Vanguard Group Inc. Has $394.73 Million Stock Position in FTAI Aviation Ltd. (NYSE:FTAI)

Vanguard Group Inc. lifted its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 1.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,507,122 shares of the financial services provider’s stock after buying an additional 84,611 shares during the period. Vanguard Group Inc. owned about 0.08% of FTAI Aviation worth $394,730,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of FTAI. Rhumbline Advisers increased its holdings in FTAI Aviation by 8.3% in the 3rd quarter. Rhumbline Advisers now owns 133,964 shares of the financial services provider’s stock worth $4,762,000 after purchasing an additional 10,297 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in FTAI Aviation by 25.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,264 shares of the financial services provider’s stock worth $116,000 after purchasing an additional 657 shares in the last quarter. Invesco Ltd. increased its holdings in FTAI Aviation by 21.2% in the 3rd quarter. Invesco Ltd. now owns 299,826 shares of the financial services provider’s stock worth $10,659,000 after purchasing an additional 52,456 shares in the last quarter. Stifel Financial Corp increased its holdings in FTAI Aviation by 89.2% in the 3rd quarter. Stifel Financial Corp now owns 47,874 shares of the financial services provider’s stock worth $1,702,000 after purchasing an additional 22,568 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in FTAI Aviation by 2.4% in the 3rd quarter. Northern Trust Corp now owns 965,286 shares of the financial services provider’s stock worth $34,316,000 after purchasing an additional 22,502 shares in the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

Analyst Upgrades and Downgrades

FTAI has been the subject of several recent research reports. Benchmark reissued a “buy” rating and issued a $100.00 price target on shares of FTAI Aviation in a research note on Friday, June 7th. Citigroup raised their price objective on FTAI Aviation from $81.00 to $99.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Jefferies Financial Group began coverage on FTAI Aviation in a research report on Tuesday. They set a “buy” rating and a $120.00 price objective for the company. StockNews.com upgraded FTAI Aviation to a “sell” rating in a research report on Thursday, June 6th. Finally, Barclays raised their price objective on FTAI Aviation from $62.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, FTAI Aviation has an average rating of “Moderate Buy” and an average target price of $84.29.

FTAI Aviation Stock Performance

Shares of FTAI Aviation stock opened at $101.81 on Friday. FTAI Aviation Ltd. has a 52 week low of $29.16 and a 52 week high of $101.99. The stock has a 50 day moving average price of $81.94 and a two-hundred day moving average price of $64.78. The stock has a market capitalization of $10.21 billion, a PE ratio of 46.49 and a beta of 1.95.

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

FTAI Aviation Dividend Announcement

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

Insider Buying and Selling

In other FTAI Aviation news, CEO Joseph P. Jr. Adams purchased 59,000 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were acquired at an average cost of $82.00 per share, for a total transaction of $4,838,000.00. Following the completion of the acquisition, the chief executive officer now owns 197,382 shares of the company’s stock, valued at approximately $16,185,324. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is currently owned by corporate 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.