FTAI Aviation Ltd. (NYSE:FTAI) Position Reduced by Washington State Investment Board

Washington State Investment Board lessened its holdings in FTAI Aviation Ltd. (NYSE:FTAI) by 67.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,070,848 shares of the financial services provider’s stock after selling 4,351,750 shares during the quarter. FTAI Aviation accounts for 77.7% of Washington State Investment Board’s investment portfolio, making the stock its biggest position. Washington State Investment Board owned 2.02% of FTAI Aviation worth $298,285,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Transce3nd LLC purchased a new position in shares of FTAI Aviation in the fourth quarter valued at about $29,000. Kapitalo Investimentos Ltda bought a new stake in shares of FTAI Aviation during the 4th quarter valued at about $30,000. Private Trust Co. NA boosted its stake in shares of FTAI Aviation by 221.1% during the 4th quarter. Private Trust Co. NA now owns 244 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 168 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of FTAI Aviation during the 4th quarter valued at about $36,000. Finally, Blue Trust Inc. bought a new stake in shares of FTAI Aviation during the 4th quarter valued at about $56,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Wall Street Analysts Forecast Growth

FTAI has been the topic of a number of research reports. Stifel Nicolaus raised shares of FTAI Aviation from a “hold” rating to a “buy” rating and set a $123.00 target price on the stock in a research note on Friday, May 2nd. Morgan Stanley dropped their price objective on shares of FTAI Aviation from $168.00 to $138.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Barclays dropped their price objective on shares of FTAI Aviation from $180.00 to $150.00 and set an “overweight” rating on the stock in a research note on Thursday, May 1st. Citizens Jmp raised shares of FTAI Aviation to a “strong-buy” rating in a research note on Thursday, May 8th. Finally, StockNews.com raised shares of FTAI Aviation to a “sell” rating in a research note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $171.83.

FTAI Aviation Stock Performance

FTAI opened at $117.98 on Monday. The stock has a market capitalization of $12.10 billion, a price-to-earnings ratio of -1,179.68 and a beta of 1.64. The company has a fifty day moving average of $104.18 and a 200 day moving average of $124.32. FTAI Aviation Ltd. has a fifty-two week low of $75.06 and a fifty-two week high of $181.64.

FTAI Aviation (NYSE:FTAI) last posted its earnings results on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.08). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The firm’s revenue for the quarter was up 53.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.31 EPS. On average, equities research analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 16th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, May 16th. This represents a $1.20 annualized dividend and a yield of 1.02%. FTAI Aviation’s payout ratio is 571.43%.

Insider Activity at FTAI Aviation

In other news, CEO Joseph P. Jr. Adams bought 3,000 shares of the stock in a transaction dated Friday, May 2nd. The stock was purchased at an average price of $94.54 per share, for a total transaction of $283,620.00. Following the acquisition, the chief executive officer now owns 341,852 shares of the company’s stock, valued at $32,318,688.08. The trade was a 0.89% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO David Moreno bought 6,580 shares of the stock in a transaction dated Friday, May 2nd. The stock was purchased at an average price of $94.85 per share, with a total value of $624,113.00. Following the acquisition, the chief operating officer now directly owns 231,623 shares in the company, valued at approximately $21,969,441.55. The trade was a 2.92% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 10,667 shares of company stock valued at $1,008,715. Corporate insiders own 1.30% of the company’s stock.

About FTAI Aviation

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.