FTAI Aviation Ltd. $FTAI is Weybosset Research & Management LLC’s Largest Position

Weybosset Research & Management LLC lessened its position in FTAI Aviation Ltd. (NASDAQ:FTAI) by 5.8% in the 1st quarter, Holdings Channel reports. The fund owned 120,182 shares of the financial services provider’s stock after selling 7,435 shares during the period. FTAI Aviation accounts for approximately 8.5% of Weybosset Research & Management LLC’s holdings, making the stock its biggest position. Weybosset Research & Management LLC’s holdings in FTAI Aviation were worth $29,445,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Garton & Associates Financial Advisors LLC purchased a new position in FTAI Aviation during the fourth quarter worth about $30,000. Greenline Wealth Management LLC acquired a new position in FTAI Aviation during the 4th quarter worth approximately $50,000. First Horizon Corp increased its position 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 during the period. Covestor Ltd raised its stake in shares of FTAI Aviation by 338.6% during the 4th quarter. Covestor Ltd now owns 386 shares of the financial services provider’s stock worth $76,000 after buying an additional 298 shares in the last quarter. Finally, Rossby Financial LCC raised its stake in shares of FTAI Aviation by 13.6% during the 3rd quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock worth $94,000 after buying an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

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 on Monday, May 4th. The stock was sold at an average price of $241.99, for a total value of $16,334,325.00. Following the sale, the director directly owned 210,491 shares in the company, valued at $50,936,717.09. This represents a 24.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Judith A. Hannaway sold 255 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $253.89, for a total value of $64,741.95. Following the sale, the director directly owned 3,012 shares in the company, valued at approximately $764,716.68. The trade was a 7.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 254,515 shares of company stock worth $61,599,445 over the last 90 days. Company insiders own 1.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on FTAI shares. Barclays raised their price target on FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Jefferies Financial Group reiterated a “buy” rating and issued a $400.00 price objective on shares of FTAI Aviation in a research report on Sunday, May 3rd. Morgan Stanley reissued an “overweight” rating and issued a $319.00 target price on shares of FTAI Aviation in a report on Friday, May 8th. Weiss Ratings lowered shares of FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 27th. Finally, 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. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, FTAI Aviation currently has a consensus rating of “Moderate Buy” and a consensus target price of $326.88.

FTAI Aviation Stock Performance

Shares of FTAI opened at $276.11 on Monday. The company has a debt-to-equity ratio of 8.00, a current ratio of 5.24 and a quick ratio of 2.48. FTAI Aviation Ltd. has a 1-year low of $108.47 and a 1-year high of $323.51. The stock has a market cap of $28.32 billion, a price-to-earnings ratio of 54.78, a price-to-earnings-growth ratio of 1.11 and a beta of 1.47. The firm has a 50 day simple moving average of $250.69 and a 200-day simple moving average of $244.92.

FTAI Aviation (NASDAQ:FTAI) last posted its earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share (EPS) 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 net margin of 18.92% and a return on equity of 181.43%. The business’s quarterly revenue was up 65.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.87 earnings per share. Equities analysts forecast that FTAI Aviation Ltd. will post 6.77 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Wednesday, May 13th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 13th. FTAI Aviation’s payout ratio is 31.75%.

FTAI Aviation Company Profile

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.