FTAI Aviation Ltd. (NYSE:FTAI) Shares Acquired by Strs Ohio

Strs Ohio lifted its position in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 27.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,300 shares of the financial services provider’s stock after acquiring an additional 2,000 shares during the period. Strs Ohio’s holdings in FTAI Aviation were worth $431,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in FTAI. Public Employees Retirement System of Ohio raised its position in shares of FTAI Aviation by 37.4% during the 3rd 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 in the last quarter. Operose Advisors LLC acquired a new stake in FTAI Aviation in the third quarter worth $75,000. PNC Financial Services Group Inc. increased its position in FTAI Aviation by 25.2% in the third quarter. PNC Financial Services Group Inc. now owns 3,264 shares of the financial services provider’s stock worth $116,000 after buying an additional 657 shares during the period. CI Investments Inc. acquired a new stake in FTAI Aviation in the third quarter worth $150,000. Finally, Valeo Financial Advisors LLC acquired a new stake in FTAI Aviation in the fourth quarter worth $205,000. 88.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on FTAI. StockNews.com lowered FTAI Aviation from a “hold” rating to a “sell” rating in a research report on Friday, April 12th. Morgan Stanley increased their target price on FTAI Aviation from $58.00 to $70.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. Compass Point increased their target price on FTAI Aviation from $71.00 to $88.00 and gave the stock a “buy” rating in a research report on Friday. Stifel Nicolaus reaffirmed a “hold” rating and issued a $59.00 target price (up from $40.00) on shares of FTAI Aviation in a research report on Monday, February 26th. Finally, Benchmark increased their price target on FTAI Aviation from $45.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, FTAI Aviation has a consensus rating of “Moderate Buy” and a consensus price target of $61.39.

FTAI Aviation Stock Down 3.4 %

Shares of NYSE FTAI opened at $70.75 on Monday. FTAI Aviation Ltd. has a 12 month low of $26.79 and a 12 month high of $74.99. The company has a market cap of $7.09 billion, a price-to-earnings ratio of 32.31 and a beta of 1.90. The business has a fifty day simple moving average of $63.92 and a 200-day simple moving average of $51.44.

FTAI Aviation (NYSE:FTAI) last announced its earnings results on Thursday, April 25th. The financial services provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.06). FTAI Aviation had a net margin of 21.08% and a return on equity of 210.66%. The company had revenue of $326.70 million for the quarter, compared to analysts’ expectations of $302.07 million. During the same period in the prior year, the company earned $0.22 earnings per share. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. As a group, sell-side analysts expect that FTAI Aviation Ltd. will post 2.49 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Friday, March 8th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend was Thursday, March 7th. FTAI Aviation’s dividend payout ratio is currently 54.79%.

FTAI Aviation Profile

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.