Verde Servicos Internacionais S.A. Cuts Holdings in FTAI Aviation Ltd. $FTAI

Verde Servicos Internacionais S.A. lowered its stake in FTAI Aviation Ltd. (NASDAQ:FTAI) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,763 shares of the financial services provider’s stock after selling 2,444 shares during the period. FTAI Aviation accounts for approximately 5.5% of Verde Servicos Internacionais S.A.’s holdings, making the stock its 6th biggest holding. Verde Servicos Internacionais S.A. owned 0.08% of FTAI Aviation worth $17,079,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Rossby Financial LCC boosted its holdings in FTAI Aviation by 13.6% in the third quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock valued at $94,000 after acquiring an additional 65 shares in the last quarter. Assetmark Inc. boosted its holdings in FTAI Aviation by 11.0% in the third quarter. Assetmark Inc. now owns 708 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 70 shares in the last quarter. Foundations Investment Advisors LLC boosted its holdings in FTAI Aviation by 3.5% in the third quarter. Foundations Investment Advisors LLC now owns 2,241 shares of the financial services provider’s stock valued at $374,000 after acquiring an additional 76 shares in the last quarter. Diversify Advisory Services LLC boosted its holdings in 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 valued at $1,979,000 after acquiring an additional 80 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in FTAI Aviation by 7.6% in the third quarter. Allworth Financial LP now owns 1,504 shares of the financial services provider’s stock valued at $251,000 after acquiring an additional 106 shares in the last quarter. Institutional investors own 88.96% of the company’s stock.

Insider Activity at FTAI Aviation

In other news, Director Martin Tuchman sold 67,500 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $241.99, for a total transaction of $16,334,325.00. Following the completion of the sale, the director owned 210,491 shares of the company’s stock, valued at $50,936,717.09. This represents a 24.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have sold 254,260 shares of company stock worth $61,534,703. 1.35% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FTAI. Royal Bank Of Canada lifted their price target on shares of FTAI Aviation from $270.00 to $350.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Citigroup restated an “outperform” rating on shares of FTAI Aviation in a report on Thursday, January 29th. Weiss Ratings raised FTAI Aviation from a “hold (c+)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. Citizens Jmp lifted their price target on FTAI Aviation from $230.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Thursday, January 29th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $319.00 price target on shares of FTAI Aviation in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $326.88.

FTAI Aviation Price Performance

NASDAQ FTAI opened at $239.84 on Thursday. FTAI Aviation Ltd. has a 52 week low of $108.47 and a 52 week high of $323.51. The firm has a market capitalization of $24.60 billion, a P/E ratio of 47.59, a PEG ratio of 0.90 and a beta of 1.49. The company has a quick ratio of 2.48, a current ratio of 5.24 and a debt-to-equity ratio of 8.00. The company has a 50-day moving average price of $246.85 and a 200-day moving average price of $231.09.

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 business had revenue of $830.70 million for the quarter. During the same period in the prior year, the firm earned $0.87 earnings per share. The firm’s revenue was up 65.4% on a year-over-year basis. Equities research analysts anticipate that FTAI Aviation Ltd. will post 6.77 earnings per share for the current year.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Wednesday, May 13th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $1.80 annualized dividend and a dividend yield of 0.8%. FTAI Aviation’s dividend payout ratio is presently 31.75%.

About FTAI Aviation

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.