Swiss National Bank Has $22.05 Million Stock Position in FTAI Aviation Ltd. (NASDAQ:FTAI)

Swiss National Bank reduced its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 1.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 198,592 shares of the financial services provider's stock after selling 2,500 shares during the quarter. Swiss National Bank owned approximately 0.19% of FTAI Aviation worth $22,050,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Amalgamated Bank grew its stake in shares of FTAI Aviation by 3.5% in the 1st quarter. Amalgamated Bank now owns 3,518 shares of the financial services provider's stock worth $391,000 after purchasing an additional 120 shares during the last quarter. Scotia Capital Inc. increased its position in shares of FTAI Aviation by 0.5% in the first quarter. Scotia Capital Inc. now owns 25,428 shares of the financial services provider's stock worth $2,823,000 after acquiring an additional 122 shares in the last quarter. AE Wealth Management LLC increased its position in shares of FTAI Aviation by 6.3% in the first quarter. AE Wealth Management LLC now owns 2,430 shares of the financial services provider's stock worth $270,000 after acquiring an additional 145 shares in the last quarter. Virtus Fund Advisers LLC purchased a new position in shares of FTAI Aviation in the fourth quarter worth approximately $26,000. Finally, Versant Capital Management Inc increased its position in shares of 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 acquiring an additional 181 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors.

FTAI Aviation Trading Down 0.1%

NASDAQ FTAI traded down $0.18 during trading on Friday, reaching $144.72. The company's stock had a trading volume of 886,238 shares, compared to its average volume of 1,467,793. The stock has a market capitalization of $14.84 billion, a PE ratio of 35.82 and a beta of 1.61. The business has a 50-day moving average price of $124.03 and a 200-day moving average price of $115.28. FTAI Aviation Ltd. has a 1-year low of $75.06 and a 1-year 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 net margin of 21.31% and a return on equity of 465.13%. The firm had revenue of $676.24 million during the quarter, compared to analysts' expectations of $754.75 million. During the same period in the previous year, the company earned ($2.26) earnings per share. The company's revenue was up 52.4% compared to the same quarter last year. As a group, analysts expect that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 19th. Stockholders of record on Tuesday, August 12th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, August 12th. FTAI Aviation's payout ratio is presently 29.70%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Citizens Jmp raised shares of FTAI Aviation to a "strong-buy" rating in a research report on Thursday, May 8th. Royal Bank Of Canada boosted their price objective on shares of FTAI Aviation from $130.00 to $160.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Barclays lowered their price objective on shares of FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Stifel Nicolaus raised shares of FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price objective on the stock in a research report on Friday, May 2nd. Finally, Wall Street Zen raised shares of FTAI Aviation from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Thirteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $176.42.

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.