Sumitomo Mitsui DS Asset Management Company Ltd Makes New $7.01 Million Investment in FTAI Aviation Ltd. $FTAI

Key Points

• Sumitomo Mitsui DS Asset Management purchased 41,985 FTAI Aviation shares worth approximately $7.01 million during the third quarter. Institutional investors collectively own 88.96% of the company.
• FTAI Aviation’s shares opened at $163.52, well below their 52-week high of $323.51. The company’s latest quarterly EPS of $1.13 missed analyst expectations of $1.32, although revenue increased 40.9% year over year to $953.09 million.
• Analysts maintain a generally positive outlook, with eight Buy ratings and two Holds, producing a “Moderate Buy” consensus and an average price target of $310.62. The company also pays a quarterly dividend of $0.50, representing a 1.2% annualized yield.

Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 41,985 shares of the financial services provider's stock, valued at approximately $7,013,000.

Several other hedge funds and other institutional investors have also modified their holdings of FTAI. MassMutual Private Wealth & Trust FSB acquired a new position in FTAI Aviation during the 3rd quarter worth about $25,000. SJS Investment Consulting Inc. grew its position in FTAI Aviation by 122.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 59 shares in the last quarter. Meeder Asset Management Inc. grew its position in FTAI Aviation by 142.2% in the 1st quarter. Meeder Asset Management Inc. now owns 109 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 64 shares in the last quarter. Ancora Advisors LLC acquired a new position in FTAI Aviation in the 2nd quarter valued at about $32,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in FTAI Aviation during the second quarter worth about $37,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Aviation Price Performance

Shares of NASDAQ FTAI opened at $163.52 on Thursday. The stock's 50-day moving average is $184.95 and its two-hundred day moving average is $221.47. The company has a debt-to-equity ratio of 8.55, a current ratio of 5.28 and a quick ratio of 2.07. FTAI Aviation Ltd. has a 1-year low of $149.50 and a 1-year high of $323.51. The company has a market cap of $16.80 billion, a price-to-earnings ratio of 35.55, a price-to-earnings-growth ratio of 0.79 and a beta of 1.51.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.19). The company had revenue of $953.09 million during the quarter. FTAI Aviation had a net margin of 15.94% and a return on equity of 139.59%. The business's revenue for the quarter was up 40.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.57 EPS. Analysts forecast that FTAI Aviation Ltd. will post 5.48 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Wednesday, August 12th were given a $0.50 dividend. The ex-dividend date was Wednesday, August 12th. This represents a $2.00 dividend on an annualized basis and a yield of 1.2%. FTAI Aviation's dividend payout ratio (DPR) is presently 43.48%.

Insider Buying and Selling

In other FTAI Aviation news, President David Moreno bought 2,475 shares of the company's stock in a transaction on Friday, July 31st. The shares were bought at an average price of $201.27 per share, for a total transaction of $498,143.25. Following the transaction, the president owned 199,490 shares of the company's stock, valued at approximately $40,151,352.30. This trade represents a 1.26% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.35% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

FTAI has been the topic of several research reports. Citizens Jmp began coverage on shares of FTAI Aviation in a research report on Wednesday, July 15th. They set a "market outperform" rating and a $375.00 price target on the stock. Morgan Stanley dropped their price objective on shares of FTAI Aviation from $360.00 to $310.00 and set an "overweight" rating for the company in a report on Friday, October 16th. BTIG Research dropped their price objective on shares of FTAI Aviation from $400.00 to $350.00 and set a "buy" rating for the company in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft set a $290.00 target price on shares of FTAI Aviation in a research note on Friday, July 31st. Finally, Royal Bank Of Canada reduced their target price on shares of FTAI Aviation from $350.00 to $300.00 and set an "outperform" rating on the stock in a report on Monday, July 27th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $310.62.

FTAI Aviation Company Profile

FTAI Aviation Ltd. is an aviation-focused company that owns, acquires, leases and sells commercial aircraft engines, aircraft and related aviation assets. Its portfolio primarily supports the global narrowbody aircraft market, with a particular focus on widely used engine platforms such as the CFM56 and V2500.

The company provides engine leasing solutions to airlines, aircraft leasing companies and other aviation customers. It also supplies aviation parts and materials and offers maintenance, repair and overhaul-related services.

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