FTAI Aviation Ltd. $FTAI Shares Bought by Caitong International Asset Management Co. Ltd

Caitong International Asset Management Co. Ltd grew its stake in FTAI Aviation Ltd. (NASDAQ:FTAI) by 3,344.6% in the fourth quarter, Holdings Channel reports. The fund owned 3,479 shares of the financial services provider’s stock after purchasing an additional 3,378 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in FTAI Aviation were worth $685,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Capital International Investors raised its position in FTAI Aviation by 0.7% in the third quarter. Capital International Investors now owns 13,895,852 shares of the financial services provider’s stock valued at $2,318,615,000 after purchasing an additional 94,383 shares during the period. Capital World Investors increased 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 last quarter. Rubric Capital Management LP increased its holdings in FTAI Aviation by 10.1% in the fourth quarter. Rubric Capital Management LP now owns 3,700,000 shares of the financial services provider’s stock valued at $728,345,000 after buying an additional 339,447 shares during the last quarter. Westfield Capital Management Co. LP raised its stake in FTAI Aviation by 10.3% in the fourth quarter. Westfield Capital Management Co. LP now owns 2,350,625 shares of the financial services provider’s stock valued at $462,721,000 after buying an additional 220,384 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in FTAI Aviation by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 2,004,963 shares of the financial services provider’s stock worth $394,757,000 after buying an additional 71,271 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on FTAI. Jefferies Financial Group reiterated a “buy” rating and issued a $400.00 price target on shares of FTAI Aviation in a research note on Sunday, May 3rd. Barclays upped their target price on shares of FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Weiss Ratings downgraded shares of FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 27th. Zacks Research lowered shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Finally, BTIG Research boosted their price target on shares of FTAI Aviation from $335.00 to $340.00 and gave the company a “buy” rating in a research report on Friday, March 13th. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, FTAI Aviation currently has an average rating of “Moderate Buy” and an average price target of $326.88.

Insiders Place Their Bets

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 transaction of $16,334,325.00. Following the transaction, the director directly owned 210,491 shares of the company’s stock, valued at approximately $50,936,717.09. The trade was a 24.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Judith A. Hannaway sold 255 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $253.89, for a total value of $64,741.95. Following the completion of the transaction, the director directly owned 3,012 shares of the company’s stock, valued at $764,716.68. This represents a 7.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 254,515 shares of company stock valued at $61,599,445. 1.35% of the stock is owned by corporate insiders.

FTAI Aviation Price Performance

Shares of NASDAQ:FTAI opened at $276.11 on Friday. The firm has a market capitalization of $28.32 billion, a price-to-earnings ratio of 54.78, a price-to-earnings-growth ratio of 1.11 and a beta of 1.47. The company has a debt-to-equity ratio of 8.00, a current ratio of 5.24 and a quick ratio of 2.48. The business’s 50 day simple moving average is $250.69 and its 200-day simple moving average is $244.39. FTAI Aviation Ltd. has a 12 month low of $108.47 and a 12 month high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last announced its 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). FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. The firm had revenue of $830.70 million during the quarter. During the same period last year, the firm earned $0.87 earnings per share. The company’s revenue was up 65.4% compared to the same quarter last year. As a group, equities analysts forecast that FTAI Aviation Ltd. will post 6.77 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors 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 0.7%. FTAI Aviation’s payout ratio is presently 31.75%.

FTAI Aviation Company 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.