LCC grew its holdings in FTAI Aviation by 13.6% during the third quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock worth $94,000 after purchasing an additional 65 shares during the period. Assetmark Inc. grew its holdings in FTAI Aviation by 11.0% during the third quarter. Assetmark Inc. now owns 708 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 70 shares during the period. Foundations Investment Advisors LLC grew its holdings in FTAI Aviation by 3.5% during the third quarter. Foundations Investment Advisors LLC now owns 2,241 shares of the financial services provider’s stock worth $374,000 after purchasing an additional 76 shares during the period. Diversify Advisory Services LLC grew its holdings in FTAI Aviation by 0.8% during the fourth quarter. Diversify Advisory Services LLC now owns 10,051 shares of the financial services provider’s stock worth $1,979,000 after purchasing an additional 80 shares during the period. Finally, Allworth Financial LP grew its holdings in FTAI Aviation by 7.6% during the third quarter. Allworth Financial LP now owns 1,504 shares of the financial services provider’s stock worth $251,000 after purchasing an additional 106 shares during the period. Institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Up 2.8%

NASDAQ FTAI opened at $246.46 on Friday. The company has a current ratio of 5.24, a quick ratio of 2.48 and a debt-to-equity ratio of 8.00. The company has a market cap of $25.28 billion, a price-to-earnings ratio of 48.90, a PEG ratio of 0.97 and a beta of 1.49. The company has a 50 day moving average of $246.35 and a 200-day moving average of $231.61. FTAI Aviation Ltd. has a 1-year low of $108.47 and a 1-year high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.32). The company had revenue of $830.70 million during the quarter. FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. The company’s revenue for the quarter was up 65.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.87 EPS. On average, equities research analysts expect that FTAI Aviation Ltd. will post 6.77 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Wednesday, May 13th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, May 13th. FTAI Aviation’s payout ratio is 31.75%.

Analysts Set New Price Targets

FTAI has been the subject of a number of research analyst reports. Jefferies Financial Group reiterated a “buy” rating and set a $400.00 price target on shares of FTAI Aviation in a report on Sunday, May 3rd. Royal Bank Of Canada lifted their price target on FTAI Aviation from $270.00 to $350.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Citizens Jmp lifted their price target on FTAI Aviation from $230.00 to $325.00 and gave the stock a “market outperform” rating in a report on Thursday, January 29th. Weiss Ratings upgraded FTAI Aviation from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Finally, Zacks Research upgraded FTAI Aviation from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $326.88.

Insider Activity

In related news, Director Martin Tuchman sold 67,500 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $241.99, for a total value 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold 254,260 shares of company stock valued at $61,534,703 in the last three months. Insiders own 1.35% of the company’s stock.

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.