Manchester Capital Management LLC Purchases 11,749 Shares of FTAI Aviation Ltd. $FTAI

Manchester Capital Management LLC purchased a new stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 11,749 shares of the financial services provider’s stock, valued at approximately $1,962,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sterling Capital Management LLC bought a new stake in FTAI Aviation in the third quarter worth about $39,000. Inspire Investing LLC lifted its holdings in FTAI Aviation by 12.8% in the 3rd quarter. Inspire Investing LLC now owns 6,021 shares of the financial services provider’s stock valued at $1,006,000 after acquiring an additional 681 shares during the last quarter. T3 Companies LLC boosted its position in shares of FTAI Aviation by 7.5% during the 3rd quarter. T3 Companies LLC now owns 2,150 shares of the financial services provider’s stock valued at $359,000 after purchasing an additional 150 shares in the last quarter. Brookstone Capital Management boosted its position in shares of FTAI Aviation by 4.3% during the 3rd quarter. Brookstone Capital Management now owns 3,611 shares of the financial services provider’s stock valued at $603,000 after purchasing an additional 148 shares in the last quarter. Finally, Root Financial Partners LLC bought a new position in shares of FTAI Aviation during the 3rd quarter valued at about $25,000. Institutional investors own 88.96% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on FTAI. Royal Bank Of Canada dropped their target price on shares of FTAI Aviation from $350.00 to $300.00 and set an “outperform” rating on the stock in a report on Monday, July 27th. Citizens Jmp assumed coverage on shares of FTAI Aviation in a report on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 target price for the company. Morgan Stanley decreased their price target on shares of FTAI Aviation from $360.00 to $310.00 and set an “overweight” rating on the stock in a research report on Friday, October 16th. BTIG Research decreased their price target on shares of FTAI Aviation from $400.00 to $350.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft set a $290.00 price target on FTAI Aviation in a report on Friday, July 31st. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, FTAI Aviation presently has a consensus rating of “Moderate Buy” and an average target price of $310.62.

FTAI Aviation Stock Performance

FTAI Aviation stock opened at $154.37 on Friday. The firm’s 50 day simple moving average is $182.52 and its 200-day simple moving average is $220.41. The company has a market cap of $15.85 billion, a P/E ratio of 33.56, a price-to-earnings-growth ratio of 0.78 and a beta of 1.51. The company has a debt-to-equity ratio of 8.55, a current ratio of 5.28 and a quick ratio of 2.07. FTAI Aviation Ltd. has a fifty-two week low of $146.48 and a fifty-two week high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.19). The firm had revenue of $953.09 million for the quarter. FTAI Aviation had a net margin of 15.94% and a return on equity of 139.59%. FTAI Aviation’s revenue for the quarter was up 40.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.57 EPS. As a group, equities research analysts predict that FTAI Aviation Ltd. will post 5.48 EPS for the current year.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Wednesday, August 12th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.3%. The ex-dividend date was Wednesday, August 12th. FTAI Aviation’s payout ratio is presently 43.48%.

Insiders Place Their Bets

In other news, President David Moreno bought 2,475 shares of the business’s stock in a transaction on Friday, July 31st. The shares were bought at an average cost of $201.27 per share, with a total value of $498,143.25. Following the purchase, the president directly owned 199,490 shares in the company, valued at $40,151,352.30. This trade represents a 1.26% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.35% of the company’s stock.

FTAI Aviation Profile

FTAI Aviation Ltd. is an aviation-focused company that owns, acquires, leases and sells commercial aircraft engines, aircraft and related aviation assets. Its portfolio primarily supports the global narrowbody aircraft market, with a particular focus on widely used engine platforms such as the CFM56 and V2500.

The company provides engine leasing solutions to airlines, aircraft leasing companies and other aviation customers. It also supplies aviation parts and materials and offers maintenance, repair and overhaul-related services.