Legato Capital Management LLC Boosts Holdings in FTAI Aviation Ltd. $FTAI

Legato Capital Management LLC raised its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 41.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,960 shares of the financial services provider’s stock after acquiring an additional 3,203 shares during the quarter. Legato Capital Management LLC’s holdings in FTAI Aviation were worth $2,157,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in FTAI. First Horizon Corp increased its holdings in FTAI Aviation by 131.9% during the 4th 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 in the last quarter. Covestor Ltd increased its holdings in FTAI Aviation by 338.6% during the 4th quarter. Covestor Ltd now owns 386 shares of the financial services provider’s stock valued at $76,000 after acquiring an additional 298 shares in the last quarter. Rossby Financial LCC increased its holdings in FTAI Aviation by 13.6% during the 3rd quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock valued at $94,000 after acquiring an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of FTAI Aviation by 88.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 485 shares of the financial services provider’s stock worth $95,000 after buying an additional 227 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in shares of FTAI Aviation by 11.0% during the third quarter. Assetmark Inc. now owns 708 shares of the financial services provider’s stock worth $118,000 after buying an additional 70 shares in the last quarter. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other FTAI Aviation news, Director Martin Tuchman sold 143,584 shares of FTAI Aviation stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $242.44, for a total transaction of $34,810,504.96. Following the transaction, the director directly owned 236,302 shares of the company’s stock, valued at $57,289,056.88. The trade was a 37.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold 254,260 shares of company stock worth $61,534,703 over the last 90 days. Insiders own 1.35% of the company’s stock.

FTAI Aviation Price Performance

FTAI Aviation stock opened at $252.13 on Friday. FTAI Aviation Ltd. has a 1 year low of $108.47 and a 1 year high of $323.51. The firm has a 50 day moving average price of $246.20 and a 200 day moving average price of $231.75. The company has a market cap of $25.86 billion, a price-to-earnings ratio of 50.03, a PEG ratio of 1.02 and a beta of 1.49. The company has a debt-to-equity ratio of 8.00, a quick ratio of 2.48 and a current ratio of 5.24.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.32). The business had revenue of $830.70 million for the quarter. FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. The firm’s quarterly revenue was up 65.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.87 earnings per share. Sell-side analysts predict that FTAI Aviation Ltd. will post 6.77 earnings per share for the current year.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Wednesday, May 13th will be given 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 of this dividend is Wednesday, May 13th. FTAI Aviation’s payout ratio is 31.75%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on FTAI shares. Weiss Ratings upgraded shares of FTAI Aviation from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Royal Bank Of Canada lifted their price target on shares of FTAI Aviation from $270.00 to $350.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Zacks Research downgraded shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a report on Thursday. Barclays lifted their price target on shares of FTAI Aviation from $260.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Finally, Citigroup reiterated an “outperform” rating on shares of FTAI Aviation in a report on Thursday, January 29th. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate 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.