Geode Capital Management LLC Has $394.76 Million Stock Holdings in FTAI Aviation Ltd. $FTAI

Geode Capital Management LLC grew its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI) by 3.7% during the fourth quarter, Holdings Channel reports. The firm owned 2,004,963 shares of the financial services provider’s stock after acquiring an additional 71,271 shares during the quarter. Geode Capital Management LLC’s holdings in FTAI Aviation were worth $394,757,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Horizon Corp lifted its stake in shares of FTAI Aviation by 131.9% in the 4th quarter. First Horizon Corp now owns 320 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 182 shares during the period. Covestor Ltd lifted its stake in shares of FTAI Aviation by 338.6% in the 4th quarter. Covestor Ltd now owns 386 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 298 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of FTAI Aviation by 88.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 485 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 227 shares during the period. Rossby Financial LCC lifted its stake in shares of FTAI Aviation by 13.6% in the 3rd quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 65 shares during the period. Finally, Global Retirement Partners LLC lifted its stake in shares of FTAI Aviation by 75.8% in the 4th quarter. Global Retirement Partners LLC now owns 603 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 260 shares during the period. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Price Performance

FTAI stock opened at $260.34 on Monday. The stock’s 50 day simple moving average is $248.32 and its 200 day simple moving average is $235.48. FTAI Aviation Ltd. has a fifty-two week low of $108.47 and a fifty-two 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. The company has a market cap of $26.71 billion, a P/E ratio of 51.65, a price-to-earnings-growth ratio of 1.05 and a beta of 1.47.

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

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Wednesday, May 13th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 13th. FTAI Aviation’s dividend payout ratio is 31.75%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on FTAI shares. Barclays boosted their price objective on FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Jefferies Financial Group reissued a “buy” rating and issued a $400.00 price objective on shares of FTAI Aviation in a research note on Sunday, May 3rd. Zacks Research downgraded FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. BTIG Research boosted their price objective on FTAI Aviation from $335.00 to $340.00 and gave the company a “buy” rating in a research note on Friday, March 13th. Finally, Weiss Ratings downgraded FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $326.88.

Insider Buying and Selling

In related 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 transaction, the director directly owned 3,012 shares of the company’s stock, valued at approximately $764,716.68. This represents a 7.81% decrease in their position. The transaction 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 directly owned 236,302 shares in the company, valued at approximately $57,289,056.88. This trade represents a 37.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 254,515 shares of company stock worth $61,599,445. 1.35% of the stock is owned by company insiders.

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.