FTAI Aviation Ltd. $FTAI Stock Position Boosted by Saudi Central Bank

Saudi Central Bank raised its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 84.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 7,000 shares of the financial services provider’s stock after buying an additional 3,214 shares during the period. Saudi Central Bank’s holdings in FTAI Aviation were worth $1,894,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Capital World Investors boosted its holdings in shares of FTAI Aviation by 41.1% in the fourth quarter. Capital World Investors now owns 8,916,830 shares of the financial services provider’s stock valued at $1,755,290,000 after acquiring an additional 2,596,265 shares in the last quarter. Rubric Capital Management LP raised its holdings in FTAI Aviation by 10.1% during the fourth quarter. Rubric Capital Management LP now owns 3,700,000 shares of the financial services provider’s stock worth $728,345,000 after purchasing an additional 339,447 shares in the last quarter. Westfield Capital Management Co. LP lifted its position in FTAI Aviation by 10.3% in the fourth quarter. Westfield Capital Management Co. LP now owns 2,350,625 shares of the financial services provider’s stock worth $462,721,000 after purchasing an additional 220,384 shares during the period. Geode Capital Management LLC lifted its position in FTAI Aviation by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 2,004,963 shares of the financial services provider’s stock worth $394,757,000 after purchasing an additional 71,271 shares during the period. Finally, State Street Corp boosted its stake in FTAI Aviation by 1.2% during the 4th quarter. State Street Corp now owns 1,745,498 shares of the financial services provider’s stock valued at $343,601,000 after purchasing an additional 20,378 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors.

FTAI Aviation Price Performance

NASDAQ FTAI opened at $196.28 on Tuesday. The company has a quick ratio of 2.07, a current ratio of 5.28 and a debt-to-equity ratio of 8.55. The stock has a market capitalization of $20.16 billion, a PE ratio of 42.67, a price-to-earnings-growth ratio of 0.98 and a beta of 1.51. FTAI Aviation Ltd. has a 12-month low of $149.50 and a 12-month high of $323.51. The company has a 50 day moving average price of $214.41 and a two-hundred day moving average price of $241.15.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.13 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.19). The business had revenue of $953.09 million for the quarter. FTAI Aviation had a return on equity of 139.59% and a net margin of 15.94%.The firm’s revenue was up 40.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.57 EPS. As a group, equities analysts predict that FTAI Aviation Ltd. will post 5.48 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Wednesday, August 12th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Wednesday, August 12th. FTAI Aviation’s dividend payout ratio is presently 43.48%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FTAI. Morgan Stanley lifted their price target on FTAI Aviation from $319.00 to $360.00 and gave the company an “overweight” rating in a research report on Friday, August 21st. Citizens Jmp assumed coverage on FTAI Aviation in a research note on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 target price for the company. BTIG Research lowered their target price on FTAI Aviation from $400.00 to $350.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Weiss Ratings cut shares of FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Finally, Royal Bank Of Canada cut their price target on shares of FTAI Aviation from $350.00 to $300.00 and set an “outperform” rating for the company in a report on Monday, July 27th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $320.11.

Insider Buying and Selling

In related news, President David Moreno bought 2,475 shares of the business’s stock in a transaction on Friday, July 31st. The shares were bought at an average cost of $201.27 per share, for a total transaction of $498,143.25. Following the completion of the acquisition, the president directly owned 199,490 shares in the company, valued at approximately $40,151,352.30. This represents a 1.26% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.35% of the stock is owned by insiders.

FTAI Aviation 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.