Peregrine Capital Management LLC Decreases Stock Holdings in FTAI Aviation Ltd. $FTAI

Peregrine Capital Management LLC lessened its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI) by 10.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 81,998 shares of the financial services provider’s stock after selling 9,375 shares during the period. Peregrine Capital Management LLC owned about 0.08% of FTAI Aviation worth $13,682,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FTAI. Diversified Trust Co purchased a new position in FTAI Aviation in the 3rd quarter valued at about $2,846,000. Advisors Capital Management LLC raised its holdings in shares of FTAI Aviation by 99.8% during the first quarter. Advisors Capital Management LLC now owns 158,531 shares of the financial services provider’s stock worth $17,602,000 after purchasing an additional 79,190 shares during the period. Maryland State Retirement & Pension System bought a new position in FTAI Aviation in the second quarter worth about $570,000. Harbor Capital Advisors Inc. lifted its holdings in shares of FTAI Aviation by 4.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 154,462 shares of the financial services provider’s stock worth $17,769,000 after purchasing an additional 6,709 shares during the last quarter. Finally, Red Door Wealth Management LLC acquired a new position in FTAI Aviation during the 3rd quarter valued at approximately $1,471,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

Analyst Ratings Changes

FTAI has been the subject of several recent research reports. Zacks Research lowered shares of FTAI Aviation from a “hold” rating to a “strong sell” rating in a research report on Thursday, December 11th. Morgan Stanley increased their price objective on FTAI Aviation from $220.00 to $266.00 and gave the stock an “overweight” rating in a report on Tuesday. Barclays upped their target price on FTAI Aviation from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Wolfe Research reissued an “outperform” rating and set a $225.00 target price on shares of FTAI Aviation in a research note on Wednesday, December 31st. Finally, Jones Trading started coverage on shares of FTAI Aviation in a research note on Friday, October 10th. They set a “buy” rating and a $306.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $219.38.

FTAI Aviation Price Performance

Shares of FTAI opened at $238.80 on Friday. The company has a market capitalization of $24.49 billion, a price-to-earnings ratio of 54.52 and a beta of 1.54. The business’s 50-day moving average is $175.66 and its 200-day moving average is $157.76. FTAI Aviation Ltd. has a fifty-two week low of $75.06 and a fifty-two week high of $250.70.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings data on Monday, October 27th. The financial services provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.09). FTAI Aviation had a net margin of 20.82% and a return on equity of 370.51%. The company had revenue of $667.06 million during the quarter, compared to analyst estimates of $662.51 million. During the same quarter in the prior year, the company posted $0.76 EPS. The firm’s quarterly revenue was up 43.2% compared to the same quarter last year. Equities research analysts expect that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Monday, November 10th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.40 dividend on an annualized basis and a yield of 0.6%. FTAI Aviation’s dividend payout ratio (DPR) is presently 31.96%.

Insiders Place Their Bets

In other news, COO David Moreno bought 4,354 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were bought at an average cost of $153.89 per share, with a total value of $670,037.06. Following the transaction, the chief operating officer directly owned 4,354 shares in the company, valued at approximately $670,037.06. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is currently owned by insiders.

FTAI Aviation 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.