Diversified Trust Co Cuts Stock Holdings in FTAI Aviation Ltd. $FTAI

Diversified Trust Co trimmed its stake in FTAI Aviation Ltd. (NASDAQ:FTAI) by 9.2% during the 1st quarter, Holdings Channel reports. The firm owned 20,407 shares of the financial services provider’s stock after selling 2,066 shares during the quarter. Diversified Trust Co’s holdings in FTAI Aviation were worth $5,000,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Garton & Associates Financial Advisors LLC purchased a new stake in FTAI Aviation in the fourth quarter valued at approximately $30,000. Greenline Wealth Management LLC purchased a new position in FTAI Aviation in the 4th quarter worth approximately $50,000. First Horizon Corp grew its stake in FTAI Aviation by 131.9% in the 4th quarter. First Horizon Corp now owns 320 shares of the financial services provider’s stock worth $63,000 after buying an additional 182 shares in the last quarter. Covestor Ltd grew its stake in FTAI Aviation by 338.6% in the 4th quarter. Covestor Ltd now owns 386 shares of the financial services provider’s stock worth $76,000 after buying an additional 298 shares in the last quarter. Finally, Rossby Financial LCC increased its holdings in shares of FTAI Aviation by 13.6% in the 3rd quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock worth $94,000 after buying an additional 65 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FTAI has been the topic of several research reports. BTIG Research raised their price objective on shares of FTAI Aviation from $335.00 to $340.00 and gave the company a “buy” rating in a research report on Friday, March 13th. Zacks Research lowered shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Weiss Ratings lowered shares of FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 27th. Barclays increased their target price on FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Finally, Morgan Stanley restated an “overweight” rating and set a $319.00 price target on shares of FTAI Aviation in a research report on Friday, May 8th. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, FTAI Aviation presently has a consensus rating of “Moderate Buy” and an average target price of $326.88.

FTAI Aviation Price Performance

FTAI opened at $276.11 on Friday. FTAI Aviation Ltd. has a 12 month low of $108.47 and a 12 month high of $323.51. The company has a current ratio of 5.24, a quick ratio of 2.48 and a debt-to-equity ratio of 8.00. The business’s 50-day moving average price is $250.69 and its 200-day moving average price is $244.39. The company has a market cap of $28.32 billion, a P/E ratio of 54.78, a P/E/G ratio of 1.11 and a beta of 1.47.

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

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Wednesday, May 13th were given a $0.45 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $1.80 annualized dividend and a yield of 0.7%. FTAI Aviation’s payout ratio is presently 31.75%.

Insider Activity at FTAI Aviation

In other news, Director Martin Tuchman sold 67,500 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was 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 approximately $50,936,717.09. This represents a 24.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Judith A. Hannaway sold 255 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $253.89, for a total value of $64,741.95. Following the sale, the director directly owned 3,012 shares of the company’s stock, valued at approximately $764,716.68. This trade represents a 7.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 254,515 shares of company stock valued at $61,599,445 in the last quarter. Corporate insiders own 1.35% of the company’s stock.

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.