8,865 Shares in FTAI Aviation Ltd. $FTAI Acquired by ABN Amro Investment Solutions

ABN Amro Investment Solutions purchased a new stake in FTAI Aviation Ltd. (NASDAQ:FTAI) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 8,865 shares of the financial services provider’s stock, valued at approximately $2,172,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SJS Investment Consulting Inc. boosted its position in FTAI Aviation by 122.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after buying an additional 59 shares during the period. Meeder Asset Management Inc. grew its stake in FTAI Aviation by 142.2% in the first quarter. Meeder Asset Management Inc. now owns 109 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 64 shares during the period. Garton & Associates Financial Advisors LLC acquired a new position in shares of FTAI Aviation during the fourth quarter valued at about $30,000. Root Financial Partners LLC lifted its position in shares of FTAI Aviation by 40.9% during the first quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 45 shares in the last quarter. Finally, Greenline Wealth Management LLC bought a new stake in FTAI Aviation during the fourth quarter worth $50,000. Institutional investors own 88.96% of the company’s stock.

FTAI Aviation Price Performance

Shares of FTAI opened at $215.98 on Friday. The stock has a market capitalization of $22.16 billion, a PE ratio of 42.85, a PEG ratio of 0.87 and a beta of 1.46. The company has a 50 day moving average price of $242.09 and a 200-day moving average price of $254.46. FTAI Aviation Ltd. has a fifty-two week low of $110.76 and a fifty-two week high of $323.51. The company has a debt-to-equity ratio of 8.00, a quick ratio of 2.48 and a current ratio of 5.24.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.32). FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The firm had revenue of $830.70 million for the quarter. During the same period in the prior year, the company posted $0.87 earnings per share. The business’s revenue for the quarter was up 65.4% compared to the same quarter last year. Equities analysts predict that FTAI Aviation Ltd. will post 6.77 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The business 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. This represents a $1.80 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Wednesday, May 13th. FTAI Aviation’s payout ratio is currently 31.75%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FTAI. Jefferies Financial Group reiterated a “buy” rating and set a $400.00 target price on shares of FTAI Aviation in a research report on Sunday, May 3rd. Morgan Stanley reiterated an “overweight” rating and issued a $319.00 price objective on shares of FTAI Aviation in a research report on Friday, May 8th. Weiss Ratings upgraded FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. BTIG Research lifted their target price on shares of FTAI Aviation from $340.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Zacks Research cut shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, FTAI Aviation currently has a consensus rating of “Moderate Buy” and an average target price of $340.62.

Insider Activity

In other news, Director Judith A. Hannaway sold 255 shares of the stock in a transaction on 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 approximately $764,716.68. This represents a 7.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Martin Tuchman sold 143,584 shares of the stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $242.44, for a total transaction of $34,810,504.96. Following the sale, the director directly owned 236,302 shares in the company, valued at $57,289,056.88. This represents a 37.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 254,515 shares of company stock worth $61,599,445 over the last quarter. 1.35% of the stock is currently owned by company insiders.

FTAI Aviation Company 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.