Rakuten Securities Inc. Acquires New Stake in FTAI Aviation Ltd. (NASDAQ:FTAI)

Rakuten Securities Inc. bought a new position in FTAI Aviation Ltd. (NASDAQ:FTAI) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 310 shares of the financial services provider’s stock, valued at approximately $34,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FTAI. Capital International Investors lifted its holdings in FTAI Aviation by 39.7% in the 4th quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider’s stock valued at $1,537,940,000 after acquiring an additional 3,034,838 shares during the last quarter. Vanguard Group Inc. lifted its stake in FTAI Aviation by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 10,547,939 shares of the financial services provider’s stock valued at $1,519,325,000 after purchasing an additional 184,730 shares during the last quarter. Hood River Capital Management LLC boosted its holdings in FTAI Aviation by 8.0% during the fourth quarter. Hood River Capital Management LLC now owns 2,069,824 shares of the financial services provider’s stock worth $298,137,000 after buying an additional 153,909 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in FTAI Aviation by 24.5% during the fourth quarter. Two Sigma Advisers LP now owns 1,305,400 shares of the financial services provider’s stock worth $188,030,000 after buying an additional 256,800 shares in the last quarter. Finally, Norges Bank acquired a new position in FTAI Aviation in the fourth quarter worth approximately $183,688,000. 88.96% of the stock is owned by institutional investors.

FTAI Aviation Stock Performance

FTAI Aviation stock opened at $130.08 on Thursday. FTAI Aviation Ltd. has a twelve month low of $75.06 and a twelve month high of $181.64. The firm has a market cap of $13.34 billion, a PE ratio of 619.43 and a beta of 1.66. The firm’s 50 day moving average price is $111.11 and its two-hundred day moving average price is $118.52.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.08). FTAI Aviation had a return on equity of 438.32% and a net margin of 3.74%. The firm’s quarterly revenue was up 53.7% on a year-over-year basis. During the same quarter last year, the company earned $0.31 earnings per share. Equities analysts anticipate that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 16th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Friday, May 16th. FTAI Aviation’s dividend payout ratio (DPR) is presently 571.43%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FTAI. Stifel Nicolaus raised FTAI Aviation from a “hold” rating to a “buy” rating and set a $123.00 price objective for the company in a research note on Friday, May 2nd. Citigroup reaffirmed a “buy” rating on shares of FTAI Aviation in a report on Thursday, March 6th. Citizens Jmp raised FTAI Aviation to a “strong-buy” rating in a research note on Thursday, May 8th. Morgan Stanley cut their price objective on FTAI Aviation from $168.00 to $138.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Finally, Royal Bank Of Canada decreased their target price on shares of FTAI Aviation from $140.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $171.83.

Insider Activity

In other FTAI Aviation news, CEO Joseph P. Jr. Adams bought 3,000 shares of the stock in a transaction on Friday, May 2nd. The shares were purchased at an average cost of $94.54 per share, with a total value of $283,620.00. Following the completion of the transaction, the chief executive officer now directly owns 341,852 shares of the company’s stock, valued at $32,318,688.08. This represents a 0.89% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO David Moreno purchased 6,580 shares of FTAI Aviation stock in a transaction on Friday, May 2nd. The stock was bought at an average cost of $94.85 per share, with a total value of $624,113.00. Following the transaction, the chief operating officer now directly owns 231,623 shares of the company’s stock, valued at approximately $21,969,441.55. The trade was a 2.92% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 10,667 shares of company stock worth $1,008,715 in the last three months. 1.30% of the stock is owned by insiders.

About FTAI Aviation

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.