Public Employees Retirement System of Ohio Takes Position in FTAI Aviation Ltd. $FTAI

Public Employees Retirement System of Ohio purchased a new position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 29,165 shares of the financial services provider’s stock, valued at approximately $7,890,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. SJS Investment Consulting Inc. grew its holdings in FTAI Aviation by 122.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 59 shares during the period. Meeder Asset Management Inc. boosted its position in shares of FTAI Aviation by 142.2% in the 1st quarter. Meeder Asset Management Inc. now owns 109 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 64 shares during the last quarter. Garton & Associates Financial Advisors LLC acquired a new stake in shares of FTAI Aviation during the fourth quarter worth $30,000. Ancora Advisors LLC acquired a new stake in shares of FTAI Aviation during the second quarter worth $32,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in FTAI Aviation in the second quarter valued at about $37,000. 88.96% of the stock is owned by institutional investors.

FTAI Aviation Stock Performance

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. FTAI Aviation Ltd. has a 52 week low of $147.98 and a 52 week high of $323.51. The company’s 50 day moving average price is $220.14 and its two-hundred day moving average price is $243.56. The company has a market capitalization of $19.44 billion, a P/E ratio of 41.15, a price-to-earnings-growth ratio of 0.95 and a beta of 1.51.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.19). FTAI Aviation had a net margin of 15.94% and a return on equity of 139.59%. The company had revenue of $953.09 million during the quarter. During the same period in the previous year, the business earned $1.57 EPS. The firm’s revenue for the quarter was up 40.9% on a year-over-year basis. On average, analysts expect that FTAI Aviation Ltd. will post 5.48 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

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

Analyst Upgrades and Downgrades

FTAI has been the topic of a number of recent analyst reports. BTIG Research reduced their target price on FTAI Aviation from $400.00 to $350.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft set a $290.00 price target on shares of FTAI Aviation in a report on Friday, July 31st. Morgan Stanley upped their price objective on shares of FTAI Aviation from $319.00 to $360.00 and gave the company an “overweight” rating in a research report on Friday, August 21st. Royal Bank Of Canada dropped their price objective on FTAI Aviation from $350.00 to $300.00 and set an “outperform” rating on the stock in a research note on Monday, July 27th. Finally, Citizens Jmp began coverage on FTAI Aviation in a research note on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 target price for the company. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $320.11.

Insiders Place Their Bets

In other news, President David Moreno bought 2,475 shares of the stock in a transaction on Friday, July 31st. The stock was purchased at an average price of $201.27 per share, for a total transaction of $498,143.25. Following the acquisition, the president owned 199,490 shares in the company, valued at approximately $40,151,352.30. This trade represents a 1.26% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.35% of the company’s stock.

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.