FTAI Aviation Ltd. $FTAI Stock Holdings Cut by Granahan Investment Management LLC

Granahan Investment Management LLC reduced its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 2.0% in the first quarter, HoldingsChannel reports. The firm owned 340,317 shares of the financial services provider’s stock after selling 7,048 shares during the quarter. FTAI Aviation makes up 4.0% of Granahan Investment Management LLC’s investment portfolio, making the stock its 3rd largest position. Granahan Investment Management LLC’s holdings in FTAI Aviation were worth $83,378,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FTAI. SJS Investment Consulting Inc. lifted its stake in shares of FTAI Aviation by 122.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 59 shares during the period. Meeder Asset Management Inc. grew its position in FTAI Aviation by 142.2% during the first quarter. Meeder Asset Management Inc. now owns 109 shares of the financial services provider’s stock valued at $27,000 after buying an additional 64 shares during the period. Garton & Associates Financial Advisors LLC bought a new stake in FTAI Aviation during the fourth quarter valued at approximately $30,000. Root Financial Partners LLC increased its holdings in FTAI Aviation by 40.9% during the first quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock valued at $38,000 after buying an additional 45 shares during the last quarter. Finally, Greenline Wealth Management LLC purchased a new stake in FTAI Aviation during the fourth quarter valued at approximately $50,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Citizens Jmp initiated 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 target on the stock. Weiss Ratings raised shares of FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. Morgan Stanley restated an “overweight” rating and issued a $319.00 price objective on shares of FTAI Aviation in a research note on Friday, May 8th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $400.00 target price on shares of FTAI Aviation in a report on Sunday, May 3rd. Finally, BTIG Research lifted their target price on FTAI Aviation from $340.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $340.62.

FTAI Aviation Trading Down 0.4%

FTAI Aviation stock opened at $215.98 on Friday. The firm has a 50 day moving average of $242.09 and a 200 day moving average of $254.46. The firm has a market capitalization of $22.16 billion, a price-to-earnings ratio of 42.85, a P/E/G ratio of 0.87 and a beta of 1.46. FTAI Aviation Ltd. has a 12-month low of $110.76 and a 12-month high of $323.51. The company has a current ratio of 5.24, a quick ratio of 2.48 and a debt-to-equity ratio of 8.00.

FTAI Aviation (NASDAQ:FTAI) last released 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). FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The firm had revenue of $830.70 million for the quarter. During the same quarter last year, the firm posted $0.87 EPS. The company’s revenue for the quarter was up 65.4% compared to the same quarter last year. As a group, research analysts predict that FTAI Aviation Ltd. will post 6.77 earnings per share for the current year.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Wednesday, May 13th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Wednesday, May 13th. FTAI Aviation’s dividend payout ratio (DPR) is presently 31.75%.

Insiders Place Their Bets

In other FTAI Aviation news, Director Martin Tuchman sold 143,584 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $242.44, for a total value of $34,810,504.96. Following the completion of the sale, the director owned 236,302 shares in the company, valued at approximately $57,289,056.88. This represents a 37.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Judith A. Hannaway sold 255 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total value of $64,741.95. Following the completion of the sale, the director 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 disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 254,515 shares of company stock worth $61,599,445. 1.35% of the stock is 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.