FTAI Aviation Ltd. $FTAI Stake Reduced by Capital International Investors

Capital International Investors reduced its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 1.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 13,731,430 shares of the financial services provider’s stock after selling 164,422 shares during the period. Capital International Investors owned approximately 0.13% of FTAI Aviation worth $2,703,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. First Horizon Corp boosted its position in FTAI Aviation by 131.9% during the 4th quarter. First Horizon Corp now owns 320 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 182 shares during the period. Covestor Ltd boosted its position in FTAI Aviation by 338.6% during the 4th quarter. Covestor Ltd now owns 386 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 298 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in FTAI Aviation by 88.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 485 shares of the financial services provider’s stock worth $95,000 after acquiring an additional 227 shares during the period. Rossby Financial LCC boosted its position in FTAI Aviation by 13.6% during the 3rd quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock worth $94,000 after acquiring an additional 65 shares during the period. Finally, Global Retirement Partners LLC boosted its position in FTAI Aviation by 75.8% during the 4th quarter. Global Retirement Partners LLC now owns 603 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 260 shares during the period. Institutional investors and hedge funds own 88.96% of the company’s stock.

Insider Buying and Selling

In other FTAI Aviation news, Director Judith A. Hannaway sold 255 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total transaction of $64,741.95. Following the transaction, the director owned 3,012 shares of the company’s stock, valued at $764,716.68. The trade was a 7.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Martin Tuchman sold 143,584 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $242.44, for a total value of $34,810,504.96. Following the transaction, the director directly owned 236,302 shares in the company, valued at approximately $57,289,056.88. This trade represents a 37.80% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 254,515 shares of company stock worth $61,599,445. Company insiders own 1.35% of the company’s stock.

FTAI Aviation Stock Performance

FTAI opened at $234.05 on Friday. FTAI Aviation Ltd. has a 52-week low of $108.47 and a 52-week high of $323.51. The firm has a market capitalization of $24.01 billion, a PE ratio of 46.44, a PEG ratio of 0.94 and a beta of 1.47. The company has a debt-to-equity ratio of 8.00, a quick ratio of 2.48 and a current ratio of 5.24. The business’s 50-day simple moving average is $248.70 and its 200 day simple moving average is $238.06.

FTAI Aviation (NASDAQ:FTAI) last released its 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). FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The company had revenue of $830.70 million for the quarter. During the same quarter in the previous year, the firm earned $0.87 EPS. The business’s quarterly revenue was up 65.4% compared to the same quarter last year. As a group, sell-side analysts expect that FTAI Aviation Ltd. will post 6.77 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Wednesday, May 13th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.8%. The ex-dividend date was Wednesday, May 13th. FTAI Aviation’s dividend payout ratio is presently 31.75%.

Analyst Ratings Changes

Several brokerages have recently weighed in on FTAI. Zacks Research lowered FTAI Aviation from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. BTIG Research upped their price objective on FTAI Aviation from $335.00 to $340.00 and gave the company a “buy” rating in a report on Friday, March 13th. Morgan Stanley restated an “overweight” rating and issued a $319.00 price objective on shares of FTAI Aviation in a report on Friday, May 8th. Weiss Ratings lowered FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 27th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $400.00 price objective on shares of FTAI Aviation in a report on Sunday, May 3rd. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $326.88.

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.