Public Employees Retirement System of Ohio Makes New $7.89 Million Investment in FTAI Aviation Ltd. $FTAI

Public Employees Retirement System of Ohio acquired a new stake in FTAI Aviation Ltd. (NASDAQ:FTAI) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 29,165 shares of the financial services provider’s stock, valued at approximately $7,890,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Mediolanum International Funds Ltd bought a new position in FTAI Aviation in the first quarter valued at $1,313,000. Resona Asset Management Co. Ltd. bought a new stake in FTAI Aviation during the 1st quarter worth about $7,217,000. Trek Financial LLC bought a new stake in FTAI Aviation during the 4th quarter worth about $3,936,000. Swiss National Bank boosted its stake in shares of FTAI Aviation by 48.9% during the 1st quarter. Swiss National Bank now owns 301,000 shares of the financial services provider’s stock worth $73,745,000 after buying an additional 98,808 shares during the last quarter. Finally, Independent Financial Group LLC acquired a new position in shares of FTAI Aviation during the 1st quarter worth about $1,949,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at FTAI Aviation

In other FTAI Aviation news, President David Moreno bought 2,475 shares of FTAI Aviation stock in a transaction dated Friday, July 31st. The stock was bought at an average cost of $201.27 per share, for a total transaction of $498,143.25. Following the purchase, the president owned 199,490 shares of the company’s stock, valued at $40,151,352.30. The trade was a 1.26% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.35% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft set a $290.00 target price on FTAI Aviation in a research report on Friday, July 31st. Royal Bank Of Canada decreased their price target on FTAI Aviation from $350.00 to $300.00 and set an “outperform” rating for the company in a research note on Monday, July 27th. Morgan Stanley boosted their price target on FTAI Aviation from $319.00 to $360.00 and gave the stock an “overweight” rating in a research report on Friday, August 21st. Zacks Research cut FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Finally, Citizens Jmp began coverage on FTAI Aviation in a research note on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 price objective on the stock. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $320.11.

FTAI Aviation Stock Down 0.4%

Shares of FTAI stock opened at $189.29 on Wednesday. The company has a debt-to-equity ratio of 8.55, a quick ratio of 2.07 and a current ratio of 5.28. The firm’s 50-day moving average is $220.14 and its 200-day moving average is $243.56. The stock has a market cap of $19.44 billion, a price-to-earnings ratio of 41.15, a PEG ratio of 0.95 and a beta of 1.51. FTAI Aviation Ltd. has a 52-week low of $147.98 and a 52-week high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.13 EPS for the quarter, missing analysts’ consensus estimates 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 business’s revenue for the quarter was up 40.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.57 EPS. Sell-side analysts predict that FTAI Aviation Ltd. will post 5.48 EPS for the current year.

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Wednesday, August 12th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, August 12th. FTAI Aviation’s dividend payout ratio (DPR) is presently 43.48%.

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.