FTAI Aviation Ltd. $FTAI Position Boosted by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System increased its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI) by 236.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,936 shares of the financial services provider’s stock after purchasing an additional 62,466 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in FTAI Aviation were worth $10,231,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Maryland State Retirement & Pension System acquired a new stake in shares of FTAI Aviation during the 2nd quarter valued at $570,000. Harbor Capital Advisors Inc. grew its holdings in shares of FTAI Aviation by 4.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 154,462 shares of the financial services provider’s stock worth $17,769,000 after acquiring an additional 6,709 shares during the last quarter. Advisors Capital Management LLC raised its position in shares of FTAI Aviation by 99.8% during the first quarter. Advisors Capital Management LLC now owns 158,531 shares of the financial services provider’s stock worth $17,602,000 after purchasing an additional 79,190 shares during the period. Peregrine Capital Management LLC lifted its holdings in shares of FTAI Aviation by 1.8% during the second quarter. Peregrine Capital Management LLC now owns 91,373 shares of the financial services provider’s stock valued at $10,512,000 after purchasing an additional 1,632 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. lifted its holdings in shares of FTAI Aviation by 150.0% during the first quarter. Nicholas Hoffman & Company LLC. now owns 5,000 shares of the financial services provider’s stock valued at $555,000 after purchasing an additional 3,000 shares during the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on FTAI shares. Barclays lifted their price target on FTAI Aviation from $195.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. Royal Bank Of Canada boosted their price target on shares of FTAI Aviation from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Morgan Stanley raised their price objective on shares of FTAI Aviation from $138.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. JMP Securities lifted their price objective on shares of FTAI Aviation from $180.00 to $205.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 6th. Finally, Zacks Research upgraded FTAI Aviation from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, FTAI Aviation currently has a consensus rating of “Moderate Buy” and an average price target of $201.11.

Insider Transactions at FTAI Aviation

In other news, COO David Moreno purchased 4,354 shares of the business’s stock in a transaction dated Thursday, November 13th. The stock was bought at an average cost of $153.89 per share, with a total value of $670,037.06. Following the purchase, the chief operating officer directly owned 4,354 shares of the company’s stock, valued at approximately $670,037.06. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.60% of the company’s stock.

FTAI Aviation Stock Performance

FTAI stock opened at $168.16 on Wednesday. The firm has a 50 day simple moving average of $168.05 and a 200 day simple moving average of $145.89. FTAI Aviation Ltd. has a 52 week low of $75.06 and a 52 week high of $194.36. The stock has a market cap of $17.25 billion, a P/E ratio of 38.39 and a beta of 1.56.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings data on Monday, October 27th. The financial services provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.09). The company had revenue of $667.06 million during the quarter, compared to analyst estimates of $662.51 million. FTAI Aviation had a net margin of 20.82% and a return on equity of 370.51%. The firm’s quarterly revenue was up 43.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.76 EPS. Sell-side analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Monday, November 10th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, November 10th. FTAI Aviation’s dividend payout ratio (DPR) is currently 31.96%.

About FTAI Aviation

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.