Capital International Investors Takes Position in FTAI Aviation Ltd. (NYSE:FTAI)

Capital International Investors bought a new stake in FTAI Aviation Ltd. (NYSE:FTAI) during the 1st quarter, HoldingsChannel reports. The firm bought 4,072,088 shares of the financial services provider’s stock, valued at approximately $274,052,000.

Several other institutional investors have also modified their holdings of FTAI. CIBC Private Wealth Group LLC grew its position in shares of FTAI Aviation by 90.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,858,682 shares of the financial services provider’s stock valued at $132,643,000 after purchasing an additional 1,359,302 shares during the period. Norges Bank acquired a new position in FTAI Aviation during the fourth quarter worth about $55,039,000. Pingora Partners LLC acquired a new position in FTAI Aviation during the fourth quarter worth about $29,147,000. Wellington Management Group LLP boosted its position in FTAI Aviation by 159.1% during the fourth quarter. Wellington Management Group LLP now owns 880,084 shares of the financial services provider’s stock worth $40,836,000 after acquiring an additional 540,379 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in FTAI Aviation by 6.3% during the first quarter. Vanguard Group Inc. now owns 9,040,503 shares of the financial services provider’s stock worth $608,426,000 after acquiring an additional 533,381 shares during the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

Insider Activity

In related news, CEO Joseph P. Jr. Adams purchased 59,000 shares of FTAI Aviation stock in a transaction dated Thursday, May 30th. The shares were acquired at an average cost of $82.00 per share, with a total value of $4,838,000.00. Following the purchase, the chief executive officer now owns 197,382 shares of the company’s stock, valued at $16,185,324. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

FTAI has been the topic of a number of recent research reports. Citigroup boosted their price target on shares of FTAI Aviation from $81.00 to $99.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Barclays boosted their price target on shares of FTAI Aviation from $62.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Compass Point boosted their price target on shares of FTAI Aviation from $88.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of FTAI Aviation from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, FTAI Aviation currently has an average rating of “Moderate Buy” and an average price target of $104.23.

FTAI Aviation Stock Performance

Shares of FTAI Aviation stock traded up $7.30 on Friday, reaching $112.63. The company had a trading volume of 2,386,304 shares, compared to its average volume of 1,013,866. The firm’s 50 day moving average price is $94.13 and its two-hundred day moving average price is $73.34. The firm has a market cap of $11.29 billion, a PE ratio of 51.43 and a beta of 2.03. FTAI Aviation Ltd. has a 52-week low of $31.73 and a 52-week high of $115.00.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). The company had revenue of $326.70 million during the quarter, compared to analysts’ expectations of $302.07 million. FTAI Aviation had a negative net margin of 1.50% and a positive return on equity of 156.50%. FTAI Aviation’s revenue was up 11.6% on a year-over-year basis. During the same period last year, the firm posted $0.22 earnings per share. As a group, sell-side analysts predict that FTAI Aviation Ltd. will post 2.04 EPS for the current year.

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.