Norges Bank Purchases Shares of 1,332,960 FTAI Aviation Ltd. $FTAI

Norges Bank purchased a new stake in FTAI Aviation Ltd. (NASDAQ:FTAI) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 1,332,960 shares of the financial services provider’s stock, valued at approximately $262,393,000.

A number of other hedge funds also recently made changes to their positions in the stock. Fiducient Advisors LLC acquired a new position in shares of FTAI Aviation in the 4th quarter valued at $508,000. Foundations Investment Advisors LLC lifted its holdings in shares of FTAI Aviation by 6.7% during the 4th quarter. Foundations Investment Advisors LLC now owns 2,391 shares of the financial services provider’s stock valued at $471,000 after acquiring an additional 150 shares in the last quarter. Kingsview Wealth Management LLC acquired a new position in shares of FTAI Aviation during the 4th quarter valued at $316,000. Geode Capital Management LLC lifted its holdings in shares of FTAI Aviation by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 2,004,963 shares of the financial services provider’s stock valued at $394,757,000 after acquiring an additional 71,271 shares in the last quarter. Finally, King Luther Capital Management Corp lifted its holdings in shares of FTAI Aviation by 5.4% during the 4th quarter. King Luther Capital Management Corp now owns 523,148 shares of the financial services provider’s stock valued at $102,982,000 after acquiring an additional 26,959 shares in the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on FTAI. Morgan Stanley restated an “overweight” rating and set a $319.00 target price on shares of FTAI Aviation in a report on Friday, May 8th. Zacks Research lowered shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Jefferies Financial Group restated a “buy” rating and set a $400.00 target price on shares of FTAI Aviation in a report on Sunday, May 3rd. Weiss Ratings lowered shares of FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 27th. Finally, Barclays lifted their target price 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. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $326.88.

FTAI Aviation Stock Down 0.8%

Shares of FTAI Aviation stock opened at $245.86 on Wednesday. The business has a 50-day moving average of $248.48 and a 200-day moving average of $236.13. The company has a debt-to-equity ratio of 8.00, a current ratio of 5.24 and a quick ratio of 2.48. The company has a market capitalization of $25.22 billion, a PE ratio of 48.78, a P/E/G ratio of 1.00 and a beta of 1.47. FTAI Aviation Ltd. has a 1-year low of $108.47 and a 1-year high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last announced its 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 business had revenue of $830.70 million for the quarter. FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. FTAI Aviation’s quarterly revenue was up 65.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.87 EPS. As a group, equities analysts forecast that FTAI Aviation Ltd. will post 6.77 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Wednesday, May 13th were paid a dividend of $0.45 per share. The ex-dividend date was Wednesday, May 13th. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. FTAI Aviation’s dividend payout ratio (DPR) is currently 31.75%.

Insider Activity

In other news, Director Judith A. Hannaway sold 255 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total transaction of $64,741.95. Following the completion of the sale, the director directly owned 3,012 shares in the company, valued at $764,716.68. This trade represents a 7.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Martin Tuchman sold 67,500 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $241.99, for a total transaction of $16,334,325.00. Following the completion of the sale, the director owned 210,491 shares in the company, valued at approximately $50,936,717.09. This trade represents a 24.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 254,515 shares of company stock valued at $61,599,445 over the last 90 days. Insiders own 1.35% of the company’s stock.

FTAI Aviation Company 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.