First Trust Advisors LP Increases Stake in FTAI Aviation Ltd. $FTAI

First Trust Advisors LP increased its stake in FTAI Aviation Ltd. (NASDAQ:FTAI) by 5.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 383,773 shares of the financial services provider’s stock after acquiring an additional 18,399 shares during the period. First Trust Advisors LP’s holdings in FTAI Aviation were worth $94,024,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capital World Investors boosted its position in shares of FTAI Aviation by 41.1% during the fourth quarter. Capital World Investors now owns 8,916,830 shares of the financial services provider’s stock valued at $1,755,290,000 after purchasing an additional 2,596,265 shares in the last quarter. Norges Bank purchased a new position in FTAI Aviation during the fourth quarter valued at $262,393,000. Northern Right Capital Management L.P. boosted its holdings in shares of FTAI Aviation by 884.1% during the 2nd quarter. Northern Right Capital Management L.P. now owns 885,675 shares of the financial services provider’s stock valued at $101,888,000 after buying an additional 795,675 shares in the last quarter. Rubric Capital Management LP boosted its stake in FTAI Aviation by 28.3% during the second quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider’s stock worth $390,455,000 after acquiring an additional 749,080 shares in the last quarter. Finally, Alyeska Investment Group L.P. grew its holdings in FTAI Aviation by 249.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 617,802 shares of the financial services provider’s stock worth $121,614,000 after purchasing an additional 440,767 shares during the period. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FTAI. Weiss Ratings raised FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. Zacks Research downgraded FTAI Aviation from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Citizens Jmp began coverage on FTAI Aviation in a research report on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 price target for the company. Morgan Stanley reiterated an “overweight” rating and issued a $319.00 price target on shares of FTAI Aviation in a research note on Friday, May 8th. Finally, BTIG Research increased their price objective on shares of FTAI Aviation from $340.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, FTAI Aviation currently has a consensus rating of “Moderate Buy” and a consensus price target of $340.62.

Insider Transactions at FTAI Aviation

In related 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 transaction of $16,334,325.00. Following the completion of the sale, the director directly owned 210,491 shares in the company, valued at approximately $50,936,717.09. The trade was a 24.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Judith A. Hannaway sold 255 shares of the business’s stock in a transaction 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 sale, the director directly owned 3,012 shares of the company’s stock, valued at approximately $764,716.68. The trade was a 7.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 254,515 shares of company stock valued at $61,599,445. Corporate insiders own 1.35% of the company’s stock.

FTAI Aviation Trading Down 0.4%

Shares of FTAI stock opened at $215.98 on Friday. 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. The firm’s 50 day moving average is $242.09 and its 200 day moving average is $254.46. The stock has a market capitalization of $22.16 billion, a P/E ratio of 42.85, a P/E/G ratio of 0.87 and a beta of 1.46.

FTAI Aviation (NASDAQ:FTAI) last announced its earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.32). FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. The company had revenue of $830.70 million for the quarter. During the same period in the previous year, the company posted $0.87 EPS. The company’s revenue was up 65.4% on a year-over-year basis. Research analysts expect that FTAI Aviation Ltd. will post 6.77 earnings per share for the current year.

FTAI Aviation Announces Dividend

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

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.