Hartford Funds Management Co LLC Invests $956,000 in FTAI Aviation Ltd. $FTAI

Hartford Funds Management Co LLC purchased a new position in shares of FTAI Aviation Ltd. (NASDAQ:FTAIFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,855 shares of the financial services provider’s stock, valued at approximately $956,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Horizon Corp increased its holdings in shares of 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 buying an additional 182 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of FTAI Aviation by 88.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 485 shares of the financial services provider’s stock worth $95,000 after buying an additional 227 shares during the last quarter. Rossby Financial LCC increased its holdings 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 during the last quarter. Assetmark Inc. increased its holdings in shares of FTAI Aviation by 11.0% during the 3rd quarter. Assetmark Inc. now owns 708 shares of the financial services provider’s stock worth $118,000 after buying an additional 70 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of FTAI Aviation by 41.0% during the 4th quarter. GAMMA Investing LLC now owns 740 shares of the financial services provider’s stock worth $146,000 after buying an additional 215 shares during the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FTAI. Jefferies Financial Group restated a “buy” rating and set a $400.00 price target on shares of FTAI Aviation in a report on Sunday, May 3rd. Zacks Research raised shares of FTAI Aviation from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 22nd. Weiss Ratings raised shares of FTAI Aviation from a “hold (c+)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. BTIG Research raised their price target on shares of FTAI Aviation from $335.00 to $340.00 and gave the company a “buy” rating in a research report on Friday, March 13th. Finally, Barclays raised their price target on shares of FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $326.88.

Check Out Our Latest Research Report on FTAI Aviation

Insider Activity

In other news, Director Martin Tuchman sold 67,500 shares of FTAI Aviation stock in a transaction 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 of the company’s stock, valued at approximately $50,936,717.09. The trade was a 24.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 254,260 shares of company stock worth $61,534,703. 1.35% of the stock is currently owned by insiders.

FTAI Aviation Stock Performance

Shares of FTAI stock opened at $230.60 on Tuesday. The company has a quick ratio of 2.48, a current ratio of 5.24 and a debt-to-equity ratio of 8.00. FTAI Aviation Ltd. has a 52 week low of $108.47 and a 52 week high of $323.51. The stock has a market capitalization of $23.65 billion, a PE ratio of 45.75, a P/E/G ratio of 0.96 and a beta of 1.49. The firm has a 50 day moving average of $248.32 and a two-hundred day moving average of $230.37.

FTAI Aviation (NASDAQ:FTAIGet Free Report) last issued its quarterly earnings results 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). FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. The business had revenue of $830.70 million during the quarter. During the same period in the previous year, the company earned $0.87 earnings per share. The firm’s revenue for the quarter was up 65.4% compared to the same quarter last year. On average, research analysts predict that FTAI Aviation Ltd. will post 6.77 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

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

FTAI Aviation Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for FTAI Aviation (NASDAQ:FTAI)

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