Maryland State Retirement & Pension System Makes New Investment in FTAI Aviation Ltd. $FTAI

Key Points

• The Maryland State Retirement & Pension System acquired a new stake of approximately $570,000 in FTAI Aviation Ltd. in the second quarter, acquiring 4,951 shares.
• Several institutional investors, including KLP Kapitalforvaltning AS and Fortitude Advisory Group, have also increased their positions in FTAI Aviation, with 88.96% of stock owned by institutional investors.
• FTAI Aviation received positive ratings from analysts, with a consensus rating of "Buy" and price targets ranging from $195.00 to $306.00, indicating strong confidence in the stock's future performance.

Maryland State Retirement & Pension System acquired a new stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,951 shares of the financial services provider's stock, valued at approximately $570,000.

Several other institutional investors also recently made changes to their positions in the stock. Abel Hall LLC acquired a new position in shares of FTAI Aviation during the 2nd quarter valued at $256,000. Joel Isaacson & Co. LLC lifted its holdings in FTAI Aviation by 1.4% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 42,172 shares of the financial services provider's stock worth $4,851,000 after buying an additional 600 shares in the last quarter. KLP Kapitalforvaltning AS lifted its holdings in FTAI Aviation by 3.3% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 21,700 shares of the financial services provider's stock worth $2,496,000 after buying an additional 700 shares in the last quarter. DAVENPORT & Co LLC lifted its holdings in FTAI Aviation by 15.2% in the 2nd quarter. DAVENPORT & Co LLC now owns 2,407 shares of the financial services provider's stock worth $277,000 after buying an additional 317 shares in the last quarter. Finally, Fortitude Advisory Group L.L.C. increased its position in shares of FTAI Aviation by 130.4% in the 2nd quarter. Fortitude Advisory Group L.L.C. now owns 21,667 shares of the financial services provider's stock worth $2,493,000 after purchasing an additional 12,262 shares during the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Barclays boosted their price objective on shares of FTAI Aviation from $150.00 to $195.00 and gave the company an "overweight" rating in a research report on Thursday, October 2nd. BTIG Research increased their target price on shares of FTAI Aviation from $190.00 to $230.00 and gave the company a "buy" rating in a research note on Monday, August 25th. Jones Trading assumed coverage on shares of FTAI Aviation in a research report on Friday. They issued a "buy" rating and a $306.00 price target for the company. JMP Securities upped their price target on shares of FTAI Aviation from $180.00 to $205.00 and gave the company a "market outperform" rating in a research report on Wednesday, August 6th. Finally, Zacks Research upgraded shares of FTAI Aviation from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $201.25.

FTAI Aviation Trading Up 3.7%

Shares of NASDAQ:FTAI opened at $169.10 on Tuesday. FTAI Aviation Ltd. has a 1 year low of $75.06 and a 1 year high of $184.44. The business has a fifty day simple moving average of $159.22 and a 200 day simple moving average of $129.24. The firm has a market cap of $17.34 billion, a price-to-earnings ratio of 41.86 and a beta of 1.70.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.57 EPS for the quarter, topping 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 analyst estimates of $754.75 million. During the same quarter in the prior year, the business posted ($2.26) EPS. FTAI Aviation's quarterly revenue was up 52.4% on a year-over-year basis. On average, sell-side analysts forecast that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Announces Dividend

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

FTAI Aviation 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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