Storgate LLC Invests $534,000 in FTAI Aviation Ltd. $FTAI

Storgate LLC purchased a new position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,712 shares of the financial services provider’s stock, valued at approximately $534,000.

A number of other hedge funds have also recently added to or reduced their stakes in FTAI. MetLife Investment Management LLC increased its holdings in shares of FTAI Aviation by 0.9% in the 4th quarter. MetLife Investment Management LLC now owns 6,578 shares of the financial services provider’s stock valued at $1,295,000 after purchasing an additional 57 shares in the last quarter. Rossby Financial LCC increased its holdings in shares of FTAI Aviation by 13.6% in the 3rd quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 65 shares in the last quarter. Assetmark Inc. increased its holdings in shares of FTAI Aviation by 11.0% in the 3rd quarter. Assetmark Inc. now owns 708 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 70 shares in the last quarter. Diversify Advisory Services LLC increased its holdings in shares of FTAI Aviation by 0.8% in the 4th quarter. Diversify Advisory Services LLC now owns 10,051 shares of the financial services provider’s stock valued at $1,979,000 after purchasing an additional 80 shares in the last quarter. Finally, Orion Porfolio Solutions LLC increased its holdings in shares of FTAI Aviation by 4.7% in the 4th quarter. Orion Porfolio Solutions LLC now owns 2,112 shares of the financial services provider’s stock valued at $416,000 after purchasing an additional 95 shares in the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FTAI. Jefferies Financial Group reiterated a “buy” rating and issued a $400.00 price target on shares of FTAI Aviation in a report on Sunday, May 3rd. Weiss Ratings lowered shares of FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 27th. Barclays boosted their price objective on shares of FTAI Aviation from $260.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Zacks Research lowered shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Finally, BTIG Research boosted their price objective on shares of FTAI Aviation from $335.00 to $340.00 and gave the stock a “buy” rating in a research report on Friday, March 13th. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $326.88.

FTAI Aviation Price Performance

FTAI Aviation stock opened at $241.96 on Friday. FTAI Aviation Ltd. has a 52 week low of $108.47 and a 52 week high of $323.51. The company has a quick ratio of 2.48, a current ratio of 5.24 and a debt-to-equity ratio of 8.00. The firm’s 50-day simple moving average is $248.12 and its 200 day simple moving average is $240.74. The firm has a market capitalization of $24.82 billion, a PE ratio of 48.01, a P/E/G ratio of 0.97 and a beta of 1.47.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.29 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.32). FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The business had revenue of $830.70 million during the quarter. During the same quarter in the previous year, the company earned $0.87 EPS. The firm’s quarterly revenue was up 65.4% on a year-over-year basis. On average, equities research analysts predict that FTAI Aviation Ltd. will post 6.77 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Wednesday, May 13th were given a $0.45 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. FTAI Aviation’s payout ratio is currently 31.75%.

Insider Transactions at FTAI Aviation

In other FTAI Aviation news, Director Martin Tuchman sold 143,584 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $242.44, for a total value of $34,810,504.96. Following the transaction, the director directly owned 236,302 shares in the company, valued at approximately $57,289,056.88. This represents a 37.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Judith A. Hannaway sold 255 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $253.89, for a total transaction of $64,741.95. Following the completion of the transaction, the director owned 3,012 shares in the company, valued at approximately $764,716.68. This trade represents a 7.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 254,515 shares of company stock worth $61,599,445. 1.35% of the stock is owned by insiders.

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.