FTAI Aviation Ltd. $FTAI Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lowered its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 37.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 44,385 shares of the financial services provider’s stock after selling 26,267 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in FTAI Aviation were worth $8,737,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Rossby Financial LCC raised its position in FTAI Aviation by 13.6% in the third quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 65 shares during the period. Assetmark Inc. boosted its position in shares of FTAI Aviation by 11.0% during the third quarter. Assetmark Inc. now owns 708 shares of the financial services provider’s stock worth $118,000 after buying an additional 70 shares during the period. CWM LLC grew its stake in shares of FTAI Aviation by 6.8% in the third quarter. CWM LLC now owns 1,157 shares of the financial services provider’s stock valued at $193,000 after buying an additional 74 shares in the last quarter. Foundations Investment Advisors LLC grew its stake in shares of FTAI Aviation by 3.5% in the third quarter. Foundations Investment Advisors LLC now owns 2,241 shares of the financial services provider’s stock valued at $374,000 after buying an additional 76 shares in the last quarter. Finally, Diversify Advisory Services LLC raised its holdings in shares of FTAI Aviation by 0.8% in the 4th quarter. Diversify Advisory Services LLC now owns 10,051 shares of the financial services provider’s stock valued at $1,979,000 after buying an additional 80 shares during the period. Institutional investors and hedge funds own 88.96% of the company’s stock.

FTAI Aviation Trading Down 3.9%

NASDAQ:FTAI opened at $239.95 on Friday. FTAI Aviation Ltd. has a 12-month low of $88.82 and a 12-month high of $323.51. The firm has a market cap of $24.61 billion, a PE ratio of 47.61, a price-to-earnings-growth ratio of 0.91 and a beta of 1.49. The company has a current ratio of 5.28, a quick ratio of 2.30 and a debt-to-equity ratio of 10.32. The stock has a fifty day moving average price of $254.67 and a 200 day moving average price of $223.96.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.32). The company had revenue of $830.70 million for the quarter. FTAI Aviation had a return on equity of 214.24% and a net margin of 18.92%.FTAI Aviation’s revenue for the quarter was up 65.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.87 EPS. Sell-side analysts anticipate that FTAI Aviation Ltd. will post 7.21 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Investors of record on Friday, March 13th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, March 13th. FTAI Aviation’s dividend payout ratio is presently 31.75%.

Analyst Ratings Changes

FTAI has been the subject of a number of research analyst reports. Citigroup restated an “outperform” rating on shares of FTAI Aviation in a report on Thursday, January 29th. BTIG Research boosted their price target on shares of FTAI Aviation from $335.00 to $340.00 and gave the stock a “buy” rating in a research note on Friday, March 13th. Weiss Ratings cut shares of FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Jefferies Financial Group reissued a “buy” rating and issued a $350.00 price objective on shares of FTAI Aviation in a research note on Monday, February 9th. Finally, Barclays lifted their price objective on shares of FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $317.38.

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.