Swiss National Bank Purchases 98,808 Shares of FTAI Aviation Ltd. $FTAI

Swiss National Bank boosted its position in FTAI Aviation Ltd. (NASDAQ:FTAI) by 48.9% in the 1st quarter, HoldingsChannel reports. The firm owned 301,000 shares of the financial services provider’s stock after acquiring an additional 98,808 shares during the period. Swiss National Bank’s holdings in FTAI Aviation were worth $73,745,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SJS Investment Consulting Inc. increased its position in FTAI Aviation by 122.9% during the first 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. Garton & Associates Financial Advisors LLC acquired a new stake in shares of FTAI Aviation in the fourth quarter valued at approximately $30,000. Root Financial Partners LLC lifted its position in shares of FTAI Aviation by 40.9% in the first quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock valued at $38,000 after buying an additional 45 shares during the last quarter. Greenline Wealth Management LLC bought a new position in shares of FTAI Aviation during the 4th quarter worth approximately $50,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of FTAI Aviation during the 1st quarter worth approximately $51,000. Institutional investors own 88.96% of the company’s stock.

Insider Transactions at FTAI Aviation

In related news, Director Martin Tuchman sold 67,500 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $241.99, for a total transaction of $16,334,325.00. Following the transaction, the director directly owned 210,491 shares of the company’s stock, valued at approximately $50,936,717.09. This trade represents a 24.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Judith A. Hannaway sold 255 shares of FTAI Aviation stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total transaction of $64,741.95. Following the completion of the sale, the director owned 3,012 shares of the company’s stock, valued at $764,716.68. This trade represents a 7.81% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 254,515 shares of company stock valued at $61,599,445. 1.35% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on FTAI. Zacks Research cut FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Weiss Ratings raised shares of FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Citizens Jmp assumed coverage on shares of FTAI Aviation in a report on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 price objective on the stock. Morgan Stanley reissued an “overweight” rating and issued a $319.00 price objective on shares of FTAI Aviation in a research report on Friday, May 8th. Finally, Jefferies Financial Group restated a “buy” rating and set a $400.00 target price on shares of FTAI Aviation in a research note on Sunday, May 3rd. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $333.12.

FTAI Aviation Price Performance

FTAI Aviation stock opened at $210.25 on Wednesday. The company has a market capitalization of $21.57 billion, a price-to-earnings ratio of 41.72, a PEG ratio of 0.80 and a beta of 1.46. The company has a current ratio of 5.24, a quick ratio of 2.48 and a debt-to-equity ratio of 8.00. FTAI Aviation Ltd. has a 12 month low of $109.90 and a 12 month high of $323.51. The stock’s 50 day moving average is $244.27 and its 200-day moving average is $254.51.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.32). FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The firm had revenue of $830.70 million for the quarter. During the same period in the prior year, the firm posted $0.87 earnings per share. The company’s revenue was up 65.4% compared to the same quarter last year. Equities research analysts expect that FTAI Aviation Ltd. will post 6.77 EPS for the current year.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Wednesday, May 13th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. FTAI Aviation’s dividend payout ratio (DPR) is currently 31.75%.

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.