5,053 Shares of FTAI Aviation Ltd. $FTAI Purchased by Doliver Advisors LP

Doliver Advisors LP bought a new position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,053 shares of the financial services provider’s stock, valued at approximately $844,000.

Several other institutional investors also recently bought and sold shares of the stock. QRG Capital Management Inc. lifted its holdings in FTAI Aviation by 13.8% in the second quarter. QRG Capital Management Inc. now owns 3,349 shares of the financial services provider’s stock valued at $906,000 after acquiring an additional 407 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of FTAI Aviation by 27.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 58,338 shares of the financial services provider’s stock worth $15,782,000 after purchasing an additional 12,490 shares during the period. Andra AP fonden purchased a new position in shares of FTAI Aviation during the 2nd quarter valued at approximately $325,000. State Street Corp increased its holdings in shares of FTAI Aviation by 2.5% during the 2nd quarter. State Street Corp now owns 3,083,589 shares of the financial services provider’s stock valued at $834,203,000 after purchasing an additional 75,452 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in shares of FTAI Aviation by 42.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 33,697 shares of the financial services provider’s stock valued at $9,116,000 after purchasing an additional 9,976 shares during the period. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Jefferies Financial Group reissued a “buy” rating and set a $325.00 price target on shares of FTAI Aviation in a report on Sunday, August 2nd. Citizens Jmp started coverage on shares of FTAI Aviation in a research report on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 price objective for the company. Royal Bank Of Canada lowered their target price on shares of FTAI Aviation from $350.00 to $300.00 and set an “outperform” rating on the stock in a research note on Monday, July 27th. Barclays dropped their target price on FTAI Aviation from $350.00 to $310.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 15th. Finally, Deutsche Bank Aktiengesellschaft set a $290.00 price target on FTAI Aviation in a research note on Friday, July 31st. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, FTAI Aviation currently has an average rating of “Moderate Buy” and an average price target of $315.67.

Insiders Place Their Bets

In other news, President David Moreno acquired 2,475 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were bought at an average cost of $201.27 per share, for a total transaction of $498,143.25. Following the acquisition, the president owned 199,490 shares in the company, valued at approximately $40,151,352.30. This represents a 1.26% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.35% of the company’s stock.

FTAI Aviation Price Performance

FTAI Aviation stock traded up $0.29 during trading on Thursday, reaching $167.32. The company had a trading volume of 1,017,762 shares, compared to its average volume of 1,509,525. The firm has a market capitalization of $17.19 billion, a PE ratio of 36.37, a price-to-earnings-growth ratio of 0.84 and a beta of 1.51. The firm’s 50-day simple moving average is $199.51 and its 200 day simple moving average is $229.07. The company has a debt-to-equity ratio of 8.55, a quick ratio of 2.07 and a current ratio of 5.28. FTAI Aviation Ltd. has a 1-year low of $149.50 and a 1-year high of $323.51.

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

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Wednesday, August 12th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Wednesday, August 12th. FTAI Aviation’s dividend payout ratio is 43.48%.

FTAI Aviation Company Profile

FTAI Aviation Ltd. is an aviation company focused on owning, leasing, and managing commercial aircraft and aircraft engines. The company provides aviation assets to airlines, aircraft leasing companies, maintenance, repair and overhaul providers, and other participants in the global aviation industry.

FTAI Aviation’s business includes aircraft and engine leasing, asset management, and the acquisition and sale of aviation equipment. Through its aviation products activities, the company also develops and sells proprietary aerospace products designed to improve engine performance, reliability, and maintenance economics, including solutions associated with the CFM56 engine platform.

The company serves customers across international aviation markets and manages assets used by airlines and operators in multiple regions.