Weybosset Research & Management LLC Has $25.12 Million Stock Holdings in FTAI Aviation Ltd. $FTAI

Weybosset Research & Management LLC reduced its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI) by 2.4% during the 4th quarter, HoldingsChannel reports. The firm owned 127,617 shares of the financial services provider’s stock after selling 3,192 shares during the quarter. FTAI Aviation comprises about 7.7% of Weybosset Research & Management LLC’s investment portfolio, making the stock its biggest position. Weybosset Research & Management LLC’s holdings in FTAI Aviation were worth $25,121,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. GAMMA Investing LLC boosted its stake in FTAI Aviation by 41.0% during the 4th quarter. GAMMA Investing LLC now owns 740 shares of the financial services provider’s stock valued at $146,000 after purchasing an additional 215 shares during the period. CTC Alternative Strategies Ltd. bought a new position in FTAI Aviation in the 3rd quarter worth approximately $264,000. Allworth Financial LP lifted its holdings in shares of FTAI Aviation by 7.6% during the third quarter. Allworth Financial LP now owns 1,504 shares of the financial services provider’s stock worth $251,000 after buying an additional 106 shares during the last quarter. Swiss Life Asset Management Ltd boosted its position in shares of FTAI Aviation by 75.9% in the third quarter. Swiss Life Asset Management Ltd now owns 4,673 shares of the financial services provider’s stock valued at $780,000 after acquiring an additional 2,017 shares during the period. Finally, CIBC Bancorp USA Inc. bought a new stake in shares of FTAI Aviation in the third quarter valued at approximately $7,816,000. 88.96% of the stock is currently owned by institutional investors.

FTAI Aviation Trading Down 0.1%

FTAI stock opened at $240.14 on Friday. FTAI Aviation Ltd. has a 1-year low of $81.45 and a 1-year high of $323.51. The company has a current ratio of 5.28, a quick ratio of 2.30 and a debt-to-equity ratio of 10.32. The business’s 50 day moving average is $272.67 and its 200-day moving average is $207.81. The firm has a market cap of $24.63 billion, a P/E ratio of 51.98, a P/E/G ratio of 0.97 and a beta of 1.50.

FTAI Aviation (NASDAQ:FTAI) last posted its earnings results on Wednesday, February 25th. The financial services provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.14). The company had revenue of $662.03 million for the quarter, compared to the consensus estimate of $710.37 million. FTAI Aviation had a return on equity of 257.07% and a net margin of 19.98%.FTAI Aviation’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.84 EPS. Equities analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Friday, March 13th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.7%. FTAI Aviation’s dividend payout ratio (DPR) is presently 34.63%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on FTAI shares. Citigroup reaffirmed an “outperform” rating on shares of FTAI Aviation in a research report on Thursday, January 29th. Barclays increased their price target on shares of FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, February 27th. BTIG Research boosted their price objective on shares of FTAI Aviation from $335.00 to $340.00 and gave the stock a “buy” rating in a report on Friday, March 13th. Jefferies Financial Group reaffirmed a “buy” rating and set a $350.00 price objective on shares of FTAI Aviation in a research report on Monday, February 9th. Finally, Zacks Research upgraded shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Eleven 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $292.78.

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.