Dimensional Fund Advisors LP Purchases 15,291 Shares of FTAI Aviation Ltd. $FTAI

Dimensional Fund Advisors LP lifted its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 2.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 631,212 shares of the financial services provider’s stock after buying an additional 15,291 shares during the quarter. Dimensional Fund Advisors LP’s holdings in FTAI Aviation were worth $154,515,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Capital World Investors lifted its holdings in FTAI Aviation by 41.1% in the fourth quarter. Capital World Investors now owns 8,916,830 shares of the financial services provider’s stock valued at $1,755,290,000 after buying an additional 2,596,265 shares during the period. Norges Bank acquired a new stake in FTAI Aviation during the 4th quarter worth about $262,393,000. Northern Right Capital Management L.P. grew its holdings in FTAI Aviation by 884.1% during the 2nd quarter. Northern Right Capital Management L.P. now owns 885,675 shares of the financial services provider’s stock worth $101,888,000 after acquiring an additional 795,675 shares during the period. Rubric Capital Management LP raised its position in shares of FTAI Aviation by 28.3% in the 2nd quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider’s stock worth $390,455,000 after acquiring an additional 749,080 shares in the last quarter. Finally, Alyeska Investment Group L.P. raised its position in shares of FTAI Aviation by 249.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 617,802 shares of the financial services provider’s stock worth $121,614,000 after acquiring an additional 440,767 shares in the last quarter. Institutional investors own 88.96% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on FTAI shares. BTIG Research boosted their price objective on FTAI Aviation from $340.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Zacks Research cut FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Weiss Ratings upgraded FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 17th. Citizens Jmp started coverage on FTAI Aviation in a research note on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 price target on the stock. Finally, Jefferies Financial Group restated a “buy” rating and set a $400.00 price target 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 given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $340.62.

FTAI Aviation Stock Performance

Shares of FTAI Aviation stock opened at $215.98 on Monday. FTAI Aviation Ltd. has a one year low of $110.76 and a one year high of $323.51. The firm has a market capitalization of $22.16 billion, a price-to-earnings ratio of 42.85, a PEG ratio of 0.87 and a beta of 1.46. The business has a 50-day simple moving average of $242.09 and a 200 day simple moving average of $254.66. The company has a debt-to-equity ratio of 8.00, a current ratio of 5.24 and a quick ratio of 2.48.

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). The firm had revenue of $830.70 million for the quarter. FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The business’s revenue for the quarter was up 65.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.87 earnings per share. On average, research analysts anticipate that FTAI Aviation Ltd. will post 6.77 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

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

Insider Buying and Selling

In related news, Director Judith A. Hannaway sold 255 shares of the stock in a transaction 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 transaction, the director directly owned 3,012 shares in the company, valued at $764,716.68. This trade represents a 7.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 completion of the transaction, the director owned 236,302 shares in the company, valued at approximately $57,289,056.88. This represents a 37.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 254,515 shares of company stock worth $61,599,445 over the last ninety days. 1.35% of the stock is owned by 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.