T3 Companies LLC Invests $747,000 in FTAI Aviation Ltd. $FTAI

T3 Companies LLC bought a new position in FTAI Aviation Ltd. (NASDAQ:FTAI) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 3,794 shares of the financial services provider’s stock, valued at approximately $747,000. FTAI Aviation comprises about 0.9% of T3 Companies LLC’s holdings, making the stock its 20th largest holding.

Other institutional investors have also recently bought and sold shares of the company. Rossby Financial LCC raised its stake in FTAI Aviation by 13.6% during the third quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock worth $94,000 after purchasing an additional 65 shares during the period. Assetmark Inc. grew its stake in shares of FTAI Aviation by 11.0% during the 3rd quarter. Assetmark Inc. now owns 708 shares of the financial services provider’s stock valued at $118,000 after buying an additional 70 shares during the period. Diversify Advisory Services LLC increased its holdings in shares of FTAI Aviation by 0.8% during the 4th quarter. Diversify Advisory Services LLC now owns 10,051 shares of the financial services provider’s stock worth $1,979,000 after buying an additional 80 shares during the last quarter. Allworth Financial LP increased its holdings in shares of FTAI Aviation by 7.6% during the 3rd quarter. Allworth Financial LP now owns 1,504 shares of the financial services provider’s stock worth $251,000 after buying an additional 106 shares during the last quarter. Finally, SLT Holdings LLC raised its position in shares of FTAI Aviation by 6.7% in the 4th quarter. SLT Holdings LLC now owns 2,375 shares of the financial services provider’s stock worth $468,000 after buying an additional 150 shares during the period. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Martin Tuchman sold 143,584 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $242.44, for a total value of $34,810,504.96. Following the completion of the sale, the director directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 sale, the director owned 3,012 shares in the company, valued at $764,716.68. The trade was a 7.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 254,515 shares of company stock worth $61,599,445 in the last ninety days. Corporate insiders own 1.35% of the company’s stock.

FTAI Aviation Stock Down 3.4%

FTAI stock opened at $225.76 on Thursday. FTAI Aviation Ltd. has a twelve month low of $108.47 and a twelve month high of $323.51. 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 $23.16 billion, a P/E ratio of 44.79, a PEG ratio of 0.94 and a beta of 1.47. The firm has a 50 day simple moving average of $248.35 and a 200-day simple moving average of $240.15.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly 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). FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. The company had revenue of $830.70 million during the quarter. During the same quarter in the previous year, the company earned $0.87 earnings per share. FTAI Aviation’s quarterly revenue was up 65.4% compared to the same quarter last year. On average, equities research analysts predict that FTAI Aviation Ltd. will post 6.77 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

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

Analyst Upgrades and Downgrades

FTAI has been the topic of a number of research analyst reports. Morgan Stanley reiterated an “overweight” rating and issued a $319.00 target price on shares of FTAI Aviation in a report on Friday, May 8th. Jefferies Financial Group restated a “buy” rating and issued a $400.00 price objective on shares of FTAI Aviation in a report on Sunday, May 3rd. BTIG Research lifted their price objective on FTAI Aviation from $335.00 to $340.00 and gave the company a “buy” rating in a research note on Friday, March 13th. Barclays boosted their target price on FTAI Aviation from $260.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Finally, Zacks Research downgraded shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $326.88.

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.