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

Manchester Capital Management LLC acquired a new position in FTAI Aviation Ltd. (NASDAQ:FTAI) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 11,749 shares of the financial services provider’s stock, valued at approximately $1,962,000.

Other institutional investors have also recently bought and sold shares of the company. Baird Financial Group Inc. lifted its position in shares of FTAI Aviation by 619.2% in the second quarter. Baird Financial Group Inc. now owns 89,672 shares of the financial services provider’s stock worth $24,259,000 after purchasing an additional 77,203 shares in the last quarter. Mediolanum International Funds Ltd acquired a new stake in shares of FTAI Aviation during the first quarter worth approximately $1,313,000. State Street Corp boosted its holdings in shares of FTAI Aviation by 2.5% during the second quarter. State Street Corp now owns 3,083,589 shares of the financial services provider’s stock worth $834,203,000 after purchasing an additional 75,452 shares during the period. Resona Asset Management Co. Ltd. purchased a new position in FTAI Aviation during the first quarter valued at approximately $7,217,000. Finally, Generate Investment Management Ltd purchased a new position in FTAI Aviation during the third quarter valued at approximately $16,703,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Stock Down 2.0%

Shares of FTAI Aviation stock opened at $154.37 on Friday. The firm has a market cap of $15.85 billion, a price-to-earnings ratio of 33.56, a P/E/G ratio of 0.78 and a beta of 1.51. The stock has a 50-day simple moving average of $182.52 and a 200-day simple moving average of $220.41. FTAI Aviation Ltd. has a 52-week low of $146.48 and a 52-week high of $323.51. 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 (NASDAQ:FTAI) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.19). FTAI Aviation had a return on equity of 139.59% and a net margin of 15.94%. The firm had revenue of $953.09 million during the quarter. During the same quarter in the prior year, the company earned $1.57 EPS. The business’s revenue was up 40.9% compared to the same quarter last year. On average, equities research analysts expect that FTAI Aviation Ltd. will post 5.48 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

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

Insider Buying and Selling

In other FTAI Aviation news, President David Moreno bought 2,475 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was bought at an average cost of $201.27 per share, with a total value of $498,143.25. Following the completion of the transaction, the president directly owned 199,490 shares of the company’s stock, valued at approximately $40,151,352.30. The trade was a 1.26% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.35% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have weighed in on FTAI. BTIG Research dropped their price objective on shares of FTAI Aviation from $400.00 to $350.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. Jefferies Financial Group reissued a “buy” rating and set a $325.00 target price on shares of FTAI Aviation in a research note on Sunday, August 2nd. Royal Bank Of Canada lowered their price target 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. Deutsche Bank Aktiengesellschaft set a $290.00 price target on shares of FTAI Aviation in a research note on Friday, July 31st. Finally, Barclays cut their price objective on FTAI Aviation from $350.00 to $310.00 and set an “overweight” rating for the company in a report on Tuesday, September 15th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, FTAI Aviation currently has a consensus rating of “Moderate Buy” and a consensus price target of $310.62.

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.