Fieldview Capital Management LLC Acquires Shares of 9,852 FTAI Aviation Ltd. $FTAI

Fieldview Capital Management LLC acquired a new stake in FTAI Aviation Ltd. (NASDAQ:FTAI) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 9,852 shares of the financial services provider’s stock, valued at approximately $1,939,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Greenline Wealth Management LLC acquired a new position in shares of FTAI Aviation in the fourth quarter valued at $50,000. First Horizon Corp increased its holdings in shares of FTAI Aviation by 131.9% in the fourth quarter. First Horizon Corp now owns 320 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 182 shares during the last quarter. Covestor Ltd increased its holdings in shares of FTAI Aviation by 338.6% in the fourth quarter. Covestor Ltd now owns 386 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 298 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of FTAI Aviation by 88.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 485 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 227 shares during the last quarter. Finally, Rossby Financial LCC increased its holdings in shares of FTAI Aviation by 13.6% in the third quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 65 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on FTAI shares. Barclays upped their price objective 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. Weiss Ratings downgraded shares of FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 27th. BTIG Research upped their price target on shares of FTAI Aviation from $335.00 to $340.00 and gave the company a “buy” rating in a research note on Friday, March 13th. Morgan Stanley restated an “overweight” rating and issued a $319.00 price target on shares of FTAI Aviation in a research note on Friday, May 8th. Finally, Zacks Research downgraded shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.88.

FTAI Aviation Trading Up 0.3%

FTAI stock opened at $241.96 on Friday. The company has a debt-to-equity ratio of 8.00, a quick ratio of 2.48 and a current ratio of 5.24. The company’s 50-day simple moving average is $248.12 and its 200 day simple moving average is $240.74. FTAI Aviation Ltd. has a 52 week low of $108.47 and a 52 week high of $323.51. The company has a market capitalization of $24.82 billion, a PE ratio of 48.01, a price-to-earnings-growth ratio of 0.97 and a beta of 1.47.

FTAI Aviation (NASDAQ:FTAI) last released 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 business had revenue of $830.70 million during the quarter. FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. The business’s quarterly revenue was up 65.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.87 EPS. As a group, sell-side analysts anticipate that FTAI Aviation Ltd. will post 6.77 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Wednesday, May 13th. FTAI Aviation’s dividend payout ratio is presently 31.75%.

Insider Transactions at FTAI Aviation

In other FTAI Aviation news, Director Martin Tuchman sold 67,500 shares of the stock in a transaction dated 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 sale, the director directly owned 210,491 shares in the company, valued at $50,936,717.09. This represents a 24.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Judith A. Hannaway sold 255 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total transaction of $64,741.95. Following the sale, the director owned 3,012 shares in the company, valued at $764,716.68. The trade was a 7.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 254,515 shares of company stock worth $61,599,445 over the last quarter. Corporate insiders own 1.35% of the company’s stock.

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.