SEB Asset Management AB Invests $5.15 Million in FTAI Aviation Ltd. $FTAI

SEB Asset Management AB acquired a new position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 21,035 shares of the financial services provider’s stock, valued at approximately $5,154,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital World Investors boosted its stake in FTAI Aviation by 41.1% in the fourth quarter. Capital World Investors now owns 8,916,830 shares of the financial services provider’s stock valued at $1,755,290,000 after acquiring an additional 2,596,265 shares in the last quarter. Rubric Capital Management LP increased its position in shares of FTAI Aviation by 10.1% during the fourth quarter. Rubric Capital Management LP now owns 3,700,000 shares of the financial services provider’s stock worth $728,345,000 after purchasing an additional 339,447 shares in the last quarter. Westfield Capital Management Co. LP lifted its holdings in shares of FTAI Aviation by 10.3% during the 4th quarter. Westfield Capital Management Co. LP now owns 2,350,625 shares of the financial services provider’s stock valued at $462,721,000 after purchasing an additional 220,384 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of FTAI Aviation by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 2,004,963 shares of the financial services provider’s stock valued at $394,757,000 after purchasing an additional 71,271 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of FTAI Aviation by 1.2% during the 4th quarter. State Street Corp now owns 1,745,498 shares of the financial services provider’s stock valued at $343,601,000 after purchasing an additional 20,378 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Trading Up 5.8%

NASDAQ:FTAI opened at $222.49 on Thursday. FTAI Aviation Ltd. has a 12 month low of $109.90 and a 12 month high of $323.51. The firm has a fifty day simple moving average of $243.38 and a 200-day simple moving average of $254.69. The company has a current ratio of 5.24, a quick ratio of 2.48 and a debt-to-equity ratio of 8.00. The company has a market capitalization of $22.82 billion, a P/E ratio of 44.14, a PEG ratio of 0.85 and a beta of 1.46.

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

FTAI Aviation Dividend Announcement

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

Insider Transactions at FTAI Aviation

In related news, Director Martin Tuchman sold 143,584 shares of FTAI Aviation stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $242.44, for a total transaction of $34,810,504.96. Following the completion of the sale, the director owned 236,302 shares of the company’s stock, valued at $57,289,056.88. The trade was a 37.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Judith A. Hannaway sold 255 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $253.89, for a total value of $64,741.95. Following the completion of the sale, the director owned 3,012 shares in the company, valued at approximately $764,716.68. This represents a 7.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 254,515 shares of company stock worth $61,599,445 over the last three months. Corporate insiders own 1.35% of the company’s stock.

Wall Street Analyst Weigh In

FTAI has been the topic of several research analyst reports. Jefferies Financial Group restated a “buy” rating and set a $400.00 target price on shares of FTAI Aviation in a research note on Sunday, May 3rd. Citizens Jmp started coverage on FTAI Aviation in a research note on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 price target for the company. BTIG Research raised their price target on FTAI Aviation from $340.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday. Morgan Stanley reissued an “overweight” rating and issued a $319.00 price target on shares of FTAI Aviation in a report on Friday, May 8th. Finally, Weiss Ratings upgraded FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. Ten research analysts have rated the stock with a Buy rating and one has assigned 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 $340.62.

About FTAI Aviation

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.