FTAI Aviation Ltd. $FTAI Shares Newly Bought by Generate Investment Management Ltd

Generate Investment Management Ltd bought a new stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) during the third quarter, Holdings Channel reports. The fund bought 100,000 shares of the financial services provider’s stock, valued at approximately $16,703,000.

Several other large investors have also modified their holdings of the business. State Street Corp lifted its position in shares of FTAI Aviation by 2.5% in the 2nd quarter. State Street Corp now owns 3,083,589 shares of the financial services provider’s stock worth $834,203,000 after purchasing an additional 75,452 shares during the period. Bank of America Corp DE lifted its holdings in FTAI Aviation by 8.2% during the first quarter. Bank of America Corp DE now owns 885,337 shares of the financial services provider’s stock worth $216,908,000 after buying an additional 67,097 shares during the period. Dimensional Fund Advisors LP lifted its holdings in FTAI Aviation by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 631,212 shares of the financial services provider’s stock worth $154,515,000 after buying an additional 15,291 shares during the period. First Trust Advisors LP lifted its holdings in FTAI Aviation by 5.0% during the first quarter. First Trust Advisors LP now owns 383,773 shares of the financial services provider’s stock worth $94,024,000 after buying an additional 18,399 shares during the period. Finally, Fred Alger Management LLC boosted its position in FTAI Aviation by 15.1% during the 4th quarter. Fred Alger Management LLC now owns 376,693 shares of the financial services provider’s stock valued at $74,152,000 after acquiring an additional 49,441 shares in the last quarter. Institutional investors own 88.96% of the company’s stock.

Insiders Place Their Bets

In related news, President David Moreno purchased 2,475 shares of the business’s stock in a transaction on Friday, July 31st. The shares were acquired at an average price of $201.27 per share, for a total transaction of $498,143.25. Following the purchase, the president owned 199,490 shares of the company’s stock, valued at $40,151,352.30. This trade represents a 1.26% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.35% of the company’s stock.

FTAI Aviation Stock Down 1.8%

Shares of FTAI stock traded down $3.08 during trading hours on Wednesday, reaching $163.79. 810,358 shares of the company’s stock were exchanged, compared to its average volume of 1,509,849. FTAI Aviation Ltd. has a 1 year low of $149.50 and a 1 year high of $323.51. The stock has a market cap of $16.82 billion, a PE ratio of 35.61, a PEG ratio of 0.82 and a beta of 1.51. The company has a current ratio of 5.28, a quick ratio of 2.07 and a debt-to-equity ratio of 8.55. The stock’s fifty day moving average price is $191.89 and its two-hundred day moving average price is $224.74.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.19). The company had revenue of $953.09 million for the quarter. FTAI Aviation had a net margin of 15.94% and a return on equity of 139.59%. The firm’s quarterly revenue was up 40.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.57 EPS. Research analysts predict that FTAI Aviation Ltd. will post 5.48 EPS for the current year.

FTAI Aviation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Wednesday, August 12th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, August 12th. FTAI Aviation’s payout ratio is currently 43.48%.

Analyst Ratings Changes

FTAI has been the topic of a number of analyst reports. Weiss Ratings downgraded FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Citizens Jmp assumed coverage on FTAI Aviation in a research note on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 price objective for the company. Royal Bank Of Canada decreased their price objective on FTAI Aviation from $350.00 to $300.00 and set an “outperform” rating for the company in a research note on Monday, July 27th. Jefferies Financial Group reaffirmed a “buy” rating and set a $325.00 price objective on shares of FTAI Aviation in a research report on Sunday, August 2nd. Finally, Barclays cut their target price on FTAI Aviation from $350.00 to $310.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 15th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $316.88.

FTAI Aviation Profile

FTAI Aviation Ltd. is an aviation company focused on owning, leasing, and managing commercial aircraft and aircraft engines. The company provides aviation assets to airlines, aircraft leasing companies, maintenance, repair and overhaul providers, and other participants in the global aviation industry.

FTAI Aviation’s business includes aircraft and engine leasing, asset management, and the acquisition and sale of aviation equipment. Through its aviation products activities, the company also develops and sells proprietary aerospace products designed to improve engine performance, reliability, and maintenance economics, including solutions associated with the CFM56 engine platform.

The company serves customers across international aviation markets and manages assets used by airlines and operators in multiple regions.