Resona Asset Management Co. Ltd. Makes New $7.22 Million Investment in FTAI Aviation Ltd. $FTAI

Resona Asset Management Co. Ltd. acquired a new position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 29,756 shares of the financial services provider’s stock, valued at approximately $7,217,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Root Financial Partners LLC lifted its holdings in shares of FTAI Aviation by 40.9% in the 1st quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 45 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in FTAI Aviation by 1.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 4,454 shares of the financial services provider’s stock worth $877,000 after buying an additional 52 shares during the last quarter. MetLife Investment Management LLC grew its stake in FTAI Aviation by 0.9% during the 4th quarter. MetLife Investment Management LLC now owns 6,578 shares of the financial services provider’s stock worth $1,295,000 after buying an additional 57 shares during the last quarter. SJS Investment Consulting Inc. increased its position in FTAI Aviation by 122.9% during the first quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after buying an additional 59 shares during the period. Finally, Abel Hall LLC increased its position in FTAI Aviation by 6.2% during the first quarter. Abel Hall LLC now owns 1,362 shares of the financial services provider’s stock worth $334,000 after buying an additional 79 shares during the period. Institutional investors and hedge funds own 88.96% of the company’s stock.

Insider Activity at FTAI Aviation

In other FTAI Aviation news, Director Judith A. Hannaway sold 255 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total transaction of $64,741.95. Following the transaction, the director owned 3,012 shares in the company, valued at approximately $764,716.68. The trade was a 7.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Martin Tuchman sold 143,584 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 236,302 shares of the company’s stock, valued at approximately $57,289,056.88. This trade 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 a total of 254,515 shares of company stock worth $61,599,445 in the last quarter. 1.35% of the stock is currently owned by insiders.

FTAI Aviation Stock Performance

Shares of FTAI stock traded down $0.67 during mid-day trading on Friday, hitting $227.35. The stock had a trading volume of 1,055,067 shares, compared to its average volume of 1,033,402. FTAI Aviation Ltd. has a fifty-two week low of $109.13 and a fifty-two week high of $323.51. The firm has a market cap of $23.32 billion, a PE ratio of 45.11, a PEG ratio of 0.92 and a beta of 1.46. 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 company’s 50-day simple moving average is $252.64 and its 200-day simple moving average is $252.58.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share (EPS) 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 firm’s revenue for the quarter was up 65.4% on a year-over-year basis. During the same quarter last year, the business posted $0.87 EPS. Sell-side analysts anticipate that FTAI Aviation Ltd. will post 6.77 earnings per share for the current year.

FTAI Aviation Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FTAI. Morgan Stanley reissued an “overweight” rating and issued a $319.00 price objective on shares of FTAI Aviation in a report on Friday, May 8th. Weiss Ratings cut shares of FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 2nd. Jefferies Financial Group reiterated a “buy” rating and issued a $400.00 price target on shares of FTAI Aviation in a research report on Sunday, May 3rd. Finally, Zacks Research cut shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $326.88.

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.