Cannell & Spears LLC raised its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI – Free Report) by 22.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 351,133 shares of the financial services provider’s stock after buying an additional 65,068 shares during the period. FTAI Aviation accounts for about 1.7% of Cannell & Spears LLC’s portfolio, making the stock its 14th largest holding. Cannell & Spears LLC’s holdings in FTAI Aviation were worth $85,539,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FTAI. SJS Investment Consulting Inc. boosted its stake in shares of FTAI Aviation by 122.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after buying an additional 59 shares during the last quarter. Meeder Asset Management Inc. increased its position in shares of FTAI Aviation by 142.2% in the first quarter. Meeder Asset Management Inc. now owns 109 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 64 shares during the last quarter. Garton & Associates Financial Advisors LLC bought a new stake in FTAI Aviation during the fourth quarter worth about $30,000. Root Financial Partners LLC boosted its position in FTAI Aviation by 40.9% during the first quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 45 shares during the last quarter. Finally, Greenline Wealth Management LLC bought a new position in FTAI Aviation in the fourth quarter valued at approximately $50,000. 88.96% of the stock is owned by institutional investors.
FTAI Aviation Trading Down 0.4%
Shares of FTAI Aviation stock opened at $215.98 on Friday. The company has a debt-to-equity ratio of 8.00, a current ratio of 5.24 and a quick ratio of 2.48. The business has a fifty day simple moving average of $242.09 and a two-hundred day simple moving average of $254.46. FTAI Aviation Ltd. has a 1 year low of $110.76 and a 1 year high of $323.51. The company has a market capitalization of $22.16 billion, a price-to-earnings ratio of 42.85, a P/E/G ratio of 0.87 and a beta of 1.46.
FTAI Aviation Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Wednesday, May 13th were paid a $0.45 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $1.80 dividend on an annualized basis and a yield of 0.8%. FTAI Aviation’s dividend payout ratio is 31.75%.
Insider Activity
In other FTAI Aviation news, Director Judith A. Hannaway sold 255 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $253.89, for a total value of $64,741.95. Following the transaction, the director directly owned 3,012 shares of the company’s stock, valued at $764,716.68. This represents a 7.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Martin Tuchman sold 143,584 shares of the firm’s stock in a transaction that occurred on 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 sale, the director owned 236,302 shares of the company’s stock, valued at $57,289,056.88. This trade represents a 37.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 254,515 shares of company stock worth $61,599,445. Insiders own 1.35% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on FTAI. Zacks Research cut FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Jefferies Financial Group restated a “buy” rating and set a $400.00 target price on shares of FTAI Aviation in a report on Sunday, May 3rd. Weiss Ratings raised shares of FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. Citizens Jmp began coverage on shares of FTAI Aviation in a research report on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 price objective for the company. Finally, Morgan Stanley restated an “overweight” rating and set a $319.00 price objective on shares of FTAI Aviation in a research note on Friday, May 8th. Ten 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $340.62.
View Our Latest Stock Analysis on FTAI Aviation
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.
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