Mediolanum International Funds Ltd Takes Position in FTAI Aviation Ltd. $FTAI

Mediolanum International Funds Ltd acquired a new stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,738 shares of the financial services provider’s stock, valued at approximately $1,313,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FTAI. SJS Investment Consulting Inc. boosted its stake in shares of 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 purchasing an additional 59 shares during the last quarter. Garton & Associates Financial Advisors LLC purchased a new stake in shares of FTAI Aviation during the fourth quarter worth about $30,000. Root Financial Partners LLC raised its position in shares of FTAI Aviation by 40.9% in the first quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock valued at $38,000 after buying an additional 45 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of FTAI Aviation in the first quarter valued at approximately $51,000. Finally, Greenline Wealth Management LLC purchased a new position in shares of FTAI Aviation during the fourth quarter valued at approximately $50,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Analyst Ratings Changes

FTAI has been the topic of a number of analyst reports. Citizens Jmp started coverage on shares of FTAI Aviation in a research report on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 target price on the stock. Zacks Research lowered FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Morgan Stanley restated an “overweight” rating and set a $319.00 price objective on shares of FTAI Aviation in a report on Friday, May 8th. Weiss Ratings raised FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $400.00 target price on shares of FTAI Aviation in a research note on Sunday, May 3rd. Ten research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $333.12.

Insider Buying and Selling at FTAI Aviation

In other news, Director Judith A. Hannaway sold 255 shares of the company’s 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 sale, the director directly owned 3,012 shares in the company, valued at $764,716.68. This represents a 7.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Martin Tuchman sold 67,500 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $241.99, for a total value of $16,334,325.00. Following the completion of the transaction, the director directly owned 210,491 shares in the company, valued at $50,936,717.09. This trade represents a 24.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 254,515 shares of company stock valued at $61,599,445 over the last three months. Corporate insiders own 1.35% of the company’s stock.

FTAI Aviation Price Performance

FTAI opened at $210.25 on Wednesday. FTAI Aviation Ltd. has a 1 year low of $109.90 and a 1 year high of $323.51. The company’s 50 day simple moving average is $244.27 and its 200 day simple moving average is $254.51. The stock has a market capitalization of $21.57 billion, a PE ratio of 41.72, a P/E/G ratio of 0.80 and a beta of 1.46. 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 the consensus estimate of $1.61 by ($0.32). The company had revenue of $830.70 million for the quarter. FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The business’s revenue was up 65.4% compared to the same quarter last year. During the same period last year, the business earned $0.87 earnings per share. As a group, sell-side 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. Stockholders of record on Wednesday, May 13th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. FTAI Aviation’s payout ratio is currently 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.