Strs Ohio Purchases Shares of 14,100 FTAI Aviation Ltd. $FTAI

Key Points

• Strs Ohio has acquired a new stake in FTAI Aviation Ltd., purchasing 14,100 shares valued at approximately $1.57 million.
• Analysts have shifted their outlook on FTAI Aviation, with numerous upgrades and a current consensus rating of "Buy" alongside an average price target of $182.83.
• FTAI Aviation recently posted strong earnings, reporting an EPS of $1.57 for the last quarter, significantly beating estimates, while announcing a quarterly dividend of $0.30 per share.

Strs Ohio purchased a new stake in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 14,100 shares of the financial services provider's stock, valued at approximately $1,566,000.

A number of other large investors also recently bought and sold shares of the business. Wellington Management Group LLP raised its stake in shares of FTAI Aviation by 159.6% in the first quarter. Wellington Management Group LLP now owns 2,347,633 shares of the financial services provider's stock valued at $260,658,000 after acquiring an additional 1,443,440 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in FTAI Aviation by 30.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 964,529 shares of the financial services provider's stock valued at $107,092,000 after purchasing an additional 225,920 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of FTAI Aviation by 23.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 832,984 shares of the financial services provider's stock valued at $92,486,000 after acquiring an additional 156,019 shares during the period. Long Focus Capital Management LLC lifted its position in shares of FTAI Aviation by 64.6% during the 1st quarter. Long Focus Capital Management LLC now owns 790,000 shares of the financial services provider's stock valued at $87,714,000 after acquiring an additional 310,000 shares during the period. Finally, Empyrean Capital Partners LP acquired a new position in shares of FTAI Aviation during the 1st quarter worth approximately $61,546,000. Institutional investors and hedge funds own 88.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on FTAI shares. Zacks Research raised shares of FTAI Aviation from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 20th. Morgan Stanley increased their price objective on shares of FTAI Aviation from $138.00 to $175.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. Royal Bank Of Canada raised their price objective on shares of FTAI Aviation from $130.00 to $160.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Wall Street Zen downgraded shares of FTAI Aviation from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Finally, Citigroup restated a "buy" rating on shares of FTAI Aviation in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $182.83.

FTAI Aviation Trading Up 0.4%

Shares of FTAI Aviation stock traded up $0.72 on Friday, hitting $178.89. The stock had a trading volume of 1,312,630 shares, compared to its average volume of 1,095,911. The company's 50 day moving average price is $143.03 and its 200 day moving average price is $121.99. The stock has a market cap of $18.35 billion, a price-to-earnings ratio of 44.28 and a beta of 1.65. FTAI Aviation Ltd. has a 52-week low of $75.06 and a 52-week high of $181.64.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last posted its earnings results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.33 by $0.24. FTAI Aviation had a return on equity of 465.13% and a net margin of 21.31%.The firm 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 company earned ($2.26) EPS. FTAI Aviation's revenue was up 52.4% on a year-over-year basis. Analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal 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 given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $1.20 dividend on an annualized basis and a yield of 0.7%. FTAI Aviation's payout ratio is currently 29.70%.

About FTAI Aviation

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.