61,565 Shares of FTAI Aviation Ltd. $FTAI Purchased by Community Trust & Investment Co.

Community Trust & Investment Co. purchased a new position in FTAI Aviation Ltd. (NASDAQ:FTAI) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 61,565 shares of the financial services provider’s stock, valued at approximately $10,283,000.

Several other hedge funds and other institutional investors have also made changes to their positions in FTAI. Root Financial Partners LLC grew its holdings in shares of FTAI Aviation by 40.9% in the first quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 45 shares during the last quarter. SJS Investment Consulting Inc. raised its stake in FTAI Aviation by 122.9% in the first quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after buying an additional 59 shares during the last quarter. Compound Planning Inc. boosted its stake in FTAI Aviation by 2.7% in the 1st quarter. Compound Planning Inc. now owns 2,287 shares of the financial services provider’s stock worth $560,000 after purchasing an additional 60 shares in the last quarter. Meeder Asset Management Inc. grew its position in FTAI Aviation by 142.2% during the 1st quarter. Meeder Asset Management Inc. now owns 109 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 64 shares during the last quarter. Finally, Abel Hall LLC raised its holdings in shares of FTAI Aviation by 6.2% in the first quarter. Abel Hall LLC now owns 1,362 shares of the financial services provider’s stock worth $334,000 after buying an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Insider Activity

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

Analyst Ratings Changes

A number of research firms recently commented on FTAI. Citizens Jmp started coverage on FTAI Aviation in a report on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 target price for the company. Jefferies Financial Group reissued a “buy” rating and issued a $325.00 price objective on shares of FTAI Aviation in a report on Sunday, August 2nd. Barclays cut their price target on shares of FTAI Aviation from $350.00 to $310.00 and set an “overweight” rating for the company in a report on Tuesday, September 15th. Morgan Stanley raised their price objective on FTAI Aviation from $319.00 to $360.00 and gave the company an “overweight” rating in a report on Friday, August 21st. Finally, Deutsche Bank Aktiengesellschaft set a $290.00 target price on FTAI Aviation in a report on Friday, July 31st. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $316.88.

FTAI Aviation Stock Up 3.3%

FTAI stock opened at $168.56 on Friday. FTAI Aviation Ltd. has a fifty-two week low of $149.50 and a fifty-two week high of $323.51. The company’s 50 day moving average price is $189.63 and its 200 day moving average price is $223.70. The firm has a market capitalization of $17.31 billion, a price-to-earnings ratio of 36.64, a PEG ratio of 0.81 and a beta of 1.51. The company has a debt-to-equity ratio of 8.55, a quick ratio of 2.07 and a current ratio of 5.28.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.19). FTAI Aviation had a return on equity of 139.59% and a net margin of 15.94%. The business had revenue of $953.09 million for the quarter. During the same period last year, the business earned $1.57 earnings per share. FTAI Aviation’s revenue was up 40.9% compared to the same quarter last year. On average, equities research analysts anticipate that FTAI Aviation Ltd. will post 5.48 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

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

About FTAI Aviation

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.