FTAI Aviation Ltd. $FTAI Shares Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in FTAI Aviation Ltd. (NASDAQ:FTAI) by 208.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,550 shares of the financial services provider’s stock after purchasing an additional 6,450 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in FTAI Aviation were worth $1,880,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of FTAI. Capital World Investors raised its holdings in shares of FTAI Aviation by 17.3% in the 3rd quarter. Capital World Investors now owns 6,320,565 shares of the financial services provider’s stock valued at $1,054,649,000 after purchasing an additional 933,944 shares in the last quarter. Northern Right Capital Management L.P. raised its holdings in shares of FTAI Aviation by 884.1% in the 2nd quarter. Northern Right Capital Management L.P. now owns 885,675 shares of the financial services provider’s stock valued at $101,888,000 after purchasing an additional 795,675 shares in the last quarter. Rubric Capital Management LP raised its holdings in shares of FTAI Aviation by 28.3% in the 2nd quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider’s stock valued at $390,455,000 after purchasing an additional 749,080 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of FTAI Aviation by 396.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 831,414 shares of the financial services provider’s stock valued at $138,730,000 after purchasing an additional 664,037 shares in the last quarter. Finally, Oaktree Capital Management LP acquired a new stake in FTAI Aviation during the 3rd quarter worth $97,642,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Stock Down 8.1%

FTAI stock opened at $237.97 on Friday. The company has a market cap of $24.41 billion, a P/E ratio of 47.22, a P/E/G ratio of 1.04 and a beta of 1.49. FTAI Aviation Ltd. has a 52 week low of $108.47 and a 52 week high of $323.51. The company’s 50-day moving average price is $249.18 and its 200 day moving average price is $229.70. 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 (NASDAQ:FTAI) last released its quarterly earnings data 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 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 company’s quarterly revenue was up 65.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.87 earnings per share. On average, research analysts expect that FTAI Aviation Ltd. will post 6.77 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on FTAI. Morgan Stanley reissued an “overweight” rating and issued a $319.00 price target on shares of FTAI Aviation in a research report on Friday, May 8th. Barclays lifted their price objective on shares of FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Royal Bank Of Canada lifted their target price on shares of FTAI Aviation from $270.00 to $350.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Weiss Ratings raised shares of FTAI Aviation from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday. Finally, Zacks Research raised shares of FTAI Aviation from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $326.88.

Insider Transactions at FTAI Aviation

In other FTAI Aviation news, Director Martin Tuchman sold 143,584 shares of FTAI Aviation stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $242.44, for a total transaction of $34,810,504.96. Following the completion of the transaction, the director owned 236,302 shares in the company, valued at approximately $57,289,056.88. The trade was a 37.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 254,260 shares of company stock worth $61,534,703 in the last ninety days. Insiders own 1.35% of the company’s stock.

About FTAI Aviation

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.