Legato Capital Management LLC Increases Stock Position in FTAI Aviation Ltd. $FTAI

Legato Capital Management LLC increased its position in FTAI Aviation Ltd. (NASDAQ:FTAI) by 41.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,960 shares of the financial services provider’s stock after purchasing 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.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Horizon Corp boosted its stake in shares of FTAI Aviation by 131.9% in the fourth quarter. First Horizon Corp now owns 320 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 182 shares during the period. Covestor Ltd boosted its stake 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 during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in FTAI Aviation by 88.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 485 shares of the financial services provider’s stock valued at $95,000 after acquiring an additional 227 shares during the last quarter. Rossby Financial LCC boosted its stake 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 during the last quarter. Finally, Global Retirement Partners LLC boosted its stake in FTAI Aviation by 75.8% during the 4th quarter. Global Retirement Partners LLC now owns 603 shares of the financial services provider’s stock valued at $119,000 after acquiring an additional 260 shares during the last quarter. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. BTIG Research increased their price objective on shares of FTAI Aviation from $335.00 to $340.00 and gave the company a “buy” rating in a research note on Friday, March 13th. Jefferies Financial Group reiterated a “buy” rating and set a $400.00 price objective on shares of FTAI Aviation in a research note on Sunday, May 3rd. Morgan Stanley reiterated an “overweight” rating and set a $319.00 price objective on shares of FTAI Aviation in a research note on Friday, May 8th. Citizens Jmp increased their price objective on shares of FTAI Aviation from $230.00 to $325.00 and gave the company a “market outperform” rating in a research note on Thursday, January 29th. Finally, Barclays increased their target price 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. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $326.88.

FTAI Aviation Stock Up 2.3%

Shares of NASDAQ:FTAI opened at $252.13 on Friday. The stock has a market capitalization of $25.86 billion, a price-to-earnings ratio of 50.03, a price-to-earnings-growth ratio of 1.02 and a beta of 1.49. FTAI Aviation Ltd. has a 1-year low of $108.47 and a 1-year high of $323.51. The company’s fifty day moving average is $246.20 and its two-hundred day moving average is $231.75. 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 released its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.29 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.32). The firm had revenue of $830.70 million for the quarter. FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The business’s revenue was up 65.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.87 EPS. Equities analysts anticipate that FTAI Aviation Ltd. will post 6.77 EPS for the current year.

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Wednesday, May 13th will be given a dividend of $0.45 per share. The ex-dividend date is Wednesday, May 13th. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. FTAI Aviation’s dividend payout ratio is currently 31.75%.

Insider Activity at FTAI Aviation

In other news, Director Martin Tuchman sold 143,584 shares of the company’s stock in a transaction dated 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 owned 236,302 shares in the company, valued at approximately $57,289,056.88. This represents a 37.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 254,260 shares of company stock worth $61,534,703 in the last three months. 1.35% of the stock is currently owned by corporate insiders.

About FTAI Aviation

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.