FTAI Aviation Ltd. $FTAI Shares Sold by Bar Harbor Wealth Management

Bar Harbor Wealth Management lowered its position in FTAI Aviation Ltd. (NASDAQ:FTAI) by 31.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,279 shares of the financial services provider’s stock after selling 19,644 shares during the period. Bar Harbor Wealth Management’s holdings in FTAI Aviation were worth $10,358,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of FTAI. The Manufacturers Life Insurance Company raised its position in FTAI Aviation by 1.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 4,454 shares of the financial services provider’s stock worth $877,000 after buying an additional 52 shares during the last quarter. MetLife Investment Management LLC boosted 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 acquiring an additional 57 shares during the last quarter. Assetmark Inc. increased its stake in shares of FTAI Aviation by 11.0% in the third quarter. Assetmark Inc. now owns 708 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 70 shares during the period. Diversify Advisory Services LLC increased its stake in shares of FTAI Aviation by 0.8% in the fourth quarter. Diversify Advisory Services LLC now owns 10,051 shares of the financial services provider’s stock worth $1,979,000 after acquiring an additional 80 shares during the period. Finally, Orion Porfolio Solutions LLC raised its holdings in shares of FTAI Aviation by 4.7% during the fourth quarter. Orion Porfolio Solutions LLC now owns 2,112 shares of the financial services provider’s stock worth $416,000 after purchasing an additional 95 shares during the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Jefferies Financial Group restated a “buy” rating and set a $400.00 target price on shares of FTAI Aviation in a research report on Sunday, May 3rd. Barclays increased their price target on FTAI Aviation from $260.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Morgan Stanley reissued an “overweight” rating and issued a $319.00 price objective on shares of FTAI Aviation in a report on Friday, May 8th. BTIG Research upped their target price on FTAI Aviation from $335.00 to $340.00 and gave the stock a “buy” rating in a research note on Friday, March 13th. Finally, Weiss Ratings lowered FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 27th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $326.88.

Insider Transactions at FTAI Aviation

In other 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 sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Martin Tuchman sold 67,500 shares of FTAI Aviation stock in a transaction dated 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 owned 210,491 shares of the company’s stock, valued at approximately $50,936,717.09. This represents a 24.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 254,515 shares of company stock worth $61,599,445 over the last 90 days. Insiders own 1.35% of the company’s stock.

FTAI Aviation Stock Performance

FTAI opened at $262.09 on Wednesday. The firm has a fifty day moving average price of $251.24 and a 200 day moving average price of $246.30. FTAI Aviation Ltd. has a 1 year low of $108.47 and a 1 year high of $323.51. The stock has a market cap of $26.89 billion, a P/E ratio of 52.00, a P/E/G ratio of 1.10 and a beta of 1.47. 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) last released its quarterly earnings results 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 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 quarter in the previous year, the company posted $0.87 EPS. The business’s revenue for the quarter was up 65.4% compared to the same quarter last year. Equities research 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 announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Wednesday, May 13th were paid 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 of this dividend was Wednesday, May 13th. FTAI Aviation’s dividend payout ratio is presently 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.