FTAI Aviation Ltd. (NYSE:FTAI) Position Increased by Vanguard Group Inc.

Vanguard Group Inc. raised its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,507,122 shares of the financial services provider’s stock after purchasing an additional 84,611 shares during the period. Vanguard Group Inc. owned about 8.49% of FTAI Aviation worth $394,730,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in FTAI. Public Employees Retirement System of Ohio boosted its holdings in shares of FTAI Aviation by 37.4% during the third quarter. Public Employees Retirement System of Ohio now owns 848 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 231 shares during the period. CWM LLC acquired a new position in shares of FTAI Aviation during the fourth quarter valued at $43,000. USA Financial Formulas boosted its holdings in shares of FTAI Aviation by 1,684.6% during the fourth quarter. USA Financial Formulas now owns 1,624 shares of the financial services provider’s stock valued at $75,000 after acquiring an additional 1,533 shares during the period. Tucker Asset Management LLC boosted its holdings in shares of FTAI Aviation by 726.5% during the fourth quarter. Tucker Asset Management LLC now owns 1,653 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 1,453 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of FTAI Aviation by 25.2% during the third quarter. PNC Financial Services Group Inc. now owns 3,264 shares of the financial services provider’s stock valued at $116,000 after acquiring an additional 657 shares during the period. Institutional investors own 88.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Compass Point upped their price objective on shares of FTAI Aviation from $88.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Royal Bank of Canada upped their price objective on shares of FTAI Aviation from $85.00 to $95.00 and gave the stock an “outperform” rating in a report on Friday, June 7th. Jefferies Financial Group assumed coverage on shares of FTAI Aviation in a report on Tuesday. They issued a “buy” rating and a $120.00 price objective for the company. Deutsche Bank Aktiengesellschaft upped their price objective on shares of FTAI Aviation from $84.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, May 30th. Finally, Stifel Nicolaus upped their price objective on shares of FTAI Aviation from $59.00 to $66.00 and gave the stock a “hold” rating in a report on Monday, April 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $84.29.

FTAI Aviation Trading Up 1.1 %

NYSE FTAI opened at $101.81 on Friday. The stock’s 50-day moving average price is $81.94 and its two-hundred day moving average price is $64.78. The company has a market cap of $10.21 billion, a PE ratio of 46.49 and a beta of 1.95. FTAI Aviation Ltd. has a 1 year low of $29.16 and a 1 year high of $101.99.

FTAI Aviation (NYSE:FTAI) last issued its earnings results on Thursday, April 25th. The financial services provider reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). The business had revenue of $326.70 million during the quarter, compared to analyst estimates of $302.07 million. FTAI Aviation had a net margin of 21.08% and a return on equity of 188.45%. FTAI Aviation’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 EPS. Research analysts forecast that FTAI Aviation Ltd. will post 2.09 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Friday, May 10th were paid a $0.30 dividend. The ex-dividend date was Thursday, May 9th. This represents a $1.20 annualized dividend and a dividend yield of 1.18%. FTAI Aviation’s payout ratio is 54.79%.

Insider Activity at FTAI Aviation

In other news, CEO Joseph P. Jr. Adams purchased 59,000 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was acquired at an average price of $82.00 per share, with a total value of $4,838,000.00. Following the purchase, the chief executive officer now owns 197,382 shares in the company, valued at approximately $16,185,324. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is currently owned by company insiders.

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.