FTAI Aviation Ltd. $FTAI Shares Purchased by Public Employees Retirement System of Ohio

Key Points

• The Public Employees Retirement System of Ohio significantly increased its stake in FTAI Aviation Ltd. by 9,130.9%, now holding 31,939 shares valued at approximately $3.67 million.
• FTAI Aviation reported $1.57 earnings per share for the last quarter, surpassing expectations of $1.33, and noted a revenue increase of 52.4% year-over-year.
• Analysts have raised price targets for FTAI Aviation, with Citigroup and BTIG Research setting targets as high as $230, reflecting a strong buy consensus for the stock.

Public Employees Retirement System of Ohio boosted its position in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 9,130.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,939 shares of the financial services provider's stock after purchasing an additional 31,593 shares during the period. Public Employees Retirement System of Ohio's holdings in FTAI Aviation were worth $3,674,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its position in FTAI Aviation by 420.9% in the first quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock worth $25,000 after purchasing an additional 181 shares during the period. Virtus Advisers LLC acquired a new stake in FTAI Aviation in the first quarter worth approximately $29,000. Rakuten Securities Inc. acquired a new stake in FTAI Aviation in the first quarter worth approximately $34,000. Parallel Advisors LLC lifted its position in FTAI Aviation by 78.5% in the second quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider's stock worth $35,000 after purchasing an additional 135 shares during the period. Finally, Rossby Financial LCC acquired a new stake in FTAI Aviation in the first quarter worth approximately $45,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Stock Up 2.2%

Shares of NASDAQ:FTAI opened at $166.86 on Wednesday. The company's fifty day moving average is $151.21 and its two-hundred day moving average is $125.40. FTAI Aviation Ltd. has a 12-month low of $75.06 and a 12-month high of $184.44. The company has a market cap of $17.11 billion, a P/E ratio of 41.30 and a beta of 1.65.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last announced its earnings results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.24. FTAI Aviation had a net margin of 21.31% and a return on equity of 465.13%. The company had revenue of $676.24 million for the quarter, compared to the consensus estimate of $754.75 million. During the same period in the previous year, the business earned ($2.26) EPS. The company's revenue was up 52.4% on a year-over-year basis. Equities research analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 12th. FTAI Aviation's payout ratio is 29.70%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on FTAI shares. Citigroup restated a "buy" rating on shares of FTAI Aviation in a research report on Thursday, July 10th. Morgan Stanley upped their price target on FTAI Aviation from $138.00 to $175.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. JMP Securities upped their price target on FTAI Aviation from $180.00 to $205.00 and gave the company a "market outperform" rating in a report on Wednesday, August 6th. BTIG Research upped their price target on FTAI Aviation from $190.00 to $230.00 and gave the company a "buy" rating in a report on Monday, August 25th. Finally, Royal Bank Of Canada upped their price target on FTAI Aviation from $160.00 to $185.00 and gave the company an "outperform" rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $187.64.

FTAI Aviation Company Profile

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.

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