Raiffeisen Bank International AG Purchases 4,292 Shares of FTAI Aviation Ltd. $FTAI

Raiffeisen Bank International AG raised its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI) by 167.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,861 shares of the financial services provider’s stock after buying an additional 4,292 shares during the period. Raiffeisen Bank International AG’s holdings in FTAI Aviation were worth $1,809,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of FTAI. Root Financial Partners LLC grew its stake in shares of FTAI Aviation by 40.9% in the first quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 45 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of FTAI Aviation by 1.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 4,454 shares of the financial services provider’s stock valued at $877,000 after buying an additional 52 shares in the last quarter. MetLife Investment Management LLC lifted its position in shares of 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. lifted its stake in FTAI Aviation by 122.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 59 shares during the last quarter. Finally, Compound Planning Inc. boosted its stake in shares of FTAI Aviation by 2.7% during the first quarter. Compound Planning Inc. now owns 2,287 shares of the financial services provider’s stock valued at $560,000 after purchasing an additional 60 shares in the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

FTAI Aviation Stock Down 1.6%

Shares of FTAI Aviation stock opened at $196.28 on Friday. The stock has a market capitalization of $20.16 billion, a PE ratio of 42.67, a price-to-earnings-growth ratio of 0.98 and a beta of 1.51. The company has a debt-to-equity ratio of 8.55, a quick ratio of 2.07 and a current ratio of 5.28. FTAI Aviation Ltd. has a 52-week low of $149.50 and a 52-week high of $323.51. The company has a 50-day simple moving average of $215.76 and a two-hundred day simple moving average of $242.05.

FTAI Aviation (NASDAQ:FTAI) last announced its earnings results on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.19). The firm had revenue of $953.09 million during the quarter. FTAI Aviation had a return on equity of 139.59% and a net margin of 15.94%.The business’s revenue was up 40.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.57 earnings per share. On average, analysts anticipate that FTAI Aviation Ltd. will post 5.48 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Wednesday, August 12th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Wednesday, August 12th. FTAI Aviation’s dividend payout ratio is 43.48%.

Insider Activity

In other news, President David Moreno bought 2,475 shares of the stock in a transaction dated Friday, July 31st. The stock was purchased at an average cost of $201.27 per share, for a total transaction of $498,143.25. Following the transaction, the president owned 199,490 shares of the company’s stock, valued at $40,151,352.30. The trade was a 1.26% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.35% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have commented on FTAI shares. Jefferies Financial Group reaffirmed a “buy” rating and set a $325.00 price target on shares of FTAI Aviation in a research report on Sunday, August 2nd. Zacks Research downgraded FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Citizens Jmp began coverage on shares of FTAI Aviation in a research note on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 price target for the company. Weiss Ratings cut shares of FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Finally, Morgan Stanley increased their target price on shares of FTAI Aviation from $319.00 to $360.00 and gave the stock an “overweight” rating in a research note on Friday, August 21st. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, FTAI Aviation presently has an average rating of “Moderate Buy” and a consensus target price of $320.11.

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.