Goldman Sachs Group Inc. Has $105.98 Million Stake in FTAI Aviation Ltd. $FTAI

Goldman Sachs Group Inc. trimmed its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI) by 57.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 538,368 shares of the financial services provider’s stock after selling 713,518 shares during the period. Goldman Sachs Group Inc.’s holdings in FTAI Aviation were worth $105,978,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. M&T Bank Corp raised its position in shares of FTAI Aviation by 323.6% in the fourth quarter. M&T Bank Corp now owns 16,112 shares of the financial services provider’s stock valued at $3,172,000 after buying an additional 12,308 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of FTAI Aviation by 396.7% in the third quarter. JPMorgan Chase & Co. now owns 831,414 shares of the financial services provider’s stock valued at $138,730,000 after buying an additional 664,037 shares in the last quarter. Trek Financial LLC acquired a new stake in shares of FTAI Aviation in the fourth quarter valued at approximately $3,936,000. Teachers Retirement System of The State of Kentucky raised its position in shares of FTAI Aviation by 21.4% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 65,030 shares of the financial services provider’s stock valued at $10,851,000 after buying an additional 11,457 shares in the last quarter. Finally, Oaktree Capital Management LP acquired a new stake in shares of FTAI Aviation in the third quarter valued at approximately $97,642,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Jefferies Financial Group restated a “buy” rating and set a $400.00 price objective on shares of FTAI Aviation in a research report on Sunday, May 3rd. Zacks Research downgraded shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. 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. Barclays boosted their price objective on shares of FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Finally, Morgan Stanley restated an “overweight” rating and set a $319.00 price objective on shares of FTAI Aviation in a research report on Friday, May 8th. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, FTAI Aviation presently has an average rating of “Moderate Buy” and an average price target of $326.88.

Insiders Place Their Bets

In other FTAI Aviation news, Director Judith A. Hannaway sold 255 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $253.89, for a total transaction of $64,741.95. Following the sale, the director owned 3,012 shares of the company’s stock, valued at approximately $764,716.68. The trade was a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Martin Tuchman sold 67,500 shares of the business’s stock in a transaction 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 sale, the director directly owned 210,491 shares in the company, valued at approximately $50,936,717.09. The trade was a 24.28% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 254,515 shares of company stock worth $61,599,445. Insiders own 1.35% of the company’s stock.

FTAI Aviation Stock Up 1.4%

Shares of FTAI opened at $233.75 on Wednesday. FTAI Aviation Ltd. has a one year low of $108.47 and a one year high of $323.51. The company has a market cap of $23.98 billion, a P/E ratio of 46.38, a P/E/G ratio of 0.93 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 firm has a 50 day simple moving average of $248.41 and a two-hundred day simple moving average of $239.66.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.29 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.32). The firm had revenue of $830.70 million for the quarter. FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. FTAI Aviation’s quarterly revenue was up 65.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.87 EPS. Research analysts forecast that FTAI Aviation Ltd. will post 6.77 EPS 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 paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, May 13th. 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.