Ensign Peak Advisors Inc Boosts Stock Holdings in FTAI Aviation Ltd. $FTAI

Ensign Peak Advisors Inc grew its position in FTAI Aviation Ltd. (NASDAQ:FTAI) by 67.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,075,788 shares of the financial services provider’s stock after purchasing an additional 1,238,294 shares during the period. Ensign Peak Advisors Inc owned about 3.00% of FTAI Aviation worth $353,839,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FTAI. Royce & Associates LP increased its position in shares of FTAI Aviation by 97.9% during the first quarter. Royce & Associates LP now owns 411,248 shares of the financial services provider’s stock valued at $45,661,000 after acquiring an additional 203,447 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of FTAI Aviation by 4.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 154,462 shares of the financial services provider’s stock valued at $17,769,000 after purchasing an additional 6,709 shares during the last quarter. Maryland State Retirement & Pension System purchased a new position in shares of FTAI Aviation in the 2nd quarter worth about $570,000. Nicholas Hoffman & Company LLC. boosted its holdings in shares of FTAI Aviation by 150.0% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 5,000 shares of the financial services provider’s stock worth $555,000 after buying an additional 3,000 shares during the last quarter. Finally, Peregrine Capital Management LLC grew its position in FTAI Aviation by 1.8% during the second quarter. Peregrine Capital Management LLC now owns 91,373 shares of the financial services provider’s stock valued at $10,512,000 after buying an additional 1,632 shares during the period. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at FTAI Aviation

In other FTAI Aviation news, COO David Moreno bought 4,354 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was bought at an average price of $153.89 per share, for a total transaction of $670,037.06. Following the completion of the acquisition, the chief operating officer directly owned 4,354 shares in the company, valued at $670,037.06. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

FTAI Aviation Stock Performance

Shares of FTAI Aviation stock opened at $164.99 on Thursday. The stock has a market capitalization of $16.92 billion, a price-to-earnings ratio of 37.67 and a beta of 1.67. The company has a fifty day moving average of $169.85 and a 200-day moving average of $142.27. FTAI Aviation Ltd. has a 52-week low of $75.06 and a 52-week high of $194.36.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings data on Monday, October 27th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.09). FTAI Aviation had a net margin of 20.82% and a return on equity of 370.51%. The company had revenue of $667.06 million for the quarter, compared to the consensus estimate of $662.51 million. During the same period last year, the business posted $0.76 earnings per share. The firm’s quarterly revenue was up 43.2% compared to the same quarter last year. On average, equities research analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Monday, November 10th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, November 10th. FTAI Aviation’s dividend payout ratio is 31.96%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Zacks Research raised shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 20th. Barclays upped their price target on shares of FTAI Aviation from $195.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. JMP Securities boosted their target price on shares of FTAI Aviation from $180.00 to $205.00 and gave the company a “market outperform” rating in a report on Wednesday, August 6th. BTIG Research reaffirmed a “buy” rating and issued a $230.00 price target on shares of FTAI Aviation in a report on Wednesday. Finally, Wall Street Zen cut FTAI Aviation from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $201.11.

FTAI Aviation Profile

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.