Trek Financial LLC Invests $3.94 Million in FTAI Aviation Ltd. $FTAI

Trek Financial LLC bought a new position in FTAI Aviation Ltd. (NASDAQ:FTAI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 19,997 shares of the financial services provider’s stock, valued at approximately $3,936,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Swiss Life Asset Management Ltd lifted its holdings in FTAI Aviation by 7.7% during the 4th quarter. Swiss Life Asset Management Ltd now owns 5,031 shares of the financial services provider’s stock worth $990,000 after buying an additional 358 shares in the last quarter. F m Investments LLC acquired a new position in FTAI Aviation during the 4th quarter worth $543,000. Crossmark Global Holdings Inc. acquired a new position in FTAI Aviation during the 4th quarter worth $247,000. International Assets Investment Management LLC acquired a new position in FTAI Aviation during the 4th quarter worth $306,000. Finally, Sequoia Financial Advisors LLC lifted its holdings in FTAI Aviation by 8.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 22,090 shares of the financial services provider’s stock worth $4,348,000 after buying an additional 1,763 shares in the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Price Performance

FTAI opened at $280.36 on Tuesday. The company has a quick ratio of 2.48, a current ratio of 5.24 and a debt-to-equity ratio of 8.00. FTAI Aviation Ltd. has a 12 month low of $108.47 and a 12 month high of $323.51. The company has a fifty day simple moving average of $251.94 and a 200 day simple moving average of $227.81. The stock has a market cap of $28.76 billion, a P/E ratio of 55.63, a P/E/G ratio of 1.09 and a beta of 1.49.

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

FTAI Aviation Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, May 26th. Investors of record on Wednesday, May 13th will be given a $0.45 dividend. The ex-dividend date is Wednesday, May 13th. FTAI Aviation’s dividend payout ratio is currently 31.75%.

Insider Activity at FTAI Aviation

In related news, Director Martin Tuchman sold 67,500 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $241.99, for a total value of $16,334,325.00. Following the completion of the sale, the director owned 210,491 shares in the company, valued at $50,936,717.09. This represents a 24.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have sold 254,260 shares of company stock valued at $61,534,703. 1.35% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on FTAI. Citizens Jmp upped their price objective on FTAI Aviation from $230.00 to $325.00 and gave the stock a “market outperform” rating in a report on Thursday, January 29th. Barclays upped their price objective on FTAI Aviation from $260.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Royal Bank Of Canada upped their price objective on FTAI Aviation from $270.00 to $350.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Morgan Stanley reaffirmed an “overweight” rating and set a $319.00 price objective on shares of FTAI Aviation in a report on Friday. Finally, BTIG Research upped their price objective on FTAI Aviation from $335.00 to $340.00 and gave the stock a “buy” rating in a report on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, FTAI Aviation has a consensus rating of “Buy” and an average price target of $326.88.

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.