IFM Investors Pty Ltd Acquires Shares of 19,928 FTAI Aviation Ltd. $FTAI

IFM Investors Pty Ltd bought a new stake in FTAI Aviation Ltd. (NASDAQ:FTAI) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 19,928 shares of the financial services provider’s stock, valued at approximately $4,882,000.

A number of other institutional investors and hedge funds have also modified their holdings of FTAI. SJS Investment Consulting Inc. raised its position in shares of FTAI Aviation by 122.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 59 shares during the last quarter. Garton & Associates Financial Advisors LLC acquired a new stake in FTAI Aviation in the 4th quarter worth about $30,000. Greenline Wealth Management LLC purchased a new stake in FTAI Aviation during the 4th quarter worth approximately $50,000. First Horizon Corp increased its stake 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 buying an additional 182 shares in the last quarter. Finally, Covestor Ltd raised its holdings in shares of FTAI Aviation by 338.6% during the fourth quarter. Covestor Ltd now owns 386 shares of the financial services provider’s stock valued at $76,000 after acquiring an additional 298 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Price Performance

NASDAQ:FTAI opened at $248.06 on Friday. FTAI Aviation Ltd. has a one year low of $108.47 and a one year high of $323.51. The stock has a market cap of $25.45 billion, a PE ratio of 49.22, a P/E/G ratio of 1.00 and a beta of 1.46. 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 stock has a 50 day moving average price of $252.38 and a 200 day moving average price of $250.45.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.32). The company had revenue of $830.70 million for the quarter. FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The business’s revenue was up 65.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.87 earnings per share. Equities research analysts expect that FTAI Aviation Ltd. will post 6.77 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 0.7%. FTAI Aviation’s payout ratio is presently 31.75%.

Wall Street Analyst Weigh In

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

Insider Transactions at FTAI Aviation

In other FTAI Aviation news, Director Judith A. Hannaway sold 255 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $253.89, for a total value of $64,741.95. Following the transaction, the director directly owned 3,012 shares in the company, valued at $764,716.68. The trade was a 7.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Martin Tuchman sold 67,500 shares of the stock in a transaction that occurred 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 directly owned 210,491 shares of the company’s stock, 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 sold 254,515 shares of company stock valued at $61,599,445 in the last three months. 1.35% of the stock is currently owned by insiders.

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.