MASTERINVEST Kapitalanlage GmbH purchased a new position in FTAI Aviation Ltd. (NASDAQ:FTAI – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,933 shares of the financial services provider’s stock, valued at approximately $964,000.
A number of other institutional investors have also added to or reduced their stakes in FTAI. SJS Investment Consulting Inc. boosted its holdings in shares of FTAI Aviation by 122.9% during the 1st 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 in the last quarter. Garton & Associates Financial Advisors LLC bought a new position in shares of FTAI Aviation in the 4th quarter worth about $30,000. Root Financial Partners LLC increased its stake in shares of FTAI Aviation by 40.9% in the 1st quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 45 shares in the last quarter. Greenline Wealth Management LLC purchased a new position in FTAI Aviation during the 4th quarter valued at about $50,000. Finally, First Horizon Corp lifted its position in FTAI Aviation by 131.9% during the 4th quarter. First Horizon Corp now owns 320 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 182 shares during the period. Institutional investors own 88.96% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on FTAI shares. Citizens Jmp boosted their price objective on shares of FTAI Aviation from $325.00 to $375.00 and gave the stock a “market outperform” rating in a research note on Wednesday. Zacks Research downgraded shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Morgan Stanley reiterated an “overweight” rating and set a $319.00 target price on shares of FTAI Aviation in a report on Friday, May 8th. Weiss Ratings cut FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 2nd. Finally, Jefferies Financial Group restated a “buy” rating and issued a $400.00 price target on shares of FTAI Aviation in a research note on Sunday, May 3rd. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $333.12.
FTAI Aviation Price Performance
FTAI opened at $213.80 on Thursday. The firm has a market cap of $21.93 billion, a PE ratio of 42.42, a P/E/G ratio of 0.83 and a beta of 1.46. The stock has a 50-day moving average price of $249.63 and a 200-day moving average price of $253.94. FTAI Aviation Ltd. has a 1 year low of $109.90 and a 1 year high of $323.51. The company has a debt-to-equity ratio of 8.00, a current ratio of 5.24 and a quick ratio of 2.48.
FTAI Aviation (NASDAQ:FTAI – Get Free Report) last announced 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). The firm had revenue of $830.70 million for the quarter. FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. The business’s revenue was up 65.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.87 earnings per share. Sell-side analysts predict that FTAI Aviation Ltd. will post 6.77 earnings per share for the current fiscal year.
FTAI Aviation Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Wednesday, May 13th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $1.80 annualized dividend and a dividend yield of 0.8%. FTAI Aviation’s dividend payout ratio (DPR) is 31.75%.
Insider Activity at FTAI Aviation
In related news, Director Martin Tuchman sold 67,500 shares of the business’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 value of $16,334,325.00. Following the completion of the transaction, the director directly owned 210,491 shares in the company, valued at $50,936,717.09. The trade was a 24.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 254,515 shares of company stock valued at $61,599,445 in the last three months. 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.
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