Sterling Capital Management LLC Acquires 5,082 Shares of FTAI Aviation Ltd. $FTAI

Sterling Capital Management LLC increased its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI) by 697.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,811 shares of the financial services provider’s stock after acquiring an additional 5,082 shares during the period. Sterling Capital Management LLC’s holdings in FTAI Aviation were worth $1,424,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in FTAI. The Manufacturers Life Insurance Company increased its holdings in FTAI Aviation by 1.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 4,454 shares of the financial services provider’s stock worth $877,000 after purchasing an additional 52 shares in the last quarter. MetLife Investment Management LLC raised its stake in shares of FTAI Aviation by 0.9% in the fourth quarter. MetLife Investment Management LLC now owns 6,578 shares of the financial services provider’s stock worth $1,295,000 after purchasing an additional 57 shares during the last quarter. Diversify Advisory Services LLC lifted its holdings in shares of FTAI Aviation by 0.8% in the fourth quarter. Diversify Advisory Services LLC now owns 10,051 shares of the financial services provider’s stock valued at $1,979,000 after purchasing an additional 80 shares in the last quarter. Orion Porfolio Solutions LLC lifted its holdings in shares of FTAI Aviation by 4.7% in the fourth quarter. Orion Porfolio Solutions LLC now owns 2,112 shares of the financial services provider’s stock valued at $416,000 after purchasing an additional 95 shares in the last quarter. Finally, Glen Eagle Advisors LLC boosted its position in shares of FTAI Aviation by 6.8% during the fourth quarter. Glen Eagle Advisors LLC now owns 1,581 shares of the financial services provider’s stock valued at $311,000 after buying an additional 100 shares during the last quarter. Institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Performance

NASDAQ:FTAI opened at $263.62 on Tuesday. The company has a market capitalization of $27.04 billion, a P/E ratio of 52.31, a P/E/G ratio of 1.05 and a beta of 1.47. The business has a fifty day simple moving average of $251.43 and a two-hundred day simple moving average of $248.78. 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 Ltd. has a 1 year low of $108.47 and a 1 year high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly 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 firm 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%. FTAI Aviation’s revenue was up 65.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.87 earnings per share. On average, analysts expect that FTAI Aviation Ltd. will post 6.77 earnings per share for the current year.

FTAI Aviation Dividend Announcement

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

Insider Activity

In other news, Director Martin Tuchman sold 67,500 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $241.99, for a total value of $16,334,325.00. Following the sale, the director owned 210,491 shares of the company’s stock, valued at $50,936,717.09. The trade was a 24.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Judith A. Hannaway sold 255 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $253.89, for a total transaction of $64,741.95. Following the completion of the sale, the director directly owned 3,012 shares in the company, valued at approximately $764,716.68. This trade represents a 7.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 254,515 shares of company stock worth $61,599,445. Insiders own 1.35% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on FTAI shares. Zacks Research downgraded FTAI Aviation from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. BTIG Research raised their price objective on FTAI Aviation from $335.00 to $340.00 and gave the company a “buy” rating in a research note on Friday, March 13th. Morgan Stanley reaffirmed an “overweight” rating and set a $319.00 price objective on shares of FTAI Aviation in a report on Friday, May 8th. Weiss Ratings lowered shares of FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 27th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $400.00 price target on shares of FTAI Aviation in a research report on Sunday, May 3rd. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $326.88.

FTAI Aviation Company 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.