FTAI Aviation Ltd. $FTAI Holdings Reduced by Verde Servicos Internacionais S.A.

Verde Servicos Internacionais S.A. reduced its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 35.8% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 55,684 shares of the financial services provider’s stock after selling 31,079 shares during the period. FTAI Aviation makes up approximately 4.2% of Verde Servicos Internacionais S.A.’s portfolio, making the stock its 6th biggest holding. Verde Servicos Internacionais S.A.’s holdings in FTAI Aviation were worth $13,643,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of FTAI. AQR Capital Management LLC acquired a new stake in FTAI Aviation during the first quarter worth about $242,000. Cetera Investment Advisers lifted its holdings in FTAI Aviation by 73.3% in the second quarter. Cetera Investment Advisers now owns 5,597 shares of the financial services provider’s stock valued at $644,000 after acquiring an additional 2,368 shares during the period. Invesco Ltd. boosted its position in FTAI Aviation by 23.8% in the 2nd quarter. Invesco Ltd. now owns 417,375 shares of the financial services provider’s stock worth $48,015,000 after purchasing an additional 80,341 shares in the last quarter. Amundi boosted its position in FTAI Aviation by 16,560.0% in the 2nd quarter. Amundi now owns 2,499 shares of the financial services provider’s stock worth $283,000 after purchasing an additional 2,484 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of FTAI Aviation during the 2nd quarter worth approximately $2,736,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Down 3.7%

Shares of FTAI opened at $262.09 on Wednesday. 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 stock has a fifty day simple moving average of $251.24 and a two-hundred day simple moving average of $246.30. The company has a market capitalization of $26.89 billion, a PE ratio of 52.00, a price-to-earnings-growth ratio of 1.10 and a beta of 1.47.

FTAI Aviation (NASDAQ:FTAI) last posted its earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share 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 firm had revenue of $830.70 million during the quarter. During the same quarter last year, the firm earned $0.87 EPS. FTAI Aviation’s revenue was up 65.4% compared to the same quarter last year. As a group, equities analysts forecast that FTAI Aviation Ltd. will post 6.77 EPS for the current year.

FTAI Aviation Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. BTIG Research lifted their target price on shares of FTAI Aviation from $335.00 to $340.00 and gave the company a “buy” rating in a report on Friday, March 13th. Zacks Research downgraded shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Morgan Stanley restated an “overweight” rating and set a $319.00 target price on shares of FTAI Aviation in a research report on Friday, May 8th. Barclays upped 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. Finally, Weiss Ratings downgraded shares of FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 27th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $326.88.

Insiders Place Their Bets

In related news, Director Judith A. Hannaway sold 255 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total transaction of $64,741.95. Following the completion of the transaction, the director directly owned 3,012 shares in the company, valued at $764,716.68. This trade represents a 7.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Martin Tuchman sold 67,500 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $241.99, for a total transaction of $16,334,325.00. Following the completion of the transaction, the director directly owned 210,491 shares of the company’s stock, valued at approximately $50,936,717.09. The trade was a 24.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 254,515 shares of company stock valued at $61,599,445 over the last ninety days. Insiders own 1.35% of the company’s stock.

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.