Mitsubishi UFJ Trust & Banking Corp Sells 27,182 Shares of FTAI Aviation Ltd. $FTAI

Mitsubishi UFJ Trust & Banking Corp reduced its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 27.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,652 shares of the financial services provider’s stock after selling 27,182 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.07% of FTAI Aviation worth $11,789,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Parkside Financial Bank & Trust increased its holdings in FTAI Aviation by 18,194.4% during the 3rd quarter. Parkside Financial Bank & Trust now owns 3,293 shares of the financial services provider’s stock valued at $549,000 after purchasing an additional 3,275 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of FTAI Aviation by 9.9% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 112,808 shares of the financial services provider’s stock worth $18,823,000 after buying an additional 10,154 shares during the last quarter. LDR Capital Management LLC purchased a new position in shares of FTAI Aviation during the third quarter valued at approximately $1,102,000. Hiddenite Capital Partners LP raised its holdings in shares of FTAI Aviation by 12.9% during the third quarter. Hiddenite Capital Partners LP now owns 79,000 shares of the financial services provider’s stock valued at $13,182,000 after acquiring an additional 9,000 shares in the last quarter. Finally, Amalgamated Bank raised its holdings in shares of FTAI Aviation by 7.0% during the third quarter. Amalgamated Bank now owns 8,337 shares of the financial services provider’s stock valued at $1,391,000 after acquiring an additional 547 shares in the last quarter. 88.96% of the stock is owned by institutional investors.

FTAI Aviation Price Performance

Shares of FTAI Aviation stock opened at $282.00 on Wednesday. FTAI Aviation Ltd. has a 1 year low of $81.45 and a 1 year high of $310.00. The firm has a market cap of $28.92 billion, a price-to-earnings ratio of 64.38 and a beta of 1.54. The company has a 50-day moving average of $204.66 and a 200 day moving average of $172.49.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings data on Monday, October 27th. The financial services provider reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.09). FTAI Aviation had a return on equity of 370.51% and a net margin of 20.82%.The business had revenue of $667.06 million during the quarter, compared to analysts’ expectations of $662.51 million. During the same quarter last year, the company posted $0.76 EPS. FTAI Aviation’s revenue for the quarter was up 43.2% compared to the same quarter last year. On average, equities analysts anticipate that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

Insider Activity at FTAI Aviation

In related news, COO David Moreno purchased 4,354 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The shares were bought at an average price of $153.89 per share, for a total transaction of $670,037.06. Following the purchase, the chief operating officer directly owned 4,354 shares of the company’s stock, valued at approximately $670,037.06. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on FTAI shares. Wall Street Zen cut shares of FTAI Aviation from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Royal Bank Of Canada lifted their target price on shares of FTAI Aviation from $270.00 to $350.00 and gave the company an “outperform” rating in a research note on Monday. Jones Trading initiated coverage on shares of FTAI Aviation in a research report on Friday, October 10th. They set a “buy” rating and a $306.00 price target on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of FTAI Aviation in a research note on Monday, December 29th. Finally, Zacks Research raised FTAI Aviation from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $258.75.

FTAI Aviation 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.