Sumitomo Mitsui Trust Group Inc. Acquires Shares of 189,867 FTAI Aviation Ltd. $FTAI

Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) in the 1st quarter, HoldingsChannel reports. The fund bought 189,867 shares of the financial services provider’s stock, valued at approximately $46,517,000.

A number of other large investors have also added to or reduced their stakes in FTAI. Root Financial Partners LLC raised its position in FTAI Aviation by 40.9% in the first quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 45 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of FTAI Aviation by 1.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 4,454 shares of the financial services provider’s stock valued at $877,000 after acquiring an additional 52 shares during the period. MetLife Investment Management LLC increased its stake in shares of FTAI Aviation by 0.9% during the 4th quarter. MetLife Investment Management LLC now owns 6,578 shares of the financial services provider’s stock worth $1,295,000 after purchasing an additional 57 shares during the last quarter. SJS Investment Consulting Inc. increased its stake in shares of FTAI Aviation by 122.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 59 shares during the last quarter. Finally, Abel Hall LLC increased its stake in shares of FTAI Aviation by 6.2% during the 1st quarter. Abel Hall LLC now owns 1,362 shares of the financial services provider’s stock worth $334,000 after purchasing an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Analyst Upgrades and Downgrades

FTAI has been the topic of several research analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a $400.00 price objective on shares of FTAI Aviation in a research note on Sunday, May 3rd. Morgan Stanley reaffirmed an “overweight” rating and set a $319.00 price target on shares of FTAI Aviation in a research report on Friday, May 8th. Weiss Ratings lowered FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 2nd. Finally, Zacks Research lowered FTAI Aviation from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, FTAI Aviation presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.88.

Insider Activity at FTAI Aviation

In other news, Director Martin Tuchman sold 67,500 shares of FTAI Aviation stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $241.99, for a total transaction of $16,334,325.00. Following the completion of the sale, the director owned 210,491 shares in the company, valued at approximately $50,936,717.09. This trade represents a 24.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Judith A. Hannaway sold 255 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total transaction of $64,741.95. Following the completion of the transaction, the director directly owned 3,012 shares of the company’s stock, valued at approximately $764,716.68. This represents a 7.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 254,515 shares of company stock worth $61,599,445 over the last quarter. Corporate insiders own 1.35% of the company’s stock.

FTAI Aviation Price Performance

FTAI Aviation stock opened at $227.35 on Monday. The firm has a market capitalization of $23.32 billion, a P/E ratio of 45.11, a PEG ratio of 0.92 and a beta of 1.46. FTAI Aviation Ltd. has a one year low of $109.13 and a one year high of $323.51. The company has a debt-to-equity ratio of 8.00, a current ratio of 5.24 and a quick ratio of 2.48. The business has a fifty day moving average price of $252.64 and a 200-day moving average price of $253.16.

FTAI Aviation (NASDAQ:FTAI) last issued its earnings results on Wednesday, April 29th. The financial services provider reported $1.29 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.32). The company had revenue of $830.70 million during the quarter. FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The firm’s revenue for the quarter was up 65.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.87 EPS. As a group, equities research analysts forecast that FTAI Aviation Ltd. will post 6.77 EPS for the current year.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Wednesday, May 13th were paid a $0.45 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $1.80 annualized dividend and a yield of 0.8%. FTAI Aviation’s dividend payout ratio is currently 31.75%.

FTAI Aviation Company Profile

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.