Russell Investments Group Ltd. Has $29.95 Million Holdings in FTAI Aviation Ltd. $FTAI

Russell Investments Group Ltd. trimmed its position in FTAI Aviation Ltd. (NASDAQ:FTAI) by 6.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 179,781 shares of the financial services provider’s stock after selling 13,028 shares during the quarter. Russell Investments Group Ltd.’s holdings in FTAI Aviation were worth $29,949,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in FTAI. Mather Group LLC. acquired a new stake in shares of FTAI Aviation during the third quarter valued at approximately $28,000. Global Retirement Partners LLC grew its position in FTAI Aviation by 880.0% during the 3rd quarter. Global Retirement Partners LLC now owns 343 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 308 shares in the last quarter. GAMMA Investing LLC raised its stake in FTAI Aviation by 22.7% during the 3rd quarter. GAMMA Investing LLC now owns 525 shares of the financial services provider’s stock valued at $88,000 after purchasing an additional 97 shares during the period. Rossby Financial LCC raised its stake in FTAI Aviation by 13.6% during the 3rd quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 65 shares during the period. Finally, Assetmark Inc. lifted its holdings in shares of FTAI Aviation by 11.0% in the third quarter. Assetmark Inc. now owns 708 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 70 shares in the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Stock Performance

FTAI stock opened at $237.15 on Friday. The company has a quick ratio of 2.30, a current ratio of 5.28 and a debt-to-equity ratio of 10.32. The company has a market capitalization of $24.32 billion, a price-to-earnings ratio of 51.33, a P/E/G ratio of 1.05 and a beta of 1.50. FTAI Aviation Ltd. has a 12 month low of $81.45 and a 12 month high of $323.51. The firm has a 50 day moving average of $272.27 and a two-hundred day moving average of $204.90.

FTAI Aviation (NASDAQ:FTAI) last posted its earnings results on Wednesday, February 25th. The financial services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.14). FTAI Aviation had a net margin of 19.98% and a return on equity of 257.07%. The company had revenue of $662.03 million for the quarter, compared to the consensus estimate of $710.37 million. During the same quarter last year, the business earned $0.84 earnings per share. FTAI Aviation’s quarterly revenue was up 32.7% on a year-over-year basis. As a group, equities analysts anticipate that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, March 23rd. Stockholders of record on Friday, March 13th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 13th. FTAI Aviation’s dividend payout ratio (DPR) is currently 30.30%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FTAI. Zacks Research upgraded FTAI Aviation from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Barclays increased their price objective on FTAI Aviation from $260.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. BTIG Research lifted their target price on FTAI Aviation from $230.00 to $335.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Wolfe Research reiterated an “outperform” rating and issued a $225.00 target price on shares of FTAI Aviation in a report on Wednesday, December 31st. Finally, Citigroup reissued an “outperform” rating on shares of FTAI Aviation in a research report on Thursday, January 29th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $292.22.

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.