23,600 Shares in FTAI Aviation Ltd. $FTAI Purchased by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new stake in FTAI Aviation Ltd. (NASDAQ:FTAI) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 23,600 shares of the financial services provider’s stock, valued at approximately $5,782,000.

Several other institutional investors also recently modified their holdings of FTAI. M&T Bank Corp raised its holdings in shares of FTAI Aviation by 323.6% in the 4th quarter. M&T Bank Corp now owns 16,112 shares of the financial services provider’s stock worth $3,172,000 after purchasing an additional 12,308 shares during the period. Trek Financial LLC bought a new position in shares of FTAI Aviation during the 4th quarter worth $3,936,000. Oaktree Capital Management LP bought a new position in shares of FTAI Aviation during the 3rd quarter worth $97,642,000. CIBC Bancorp USA Inc. purchased a new stake in FTAI Aviation in the 3rd quarter worth about $7,816,000. Finally, Asset Management One Co. Ltd. raised its stake in FTAI Aviation by 51.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 18,698 shares of the financial services provider’s stock valued at $3,681,000 after acquiring an additional 6,374 shares during the period. 88.96% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Martin Tuchman sold 143,584 shares of the stock in a transaction 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 owned 236,302 shares of the company’s stock, valued at $57,289,056.88. This represents a 37.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Judith A. Hannaway sold 255 shares of FTAI Aviation stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total value of $64,741.95. Following the sale, the director directly owned 3,012 shares of the company’s stock, valued at approximately $764,716.68. This trade represents a 7.81% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 254,515 shares of company stock valued at $61,599,445. Corporate insiders own 1.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on FTAI shares. Weiss Ratings downgraded shares of FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday. Zacks Research cut FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Jefferies Financial Group restated a “buy” rating and issued a $400.00 target price on shares of FTAI Aviation in a research note on Sunday, May 3rd. BTIG Research lifted 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, Morgan Stanley reissued an “overweight” rating and issued a $319.00 price target on shares of FTAI Aviation in a report on Friday, May 8th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $326.88.

FTAI Aviation Price Performance

FTAI Aviation stock opened at $248.06 on Monday. The stock has a market cap of $25.45 billion, a price-to-earnings ratio of 49.22, a PEG ratio of 1.00 and a beta of 1.46. The company has a quick ratio of 2.48, a current ratio of 5.24 and a debt-to-equity ratio of 8.00. The business has a 50-day simple moving average of $252.38 and a 200 day simple moving average of $251.01. FTAI Aviation Ltd. has a 52 week low of $108.47 and a 52 week high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.32). The business 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 firm’s quarterly revenue was up 65.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.87 earnings per share. On average, research analysts forecast that FTAI Aviation Ltd. will post 6.77 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

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

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.