Swedbank AB Makes New $6.78 Million Investment in FTAI Aviation Ltd. $FTAI

Swedbank AB bought a new position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 27,659 shares of the financial services provider’s stock, valued at approximately $6,776,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FTAI. SJS Investment Consulting Inc. raised its holdings in shares of FTAI Aviation by 122.9% in the first quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after buying an additional 59 shares during the last quarter. Garton & Associates Financial Advisors LLC acquired a new position in FTAI Aviation during the 4th quarter worth about $30,000. Root Financial Partners LLC grew its holdings in FTAI Aviation by 40.9% during the 1st quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 45 shares during the last quarter. Greenline Wealth Management LLC bought a new stake in FTAI Aviation during the 4th quarter worth about $50,000. Finally, First Horizon Corp increased its position in FTAI Aviation by 131.9% in the 4th quarter. First Horizon Corp now owns 320 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 182 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Trading Down 0.3%

NASDAQ:FTAI traded down $0.67 on Friday, hitting $227.35. 1,055,067 shares of the stock were exchanged, compared to its average volume of 1,033,402. The stock has a market capitalization of $23.32 billion, a price-to-earnings ratio of 45.11, a P/E/G ratio of 0.92 and a beta of 1.46. FTAI Aviation Ltd. has a 52 week low of $109.13 and a 52 week high of $323.51. The company has a debt-to-equity ratio of 8.00, a quick ratio of 2.48 and a current ratio of 5.24. The company’s 50-day moving average price is $252.64 and its 200 day moving average price is $252.58.

FTAI Aviation (NASDAQ:FTAI) last released its earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.32). The business had revenue of $830.70 million for the quarter. FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. The company’s revenue for the quarter was up 65.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.87 EPS. On average, equities research analysts forecast that FTAI Aviation Ltd. will post 6.77 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Wednesday, May 13th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, May 13th. FTAI Aviation’s payout ratio is 31.75%.

Insider Activity at FTAI Aviation

In other FTAI Aviation news, Director Martin Tuchman sold 143,584 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $242.44, for a total value of $34,810,504.96. Following the transaction, the director directly owned 236,302 shares of the company’s stock, valued at approximately $57,289,056.88. This trade represents a 37.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Judith A. Hannaway sold 255 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $253.89, for a total transaction of $64,741.95. Following the completion of the transaction, the director directly owned 3,012 shares in the company, valued at approximately $764,716.68. The trade was a 7.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 254,515 shares of company stock worth $61,599,445 over the last 90 days. 1.35% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FTAI. Weiss Ratings lowered shares of FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 2nd. Morgan Stanley reissued an “overweight” rating and set a $319.00 price target on shares of FTAI Aviation in a research note on Friday, May 8th. Zacks Research lowered shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. BTIG Research boosted their price objective on shares of FTAI Aviation from $335.00 to $340.00 and gave the stock a “buy” rating in a research report on Friday, March 13th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $400.00 price objective on shares of FTAI Aviation in a report on Sunday, May 3rd. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $326.88.

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.