FTAI Aviation Ltd. $FTAI Shares Acquired by Saudi Central Bank

Saudi Central Bank increased its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 84.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,000 shares of the financial services provider’s stock after purchasing an additional 3,214 shares during the quarter. Saudi Central Bank’s holdings in FTAI Aviation were worth $1,894,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. SJS Investment Consulting Inc. lifted its position in shares of FTAI Aviation by 122.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after buying an additional 59 shares during the last quarter. Meeder Asset Management Inc. grew its position in shares of FTAI Aviation by 142.2% during the 1st quarter. Meeder Asset Management Inc. now owns 109 shares of the financial services provider’s stock valued at $27,000 after buying an additional 64 shares during the last quarter. Garton & Associates Financial Advisors LLC bought a new stake in shares of FTAI Aviation during the 4th quarter valued at about $30,000. Ancora Advisors LLC acquired a new stake in FTAI Aviation during the second quarter worth about $32,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in FTAI Aviation during the second quarter worth about $37,000. Institutional investors own 88.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft set a $290.00 target price on FTAI Aviation in a research note on Friday, July 31st. BTIG Research dropped their price target on FTAI Aviation from $400.00 to $350.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Weiss Ratings downgraded FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Morgan Stanley boosted their price objective on FTAI Aviation from $319.00 to $360.00 and gave the company an “overweight” rating in a research report on Friday, August 21st. Finally, Royal Bank Of Canada lowered their price objective on FTAI Aviation from $350.00 to $300.00 and set an “outperform” rating for the company in a research note on Monday, July 27th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, FTAI Aviation presently has an average rating of “Moderate Buy” and a consensus price target of $320.11.

FTAI Aviation Stock Performance

FTAI Aviation stock opened at $196.28 on Tuesday. The company has a quick ratio of 2.07, a current ratio of 5.28 and a debt-to-equity ratio of 8.55. The firm has a 50-day moving average price of $214.41 and a two-hundred day moving average price of $241.15. The firm has a market capitalization of $20.16 billion, a price-to-earnings ratio of 42.67, a PEG ratio of 0.98 and a beta of 1.51. FTAI Aviation Ltd. has a 52-week low of $149.50 and a 52-week high of $323.51.

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

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Wednesday, August 12th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Wednesday, August 12th. FTAI Aviation’s dividend payout ratio is 43.48%.

Insider Buying and Selling

In other FTAI Aviation news, President David Moreno bought 2,475 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were purchased at an average cost of $201.27 per share, for a total transaction of $498,143.25. Following the transaction, the president directly owned 199,490 shares in the company, valued at $40,151,352.30. The trade was a 1.26% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.35% of the stock is currently owned by corporate insiders.

FTAI Aviation Company 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.