Williamson Legacy Group LLC Reduces Stake in FTAI Aviation Ltd. $FTAI

Williamson Legacy Group LLC decreased its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 51.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,878 shares of the financial services provider’s stock after selling 6,212 shares during the period. Williamson Legacy Group LLC’s holdings in FTAI Aviation were worth $1,157,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. First Horizon Corp lifted its holdings in FTAI Aviation by 131.9% during the 4th quarter. First Horizon Corp now owns 320 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 182 shares in the last quarter. Covestor Ltd increased its stake in FTAI Aviation by 338.6% in the 4th quarter. Covestor Ltd now owns 386 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 298 shares during the last quarter. Rossby Financial LCC increased its stake in FTAI Aviation by 13.6% in the 3rd quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock worth $94,000 after acquiring an additional 65 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in FTAI Aviation by 88.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 485 shares of the financial services provider’s stock worth $95,000 after acquiring an additional 227 shares during the last quarter. Finally, Assetmark Inc. increased its stake in FTAI Aviation by 11.0% in the 3rd quarter. Assetmark Inc. now owns 708 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on FTAI shares. Citigroup restated an “outperform” rating on shares of FTAI Aviation in a research note on Thursday, January 29th. Zacks Research lowered FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Barclays upped their target price on FTAI Aviation from $260.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Jefferies Financial Group restated a “buy” rating and issued a $400.00 target price on shares of FTAI Aviation in a research note on Sunday, May 3rd. Finally, BTIG Research upped their target price on FTAI Aviation from $335.00 to $340.00 and gave the stock a “buy” rating in a research note on Friday, March 13th. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $326.88.

Insider Activity at FTAI Aviation

In other news, Director Martin Tuchman sold 143,584 shares of the stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $242.44, for a total transaction of $34,810,504.96. Following the transaction, the director directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders sold 254,260 shares of company stock worth $61,534,703. 1.35% of the stock is currently owned by corporate insiders.

FTAI Aviation Price Performance

Shares of NASDAQ FTAI opened at $253.39 on Wednesday. The company has a quick ratio of 2.48, a current ratio of 5.24 and a debt-to-equity ratio of 8.00. The firm has a market capitalization of $25.99 billion, a P/E ratio of 50.28, a P/E/G ratio of 1.02 and a beta of 1.49. The stock’s 50-day simple moving average is $247.12 and its two-hundred day simple moving average is $233.49. FTAI Aviation Ltd. has a twelve month low of $108.47 and a twelve month high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.29 EPS for the quarter, missing the consensus estimate 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%. The company’s revenue was up 65.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.87 EPS. As a group, equities analysts anticipate that FTAI Aviation Ltd. will post 6.77 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

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. The ex-dividend date was Wednesday, May 13th. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. FTAI Aviation’s dividend payout ratio is 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.