FTAI Aviation Ltd. $FTAI Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC boosted its position in FTAI Aviation Ltd. (NASDAQ:FTAI) by 125.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 20,804 shares of the financial services provider’s stock after acquiring an additional 11,592 shares during the period. SG Americas Securities LLC’s holdings in FTAI Aviation were worth $5,097,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Capital World Investors lifted its stake in shares of FTAI Aviation by 41.1% during the 4th quarter. Capital World Investors now owns 8,916,830 shares of the financial services provider’s stock worth $1,755,290,000 after purchasing an additional 2,596,265 shares during the period. Norges Bank purchased a new stake in shares of FTAI Aviation in the fourth quarter valued at $262,393,000. Northern Right Capital Management L.P. grew its position in shares of FTAI Aviation by 884.1% in the second quarter. Northern Right Capital Management L.P. now owns 885,675 shares of the financial services provider’s stock valued at $101,888,000 after purchasing an additional 795,675 shares during the period. Rubric Capital Management LP increased its stake in FTAI Aviation by 28.3% in the second quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider’s stock valued at $390,455,000 after purchasing an additional 749,080 shares during the last quarter. Finally, Oaktree Capital Management LP acquired a new position in FTAI Aviation in the third quarter valued at $97,642,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Stock Performance

NASDAQ FTAI opened at $263.62 on Tuesday. 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 Ltd. has a 1-year low of $108.47 and a 1-year high of $323.51. The firm has a market capitalization of $27.04 billion, a P/E ratio of 52.31, a P/E/G ratio of 1.05 and a beta of 1.47. The business’s 50-day simple moving average is $251.43 and its 200-day simple moving average is $248.78.

FTAI Aviation (NASDAQ:FTAI) last posted its earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share (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 business had revenue of $830.70 million for the quarter. During the same period in the previous year, the business posted $0.87 earnings per share. The business’s quarterly revenue was up 65.4% on a year-over-year basis. Equities analysts predict that FTAI Aviation Ltd. will post 6.77 EPS for the current year.

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Wednesday, May 13th were paid 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 payout ratio is currently 31.75%.

Insider Buying and Selling at FTAI Aviation

In other news, Director Judith A. Hannaway sold 255 shares of the stock in a transaction 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 completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Martin Tuchman sold 67,500 shares of the firm’s stock in a transaction on 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 transaction, the director directly owned 210,491 shares in the company, valued at approximately $50,936,717.09. This represents a 24.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 254,515 shares of company stock valued at $61,599,445 in the last three months. Company insiders own 1.35% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on FTAI shares. Weiss Ratings lowered FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 27th. Morgan Stanley reaffirmed an “overweight” rating and set a $319.00 price objective on shares of FTAI Aviation in a research note on Friday, May 8th. Zacks Research lowered shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Jefferies Financial Group reissued a “buy” rating and issued a $400.00 target price on shares of FTAI Aviation in a research report on Sunday, May 3rd. Finally, BTIG Research raised their target price on shares of FTAI Aviation from $335.00 to $340.00 and gave the stock a “buy” rating in a research report on Friday, March 13th. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, FTAI Aviation has an average rating of “Moderate Buy” and a consensus target price of $326.88.

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.