KBC Group NV Buys 16,700 Shares of FTAI Aviation Ltd. $FTAI

KBC Group NV boosted its stake in FTAI Aviation Ltd. (NASDAQ:FTAI) by 591.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,525 shares of the financial services provider’s stock after purchasing an additional 16,700 shares during the period. KBC Group NV’s holdings in FTAI Aviation were worth $4,784,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. SJS Investment Consulting Inc. grew its holdings in shares of FTAI Aviation by 122.9% in the first quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 59 shares during the last quarter. Garton & Associates Financial Advisors LLC bought a new stake in FTAI Aviation during the 4th quarter valued at $30,000. Root Financial Partners LLC boosted its position in FTAI Aviation by 40.9% during the 1st quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock valued at $38,000 after buying an additional 45 shares during the period. Greenline Wealth Management LLC purchased a new stake in FTAI Aviation during the 4th quarter valued at $50,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in FTAI Aviation in the 1st quarter worth $51,000. Institutional investors own 88.96% of the company’s stock.

FTAI Aviation Price Performance

FTAI stock opened at $216.81 on Friday. The company has a debt-to-equity ratio of 8.00, a current ratio of 5.24 and a quick ratio of 2.48. FTAI Aviation Ltd. has a 1 year low of $109.90 and a 1 year high of $323.51. The firm has a 50-day moving average of $242.53 and a 200 day moving average of $254.73. The company has a market cap of $22.24 billion, a P/E ratio of 43.02, a PEG ratio of 0.90 and a beta of 1.46.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings data 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). 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 for the quarter. During the same quarter last year, the firm posted $0.87 earnings per share. The business’s quarterly revenue was up 65.4% on a year-over-year basis. On average, sell-side analysts forecast that FTAI Aviation Ltd. will post 6.77 EPS for the current year.

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Wednesday, May 13th were given a dividend of $0.45 per share. The ex-dividend date was Wednesday, May 13th. This represents a $1.80 annualized dividend and a dividend yield of 0.8%. FTAI Aviation’s payout ratio is currently 31.75%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $319.00 price objective on shares of FTAI Aviation in a research note on Friday, May 8th. Weiss Ratings raised FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. Zacks Research downgraded FTAI Aviation from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Jefferies Financial Group reaffirmed a “buy” rating and set a $400.00 price target on shares of FTAI Aviation in a research report on Sunday, May 3rd. Finally, BTIG Research increased their price objective on FTAI Aviation from $340.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, FTAI Aviation currently has a consensus rating of “Moderate Buy” and a consensus target price of $340.62.

Insider Activity at FTAI Aviation

In other FTAI Aviation news, Director Judith A. Hannaway sold 255 shares of the 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 completion of the transaction, the director owned 3,012 shares in the company, valued at approximately $764,716.68. This represents a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Martin Tuchman sold 67,500 shares of the firm’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 transaction, the director directly owned 210,491 shares of the company’s stock, valued at $50,936,717.09. This represents a 24.28% decrease in their position. 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 90 days. 1.35% of the stock is currently owned by corporate 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.