FTAI Aviation Ltd. $FTAI Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC reduced its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 8.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,094 shares of the financial services provider’s stock after selling 2,190 shares during the period. HighTower Advisors LLC’s holdings in FTAI Aviation were worth $4,743,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Capital International Investors raised its position in shares of FTAI Aviation by 0.7% during the 3rd quarter. Capital International Investors now owns 13,895,852 shares of the financial services provider’s stock valued at $2,318,615,000 after acquiring an additional 94,383 shares in the last quarter. Capital World Investors raised its position in shares of FTAI Aviation by 17.3% during the 3rd quarter. Capital World Investors now owns 6,320,565 shares of the financial services provider’s stock valued at $1,054,649,000 after acquiring an additional 933,944 shares in the last quarter. Rubric Capital Management LP raised its position in shares of FTAI Aviation by 28.3% during the 2nd quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider’s stock valued at $390,455,000 after acquiring an additional 749,080 shares in the last quarter. Westfield Capital Management Co. LP raised its position in shares of FTAI Aviation by 11.2% during the 3rd quarter. Westfield Capital Management Co. LP now owns 2,130,241 shares of the financial services provider’s stock valued at $355,452,000 after acquiring an additional 214,830 shares in the last quarter. Finally, Northern Right Capital Management L.P. raised its position in shares of FTAI Aviation by 884.1% during the 2nd quarter. Northern Right Capital Management L.P. now owns 885,675 shares of the financial services provider’s stock valued at $101,888,000 after acquiring an additional 795,675 shares in the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Martin Tuchman sold 143,584 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $242.44, for a total transaction of $34,810,504.96. Following the completion of the transaction, the director owned 236,302 shares of the company’s stock, valued at approximately $57,289,056.88. The trade was a 37.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 254,260 shares of company stock worth $61,534,703 over the last three months. Insiders own 1.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Morgan Stanley reissued an “overweight” rating and set a $319.00 price target on shares of FTAI Aviation in a research report on Friday, May 8th. Weiss Ratings raised FTAI Aviation from a “hold (c+)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. Citigroup reissued an “outperform” rating on shares of FTAI Aviation in a research report on Thursday, January 29th. Citizens Jmp upped their price objective on FTAI Aviation from $230.00 to $325.00 and gave the stock a “market outperform” rating in a research note on Thursday, January 29th. Finally, Jefferies Financial Group restated a “buy” rating and set a $400.00 price objective on shares of FTAI Aviation in a research note on Sunday, May 3rd. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, FTAI Aviation has a consensus rating of “Moderate Buy” and an average target price of $326.88.

FTAI Aviation Stock Performance

Shares of FTAI opened at $262.78 on Friday. FTAI Aviation Ltd. has a 1 year low of $108.47 and a 1 year high of $323.51. The company has a market cap of $26.96 billion, a price-to-earnings ratio of 52.14, a price-to-earnings-growth ratio of 1.01 and a beta of 1.49. The company has a debt-to-equity ratio of 8.00, a quick ratio of 2.48 and a current ratio of 5.24. The firm has a fifty day moving average of $247.93 and a 200-day moving average of $234.81.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share (EPS) 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 for the quarter. During the same period last year, the business posted $0.87 earnings per share. The business’s revenue for the quarter was up 65.4% on a year-over-year basis. As a group, equities analysts anticipate that FTAI Aviation Ltd. will post 6.77 earnings per share 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 issued 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 0.7%. FTAI Aviation’s payout ratio is 31.75%.

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.