RFG Advisory LLC Acquires New Position in FTAI Aviation Ltd. $FTAI

RFG Advisory LLC bought a new position in FTAI Aviation Ltd. (NASDAQ:FTAI) in the first quarter, according to its most recent filing with the SEC. The firm bought 2,412 shares of the financial services provider’s stock, valued at approximately $591,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital International Investors lifted its holdings in shares of FTAI Aviation by 0.7% during the third quarter. Capital International Investors now owns 13,895,852 shares of the financial services provider’s stock worth $2,318,615,000 after purchasing an additional 94,383 shares during the period. Capital World Investors boosted its holdings in FTAI Aviation by 41.1% during the fourth quarter. Capital World Investors now owns 8,916,830 shares of the financial services provider’s stock worth $1,755,290,000 after buying an additional 2,596,265 shares in the last quarter. Rubric Capital Management LP grew its position in shares of FTAI Aviation by 10.1% during the 4th quarter. Rubric Capital Management LP now owns 3,700,000 shares of the financial services provider’s stock valued at $728,345,000 after acquiring an additional 339,447 shares during the period. Westfield Capital Management Co. LP grew its holdings in FTAI Aviation by 10.3% in the fourth quarter. Westfield Capital Management Co. LP now owns 2,350,625 shares of the financial services provider’s stock valued at $462,721,000 after purchasing an additional 220,384 shares during the period. Finally, Geode Capital Management LLC grew its stake in FTAI Aviation by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 2,004,963 shares of the financial services provider’s stock valued at $394,757,000 after acquiring an additional 71,271 shares during the period. Institutional investors and hedge funds own 88.96% of the company’s stock.

Analysts Set New Price Targets

FTAI has been the topic of a number of research reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $319.00 price target on shares of FTAI Aviation in a research note on Friday, May 8th. Weiss Ratings cut FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 27th. Jefferies Financial Group restated a “buy” rating and issued a $400.00 target price on shares of FTAI Aviation in a research report on Sunday, May 3rd. BTIG Research lifted their price target 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, Zacks Research cut FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, FTAI Aviation has a consensus rating of “Moderate Buy” and an average price target of $326.88.

Insider Transactions at FTAI Aviation

In other news, Director Martin Tuchman sold 143,584 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $242.44, for a total value of $34,810,504.96. Following the completion of the sale, the director owned 236,302 shares of the company’s stock, valued at $57,289,056.88. This represents a 37.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Judith A. Hannaway sold 255 shares of the firm’s stock in a transaction that occurred 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 sale, the director owned 3,012 shares of the company’s stock, valued at $764,716.68. This represents a 7.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 254,515 shares of company stock worth $61,599,445 over the last ninety days. 1.35% of the stock is owned by insiders.

FTAI Aviation Stock Up 1.4%

Shares of NASDAQ:FTAI opened at $263.62 on Tuesday. FTAI Aviation Ltd. has a 52-week low of $108.47 and a 52-week high of $323.51. The stock has a market cap of $27.04 billion, a P/E ratio of 52.31, a PEG ratio of 1.05 and a beta of 1.47. The business has a fifty day moving average of $251.43 and a two-hundred day moving average of $248.78. The company has a quick ratio of 2.48, a current ratio of 5.24 and a debt-to-equity ratio of 8.00.

FTAI Aviation (NASDAQ:FTAI) last posted 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 return on equity of 181.43% and a net margin of 18.92%.The company had revenue of $830.70 million for the quarter. During the same quarter in the previous year, the company posted $0.87 EPS. The firm’s revenue for the quarter was up 65.4% on a year-over-year basis. On average, research analysts expect that FTAI Aviation Ltd. will post 6.77 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The company also recently disclosed 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. This represents a $1.80 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, May 13th. FTAI Aviation’s dividend payout ratio (DPR) is presently 31.75%.

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.