RFG Advisory LLC Buys Shares of 2,412 FTAI Aviation Ltd. $FTAI

RFG Advisory LLC purchased a new stake in FTAI Aviation Ltd. (NASDAQ:FTAI) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,412 shares of the financial services provider’s stock, valued at approximately $591,000.

A number of other hedge funds have also modified their holdings of FTAI. Garton & Associates Financial Advisors LLC purchased a new stake in FTAI Aviation in the 4th quarter valued at about $30,000. Greenline Wealth Management LLC purchased a new position in FTAI Aviation during the fourth quarter worth about $50,000. First Horizon Corp increased its position in shares of FTAI Aviation by 131.9% during the fourth quarter. First Horizon Corp now owns 320 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 182 shares during the last quarter. Covestor Ltd increased its position in shares of FTAI Aviation by 338.6% during the fourth quarter. Covestor Ltd now owns 386 shares of the financial services provider’s stock valued at $76,000 after acquiring an additional 298 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of FTAI Aviation by 88.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 485 shares of the financial services provider’s stock valued at $95,000 after acquiring an additional 227 shares during the period. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Aviation Trading Up 1.4%

NASDAQ FTAI opened at $263.62 on Tuesday. 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 firm has a market cap of $27.04 billion, a price-to-earnings ratio of 52.31, a PEG ratio of 1.05 and a beta of 1.47. The firm has a 50 day simple moving average of $251.43 and a 200-day simple moving average of $248.78. FTAI Aviation Ltd. has a one year low of $108.47 and a one year high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last announced its earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.32). The business 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 firm’s revenue for the quarter was up 65.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.87 earnings per share. Equities research analysts anticipate that FTAI Aviation Ltd. will post 6.77 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Wednesday, May 13th were paid a $0.45 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. FTAI Aviation’s payout ratio is 31.75%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FTAI. Jefferies Financial Group restated a “buy” rating and issued a $400.00 price objective on shares of FTAI Aviation in a report on Sunday, May 3rd. Weiss Ratings lowered FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 27th. BTIG Research upped their price target on FTAI Aviation from $335.00 to $340.00 and gave the stock a “buy” rating in a research note on Friday, March 13th. Morgan Stanley restated an “overweight” rating and set a $319.00 price target on shares of FTAI Aviation in a research report on Friday, May 8th. Finally, Zacks Research cut FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Ten research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, FTAI Aviation presently has a consensus rating of “Moderate Buy” and a consensus price target of $326.88.

Insiders Place Their Bets

In related news, Director Martin Tuchman sold 67,500 shares of FTAI Aviation 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 approximately $50,936,717.09. This trade represents a 24.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Judith A. Hannaway sold 255 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total value of $64,741.95. Following the transaction, the director directly owned 3,012 shares of the company’s stock, valued at $764,716.68. The trade was a 7.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 254,515 shares of company stock worth $61,599,445 in the last ninety days. 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.