Capital Group Investment Management PTE. LTD. Has $3.40 Million Stake in FTAI Aviation Ltd. $FTAI

Capital Group Investment Management PTE. LTD. increased its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 67.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 17,254 shares of the financial services provider’s stock after acquiring an additional 6,971 shares during the period. Capital Group Investment Management PTE. LTD.’s holdings in FTAI Aviation were worth $3,396,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. M&T Bank Corp increased its holdings in shares of FTAI Aviation by 323.6% during the 4th quarter. M&T Bank Corp now owns 16,112 shares of the financial services provider’s stock valued at $3,172,000 after acquiring an additional 12,308 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of FTAI Aviation by 396.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 831,414 shares of the financial services provider’s stock valued at $138,730,000 after acquiring an additional 664,037 shares during the last quarter. Trek Financial LLC acquired a new position in shares of FTAI Aviation during the 4th quarter valued at about $3,936,000. Teachers Retirement System of The State of Kentucky increased its holdings in shares of FTAI Aviation by 21.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 65,030 shares of the financial services provider’s stock valued at $10,851,000 after acquiring an additional 11,457 shares during the last quarter. Finally, Oaktree Capital Management LP acquired a new position in shares of FTAI Aviation during the 3rd quarter valued at about $97,642,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

FTAI Aviation Price Performance

Shares of FTAI stock opened at $234.05 on Friday. The stock has a 50 day moving average of $248.70 and a two-hundred day moving average of $238.06. 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 12 month low of $108.47 and a 12 month high of $323.51. The company has a market capitalization of $24.01 billion, a P/E ratio of 46.44, a P/E/G ratio of 0.94 and a beta of 1.47.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.29 EPS 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 during the quarter. During the same period in the prior year, the company earned $0.87 EPS. The company’s revenue for the quarter was up 65.4% on a year-over-year basis. As a group, equities analysts expect that FTAI Aviation Ltd. will post 6.77 EPS for the current year.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Wednesday, May 13th were given a $0.45 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. FTAI Aviation’s dividend payout ratio (DPR) is currently 31.75%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on FTAI. Morgan Stanley reaffirmed an “overweight” rating and issued a $319.00 target price on shares of FTAI Aviation in a report on Friday, May 8th. Zacks Research lowered FTAI Aviation from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Barclays raised their target price on FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, February 27th. BTIG Research raised their target price on FTAI Aviation from $335.00 to $340.00 and gave the company a “buy” rating in a report on Friday, March 13th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $400.00 target price on shares of FTAI Aviation in a report on Sunday, May 3rd. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, FTAI Aviation has a consensus rating of “Moderate Buy” and an average price target of $326.88.

Insider Buying and Selling

In other FTAI Aviation news, Director Judith A. Hannaway sold 255 shares of the firm’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 value of $64,741.95. Following the completion of the sale, the director owned 3,012 shares in the company, valued at approximately $764,716.68. This trade represents a 7.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Martin Tuchman sold 67,500 shares of the firm’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 owned 210,491 shares of the company’s stock, valued at $50,936,717.09. This represents a 24.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 254,515 shares of company stock valued at $61,599,445 in the last quarter. Corporate insiders own 1.35% of the company’s stock.

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.