2,712 Shares in FTAI Aviation Ltd. $FTAI Acquired by Storgate LLC

Storgate LLC purchased a new position in FTAI Aviation Ltd. (NASDAQ:FTAI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,712 shares of the financial services provider’s stock, valued at approximately $534,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FTAI. Capital World Investors raised its holdings in FTAI Aviation by 41.1% during the fourth quarter. Capital World Investors now owns 8,916,830 shares of the financial services provider’s stock worth $1,755,290,000 after purchasing an additional 2,596,265 shares in the last quarter. Norges Bank acquired a new stake in FTAI Aviation during the fourth quarter worth approximately $262,393,000. Northern Right Capital Management L.P. raised its holdings in FTAI Aviation by 884.1% during the second quarter. Northern Right Capital Management L.P. now owns 885,675 shares of the financial services provider’s stock worth $101,888,000 after purchasing an additional 795,675 shares in the last quarter. Rubric Capital Management LP raised its holdings in FTAI Aviation by 28.3% during the second quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider’s stock worth $390,455,000 after purchasing an additional 749,080 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in FTAI Aviation by 396.7% during the third quarter. JPMorgan Chase & Co. now owns 831,414 shares of the financial services provider’s stock worth $138,730,000 after purchasing an additional 664,037 shares in the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

Insiders Place Their Bets

In other news, Director Judith A. Hannaway sold 255 shares of FTAI Aviation stock in a transaction on Wednesday, May 27th. The shares were 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Martin Tuchman sold 143,584 shares of FTAI Aviation stock in a transaction 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 completion of the transaction, the director directly owned 236,302 shares in the company, valued at $57,289,056.88. The trade was a 37.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 254,515 shares of company stock worth $61,599,445 over the last ninety days. Corporate insiders own 1.35% of the company’s stock.

FTAI Aviation Stock Performance

Shares of FTAI Aviation stock opened at $241.96 on Friday. The firm’s fifty day simple moving average is $248.12 and its 200-day simple moving average is $240.74. The stock has a market capitalization of $24.82 billion, a price-to-earnings ratio of 48.01, a PEG ratio of 0.97 and a beta of 1.47. FTAI Aviation Ltd. has a 12 month low of $108.47 and a 12 month high of $323.51. 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 (NASDAQ:FTAI) last announced its earnings results on Wednesday, April 29th. The financial services provider reported $1.29 EPS for the quarter, missing analysts’ consensus estimates 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%. FTAI Aviation’s revenue for the quarter was up 65.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.87 earnings per share. As a group, equities analysts forecast that FTAI Aviation Ltd. will post 6.77 earnings per share for the current year.

FTAI Aviation Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Barclays raised their price objective 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. Morgan Stanley reissued an “overweight” rating and set a $319.00 price objective on shares of FTAI Aviation in a report on Friday, May 8th. BTIG Research raised their price objective on shares of FTAI Aviation from $335.00 to $340.00 and gave the stock a “buy” rating in a report on Friday, March 13th. Jefferies Financial Group reissued a “buy” rating and set a $400.00 price objective on shares of FTAI Aviation in a report on Sunday, May 3rd. Finally, Zacks Research cut shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, FTAI Aviation currently has a consensus rating of “Moderate Buy” and a consensus target price 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.