Edgestream Partners L.P. Makes New Investment in FTAI Aviation Ltd. $FTAI

Edgestream Partners L.P. bought a new stake in FTAI Aviation Ltd. (NASDAQ:FTAI) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 18,851 shares of the financial services provider’s stock, valued at approximately $4,618,000.

Other hedge funds have also made changes to their positions in the company. Strategic Investment Advisors MI acquired a new stake in shares of FTAI Aviation during the 1st quarter worth approximately $107,000. Sunbelt Securities Inc. raised its position in shares of FTAI Aviation by 10,250.0% during the 1st quarter. Sunbelt Securities Inc. now owns 414 shares of the financial services provider’s stock valued at $101,000 after buying an additional 410 shares during the period. Amundi lifted its holdings in FTAI Aviation by 1,411.0% in the first quarter. Amundi now owns 105,319 shares of the financial services provider’s stock valued at $25,803,000 after acquiring an additional 98,349 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in FTAI Aviation by 6.8% in the first quarter. EverSource Wealth Advisors LLC now owns 1,284 shares of the financial services provider’s stock valued at $315,000 after acquiring an additional 82 shares during the last quarter. Finally, California State Teachers Retirement System grew its position in FTAI Aviation by 22.0% in the first quarter. California State Teachers Retirement System now owns 118,738 shares of the financial services provider’s stock worth $29,091,000 after acquiring an additional 21,372 shares during the period. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Insider Buying and Selling at FTAI Aviation

In related news, Director Martin Tuchman sold 67,500 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $241.99, for a total transaction of $16,334,325.00. Following the completion of the transaction, the director directly owned 210,491 shares in the company, valued at $50,936,717.09. This trade represents a 24.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Judith A. Hannaway sold 255 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total transaction of $64,741.95. Following the sale, the director owned 3,012 shares in the company, valued at $764,716.68. This trade represents a 7.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 110,931 shares of company stock worth $26,788,940 in the last quarter. Company insiders own 1.35% of the company’s stock.

FTAI Aviation Stock Up 4.3%

FTAI Aviation stock opened at $206.00 on Friday. FTAI Aviation Ltd. has a fifty-two week low of $128.32 and a fifty-two week high of $323.51. The company has a debt-to-equity ratio of 8.00, a quick ratio of 2.48 and a current ratio of 5.24. The firm has a 50 day moving average price of $238.79 and a 200 day moving average price of $253.32. The company has a market capitalization of $21.13 billion, a PE ratio of 44.78, a price-to-earnings-growth ratio of 0.80 and a beta of 1.46.

FTAI Aviation (NASDAQ:FTAI) last announced its earnings results on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.19). FTAI Aviation had a net margin of 15.94% and a return on equity of 146.23%. The firm had revenue of $953.09 million during the quarter. During the same quarter last year, the firm posted $1.57 earnings per share. The firm’s revenue for the quarter was up 40.9% compared to the same quarter last year. 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 disclosed a dividend, which will be paid on Monday, August 24th. Investors of record on Wednesday, August 12th will be issued a $0.50 dividend. The ex-dividend date is Wednesday, August 12th. FTAI Aviation’s payout ratio is currently 31.75%.

Analyst Ratings Changes

Several research firms have issued reports on FTAI. Morgan Stanley reissued an “overweight” rating and set a $319.00 target price on shares of FTAI Aviation in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft set a $290.00 price target on FTAI Aviation in a research note on Friday. Citizens Jmp assumed coverage on FTAI Aviation in a report on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 price target for the company. Weiss Ratings raised FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. Finally, BTIG Research boosted their price objective on shares of FTAI Aviation from $340.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, FTAI Aviation presently has a consensus rating of “Moderate Buy” and an average price target of $329.44.

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.