Vanguard Group Inc. Cuts Stake in FTAI Aviation Ltd. $FTAI

Vanguard Group Inc. lowered its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,767,750 shares of the financial services provider’s stock after selling 198,115 shares during the quarter. Vanguard Group Inc. owned 0.10% of FTAI Aviation worth $1,922,782,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Capital World Investors grew its stake in shares of FTAI Aviation by 17.3% during the 3rd quarter. Capital World Investors now owns 6,320,565 shares of the financial services provider’s stock worth $1,054,649,000 after purchasing an additional 933,944 shares during the period. Northern Right Capital Management L.P. grew its stake in shares of FTAI Aviation by 884.1% during 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 during the period. Rubric Capital Management LP grew its stake in shares of FTAI Aviation by 28.3% during the 2nd quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider’s stock worth $390,455,000 after purchasing an additional 749,080 shares during the period. JPMorgan Chase & Co. grew its stake in shares of FTAI Aviation by 396.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 831,414 shares of the financial services provider’s stock worth $138,730,000 after purchasing an additional 664,037 shares during the period. Finally, Oaktree Capital Management LP acquired a new position in shares of FTAI Aviation during the 3rd quarter worth $97,642,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FTAI. Morgan Stanley upped their price target on shares of FTAI Aviation from $266.00 to $293.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 24th. Citizens Jmp upped their price target on shares of FTAI Aviation from $230.00 to $325.00 and gave the stock a “market outperform” rating in a research note on Thursday, January 29th. Jefferies Financial Group reaffirmed a “buy” rating and set a $350.00 price target on shares of FTAI Aviation in a research note on Monday, February 9th. Citigroup reaffirmed an “outperform” rating on shares of FTAI Aviation in a research note on Thursday, January 29th. Finally, Royal Bank Of Canada upped their price target on shares of FTAI Aviation from $270.00 to $350.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $295.78.

FTAI Aviation Price Performance

FTAI Aviation stock opened at $213.11 on Thursday. FTAI Aviation Ltd. has a 12-month low of $86.84 and a 12-month high of $323.51. The stock has a market capitalization of $21.86 billion, a P/E ratio of 46.13, a P/E/G ratio of 0.87 and a beta of 1.59. The firm’s 50-day moving average is $255.46 and its two-hundred day moving average is $223.39. The company has a debt-to-equity ratio of 10.32, a current ratio of 5.28 and a quick ratio of 2.30.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate 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 257.07% and a net margin of 19.98%.FTAI Aviation’s revenue was up 65.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.87 earnings per share. Equities analysts predict that FTAI Aviation Ltd. will post 7.21 earnings per share for the current year.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Friday, March 13th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, March 13th. FTAI Aviation’s dividend payout ratio is presently 34.63%.

FTAI Aviation 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.