FTAI Aviation Ltd. $FTAI Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC trimmed its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 55.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,000 shares of the financial services provider’s stock after selling 61,900 shares during the period. Gabelli Funds LLC’s holdings in FTAI Aviation were worth $9,842,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FTAI. AQR Capital Management LLC acquired a new position in FTAI Aviation during the 1st quarter valued at about $242,000. Cetera Investment Advisers boosted its stake in FTAI Aviation by 73.3% during the 2nd quarter. Cetera Investment Advisers now owns 5,597 shares of the financial services provider’s stock valued at $644,000 after purchasing an additional 2,368 shares during the period. Invesco Ltd. boosted its stake in FTAI Aviation by 23.8% during the 2nd quarter. Invesco Ltd. now owns 417,375 shares of the financial services provider’s stock valued at $48,015,000 after purchasing an additional 80,341 shares during the period. Amundi boosted its stake in FTAI Aviation by 16,560.0% during the 2nd quarter. Amundi now owns 2,499 shares of the financial services provider’s stock valued at $283,000 after purchasing an additional 2,484 shares during the period. Finally, Jump Financial LLC acquired a new position in FTAI Aviation during the 2nd quarter valued at about $2,736,000. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Trading Down 3.1%

Shares of NASDAQ:FTAI opened at $223.49 on Wednesday. The company has a 50 day moving average of $247.58 and a 200-day moving average of $230.72. The firm has a market cap of $22.93 billion, a P/E ratio of 44.34, a P/E/G ratio of 0.93 and a beta of 1.49. FTAI Aviation Ltd. has a twelve month low of $108.47 and a twelve 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 issued its quarterly 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). The company had revenue of $830.70 million during the quarter. FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The company’s revenue for the quarter was up 65.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.87 earnings per share. As a group, analysts anticipate that FTAI Aviation Ltd. will post 6.77 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Wednesday, May 13th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, May 13th. FTAI Aviation’s dividend payout ratio is currently 31.75%.

Insider Buying and Selling at FTAI Aviation

In other news, Director Martin Tuchman sold 67,500 shares of the company’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 completion of the sale, the director directly owned 210,491 shares of the company’s stock, valued at approximately $50,936,717.09. This represents a 24.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have sold 254,260 shares of company stock valued at $61,534,703. Corporate insiders own 1.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on FTAI. Citigroup reissued an “outperform” rating on shares of FTAI Aviation in a research note on Thursday, January 29th. Barclays boosted their target price on shares of FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Royal Bank Of Canada boosted their target price on shares of FTAI Aviation from $270.00 to $350.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. BTIG Research upped their price target on shares of FTAI Aviation from $335.00 to $340.00 and gave the stock a “buy” rating in a research note on Friday, March 13th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $319.00 price target on shares of FTAI Aviation in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $326.88.

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.