Principal Financial Group Inc. Sells 35,953 Shares of FTAI Aviation Ltd. $FTAI

Principal Financial Group Inc. lowered its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI) by 58.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 25,043 shares of the financial services provider’s stock after selling 35,953 shares during the period. Principal Financial Group Inc.’s holdings in FTAI Aviation were worth $6,136,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. SJS Investment Consulting Inc. lifted its holdings in shares of FTAI Aviation by 122.9% during the first quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after buying an additional 59 shares during the last quarter. Garton & Associates Financial Advisors LLC acquired a new stake in shares of FTAI Aviation in the fourth quarter worth $30,000. Root Financial Partners LLC grew its stake in shares of FTAI Aviation by 40.9% in the first quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 45 shares during the last quarter. Greenline Wealth Management LLC acquired a new stake in shares of FTAI Aviation in the fourth quarter worth $50,000. Finally, First Horizon Corp increased its position in FTAI Aviation by 131.9% during the fourth 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. 88.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FTAI has been the subject of several research analyst reports. Royal Bank Of Canada cut their target price on shares of FTAI Aviation from $350.00 to $300.00 and set an “outperform” rating for the company in a research note on Monday. BTIG Research raised their price target on shares of FTAI Aviation from $340.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Zacks Research downgraded shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Citizens Jmp started coverage on shares of FTAI Aviation in a research report on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 price objective for the company. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $400.00 price objective on shares of FTAI Aviation in a research report on Sunday, May 3rd. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $334.38.

Insider Buying and Selling at FTAI Aviation

In other news, Director Judith A. Hannaway sold 255 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $253.89, for a total transaction of $64,741.95. Following the completion of the transaction, the director directly owned 3,012 shares of the company’s stock, valued at approximately $764,716.68. This trade represents a 7.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Martin Tuchman sold 67,500 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $241.99, for a total transaction of $16,334,325.00. Following the transaction, the director directly owned 210,491 shares of the company’s stock, valued at $50,936,717.09. The trade was a 24.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 254,515 shares of company stock worth $61,599,445 in the last three months. Insiders own 1.35% of the company’s stock.

FTAI Aviation Stock Performance

FTAI opened at $214.15 on Tuesday. The stock has a market cap of $21.97 billion, a PE ratio of 42.49, a P/E/G ratio of 0.87 and a beta of 1.46. The company has a current ratio of 5.24, a quick ratio of 2.48 and a debt-to-equity ratio of 8.00. FTAI Aviation Ltd. has a 1 year low of $113.43 and a 1 year high of $323.51. The stock’s 50 day simple moving average is $241.77 and its 200-day simple moving average is $254.48.

FTAI Aviation (NASDAQ:FTAI) last issued its earnings results on Wednesday, April 29th. The financial services provider reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.32). The firm had revenue of $830.70 million during the quarter. FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. The company’s quarterly revenue was up 65.4% compared to the same quarter last year. During the same period last year, the firm earned $0.87 EPS. Sell-side analysts forecast that FTAI Aviation Ltd. will post 6.77 EPS for the current year.

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.