FTAI Aviation Ltd. $FTAI Holdings Lifted by National Pension Service

National Pension Service increased its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 3,066.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 185,245 shares of the financial services provider’s stock after acquiring an additional 179,395 shares during the period. National Pension Service owned approximately 0.18% of FTAI Aviation worth $50,114,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FTAI. California State Teachers Retirement System boosted its position in shares of FTAI Aviation by 33,634.6% during the 2nd quarter. California State Teachers Retirement System now owns 40,055,754 shares of the financial services provider’s stock valued at $10,836,283,000 after purchasing an additional 39,937,016 shares in the last quarter. Capital World Investors grew its stake in shares of FTAI Aviation by 41.1% in the 4th quarter. Capital World Investors now owns 8,916,830 shares of the financial services provider’s stock worth $1,755,290,000 after purchasing an additional 2,596,265 shares during the last quarter. Norges Bank bought a new stake in shares of FTAI Aviation in the 4th quarter worth approximately $262,393,000. Northern Right Capital Management L.P. raised its holdings in shares of FTAI Aviation by 884.1% in the 2nd quarter. Northern Right Capital Management L.P. now owns 885,675 shares of the financial services provider’s stock worth $101,888,000 after purchasing an additional 795,675 shares in the last quarter. Finally, Rubric Capital Management LP lifted its stake in FTAI Aviation by 28.3% during the second quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider’s stock valued at $390,455,000 after purchasing an additional 749,080 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FTAI has been the topic of several recent research reports. BTIG Research decreased their price target on shares of FTAI Aviation from $400.00 to $350.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft set a $290.00 price objective on FTAI Aviation in a research report on Friday, July 31st. Jefferies Financial Group restated a “buy” rating and issued a $325.00 target price on shares of FTAI Aviation in a report on Sunday, August 2nd. Zacks Research lowered FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Finally, Weiss Ratings downgraded FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $320.11.

FTAI Aviation Stock Up 3.3%

FTAI stock opened at $186.06 on Friday. FTAI Aviation Ltd. has a 52-week low of $149.50 and a 52-week high of $323.51. The company’s 50 day simple moving average is $208.80 and its 200-day simple moving average is $238.64. The company has a debt-to-equity ratio of 8.55, a current ratio of 5.28 and a quick ratio of 2.07. The firm has a market capitalization of $19.11 billion, a P/E ratio of 40.45, a P/E/G ratio of 0.93 and a beta of 1.51.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.13 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.19). FTAI Aviation had a net margin of 15.94% and a return on equity of 139.59%. The firm had revenue of $953.09 million during the quarter. During the same period in the previous year, the business posted $1.57 EPS. The business’s quarterly revenue was up 40.9% compared to the same quarter last year. As a group, equities research analysts anticipate that FTAI Aviation Ltd. will post 5.48 EPS for the current year.

FTAI Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Wednesday, August 12th were issued a $0.50 dividend. The ex-dividend date was Wednesday, August 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.1%. FTAI Aviation’s dividend payout ratio is presently 43.48%.

Insider Activity

In other FTAI Aviation news, President David Moreno bought 2,475 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was acquired at an average price of $201.27 per share, with a total value of $498,143.25. Following the completion of the transaction, the president directly owned 199,490 shares in the company, valued at approximately $40,151,352.30. This represents a 1.26% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.35% of the stock is owned by insiders.

FTAI Aviation Company Profile

FTAI Aviation Ltd. (NASDAQ: FTAI) is an aviation asset owner and lessor focused on commercial aircraft engines and related aviation equipment. The company primarily acquires, leases and manages aircraft engines, with a particular emphasis on CFM56 engines, which power many Airbus A320-family and Boeing 737 Next Generation aircraft.

In addition to engine leasing, FTAI Aviation owns and leases commercial aircraft and provides aviation aftermarket services. Its activities include engine disassembly, maintenance, repair and overhaul, as well as the sale of engine components and other aircraft parts.