Verde Servicos Internacionais S.A. grew its stake in FTAI Aviation Ltd. (NASDAQ:FTAI – Free Report) by 27.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,129 shares of the financial services provider’s stock after purchasing an additional 10,597 shares during the period. FTAI Aviation makes up approximately 2.8% of Verde Servicos Internacionais S.A.’s portfolio, making the stock its 17th biggest holding. Verde Servicos Internacionais S.A.’s holdings in FTAI Aviation were worth $8,206,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. purchased a new position in FTAI Aviation in the third quarter worth $576,000. Apollon Wealth Management LLC purchased a new position in shares of FTAI Aviation during the 3rd quarter worth approximately $235,000. Bright Futures Wealth Management LLC. increased its stake in shares of FTAI Aviation by 16.2% during the 3rd quarter. Bright Futures Wealth Management LLC. now owns 1,232 shares of the financial services provider’s stock worth $206,000 after purchasing an additional 172 shares in the last quarter. Signaturefd LLC purchased a new position in shares of FTAI Aviation during the 3rd quarter worth approximately $148,000. Finally, Manchester Capital Management LLC acquired a new position in shares of FTAI Aviation during the 3rd quarter worth approximately $1,962,000. 88.96% of the stock is owned by hedge funds and other institutional investors.
FTAI Aviation Stock Performance
FTAI Aviation stock opened at $158.67 on Wednesday. The stock’s 50-day moving average is $180.37 and its 200-day moving average is $232.96. FTAI Aviation Ltd. has a 12 month low of $146.48 and a 12 month high of $323.51.
FTAI Aviation (NASDAQ:FTAI – Get Free Report) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.19). The firm had revenue of $953.09 million during the quarter. The firm’s revenue for the quarter was up 40.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.57 earnings per share. Sell-side analysts expect that FTAI Aviation Ltd. will post 5.48 EPS for the current year.
Insider Transactions at FTAI Aviation
In other FTAI Aviation news, President David Moreno bought 2,475 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were acquired at an average price of $201.27 per share, with a total value of $498,143.25. Following the purchase, the president owned 199,490 shares in the company, valued at approximately $40,151,352.30. The trade was a 1.26% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.35% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
FTAI has been the topic of several recent analyst reports. Barclays reduced their target price on FTAI Aviation from $350.00 to $310.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 15th. Jefferies Financial Group restated a “buy” rating and issued a $325.00 price target on shares of FTAI Aviation in a report on Sunday, August 2nd. Royal Bank Of Canada dropped their price objective on shares of FTAI Aviation from $350.00 to $300.00 and set an “outperform” rating for the company in a research note on Monday, July 27th. Weiss Ratings lowered shares of FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft set a $290.00 price objective on shares of FTAI Aviation in a report on Friday, July 31st. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $310.62.
Check Out Our Latest Analysis on FTAI
About FTAI Aviation
FTAI Aviation Ltd. is an aviation-focused company that owns, acquires, leases and sells commercial aircraft engines, aircraft and related aviation assets. Its portfolio primarily supports the global narrowbody aircraft market, with a particular focus on widely used engine platforms such as the CFM56 and V2500.
The company provides engine leasing solutions to airlines, aircraft leasing companies and other aviation customers. It also supplies aviation parts and materials and offers maintenance, repair and overhaul-related services.
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