Capital World Investors Purchases 2,596,265 Shares of FTAI Aviation Ltd. $FTAI

Capital World Investors boosted its position in FTAI Aviation Ltd. (NASDAQ:FTAI) by 41.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,916,830 shares of the financial services provider’s stock after acquiring an additional 2,596,265 shares during the quarter. Capital World Investors owned 0.09% of FTAI Aviation worth $1,755,290,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Rossby Financial LCC increased its stake 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 acquiring an additional 65 shares during the last quarter. Assetmark Inc. increased its stake in FTAI Aviation by 11.0% in the third quarter. Assetmark Inc. now owns 708 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 70 shares during the last quarter. Diversify Advisory Services LLC increased its stake in FTAI Aviation by 0.8% in the fourth quarter. Diversify Advisory Services LLC now owns 10,051 shares of the financial services provider’s stock valued at $1,979,000 after acquiring an additional 80 shares during the last quarter. Allworth Financial LP grew its stake in shares of FTAI Aviation by 7.6% during the third quarter. Allworth Financial LP now owns 1,504 shares of the financial services provider’s stock valued at $251,000 after buying an additional 106 shares during the last quarter. Finally, SLT Holdings LLC grew its stake in shares of FTAI Aviation by 6.7% during the fourth quarter. SLT Holdings LLC now owns 2,375 shares of the financial services provider’s stock valued at $468,000 after buying an additional 150 shares during the last quarter. Institutional investors own 88.96% of the company’s stock.

Insiders Place Their Bets

In other news, Director Martin Tuchman sold 67,500 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $50,936,717.09. The trade was a 24.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Judith A. Hannaway sold 255 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $253.89, for a total transaction of $64,741.95. Following the sale, the director directly owned 3,012 shares of the company’s stock, valued at approximately $764,716.68. The trade was a 7.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 254,515 shares of company stock valued at $61,599,445. Insiders own 1.35% of the company’s stock.

FTAI Aviation Trading Down 6.4%

Shares of FTAI stock opened at $234.05 on Friday. FTAI Aviation Ltd. has a 1 year low of $108.47 and a 1 year high of $323.51. The firm has a fifty day moving average price of $248.70 and a 200-day moving average price of $238.06. 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 cap of $24.01 billion, a price-to-earnings ratio of 46.44, a PEG ratio of 0.94 and a beta of 1.47.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.32). FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. The business had revenue of $830.70 million for the quarter. During the same period last year, the firm posted $0.87 earnings per share. FTAI Aviation’s revenue for the quarter was up 65.4% on a year-over-year basis. As a group, equities analysts predict that FTAI Aviation Ltd. will post 6.77 earnings per share for the current year.

FTAI Aviation Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on FTAI shares. Morgan Stanley reaffirmed an “overweight” rating and set a $319.00 price objective on shares of FTAI Aviation in a research note on Friday, May 8th. Zacks Research cut FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Barclays raised their price objective on FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. BTIG Research raised their price objective on FTAI Aviation from $335.00 to $340.00 and gave the company a “buy” rating in a research note on Friday, March 13th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $400.00 price objective on shares of FTAI Aviation in a research note 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $326.88.

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.