Community Trust & Investment Co. Acquires 61,565 Shares of FTAI Aviation Ltd. $FTAI

Key Points

• Community Trust & Investment Co. acquired 61,565 shares of FTAI Aviation during the third quarter, worth approximately $10.3 million. Institutional investors collectively own 88.96% of the company.
• Analysts maintain a generally positive outlook, with eight Buy ratings and two Holds. FTAI has a consensus “Moderate Buy” rating and an average price target of $316.88, despite several recent target reductions.
• FTAI reported quarterly revenue of $953.09 million, up 40.9% year over year, but missed earnings estimates with EPS of $1.13 versus the $1.32 consensus. The company also pays a quarterly dividend of $0.50, equivalent to a 1.2% annual yield.

Community Trust & Investment Co. acquired a new position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 61,565 shares of the financial services provider's stock, valued at approximately $10,283,000. Community Trust & Investment Co. owned 0.06% of FTAI Aviation at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. acquired a new position in shares of FTAI Aviation during the 3rd quarter worth about $6,310,000. LDR Capital Management LLC bought a new position in FTAI Aviation during the third quarter worth $601,000. Generate Investment Management Ltd acquired a new stake in FTAI Aviation during the third quarter worth approximately $16,703,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of FTAI Aviation during the third quarter worth $284,000. Finally, Steel Grove Capital Advisors LLC acquired a new position in shares of FTAI Aviation during the 3rd quarter worth approximately $969,000. 88.96% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at FTAI Aviation

In other FTAI Aviation news, President David Moreno acquired 2,475 shares of the company's stock in a transaction that occurred on Friday, July 31st. The shares were bought at an average cost of $201.27 per share, with a total value of $498,143.25. Following the completion of the transaction, the president directly owned 199,490 shares of the company's stock, valued at approximately $40,151,352.30. This represents a 1.26% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.35% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FTAI. Citizens Jmp assumed coverage on FTAI Aviation in a research note on Wednesday, July 15th. They issued a "market outperform" rating and a $375.00 price target on the stock. Deutsche Bank Aktiengesellschaft set a $290.00 target price on FTAI Aviation in a research report on Friday, July 31st. Royal Bank Of Canada lowered their price target on FTAI Aviation from $350.00 to $300.00 and set an "outperform" rating for the company in a research report on Monday, July 27th. BTIG Research cut their price target on shares of FTAI Aviation from $400.00 to $350.00 and set a "buy" rating on the stock in a report on Tuesday, August 4th. Finally, Barclays lowered their target price on FTAI Aviation from $350.00 to $310.00 and set an "overweight" rating on the stock in a research note on Tuesday, September 15th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, FTAI Aviation presently has a consensus rating of "Moderate Buy" and an average target price of $316.88.

FTAI Aviation Stock Performance

NASDAQ:FTAI opened at $168.56 on Friday. FTAI Aviation Ltd. has a twelve month low of $149.50 and a twelve month high of $323.51. The company has a quick ratio of 2.07, a current ratio of 5.28 and a debt-to-equity ratio of 8.55. The firm's fifty day simple moving average is $189.63 and its 200 day simple moving average is $223.70. The stock has a market cap of $17.31 billion, a P/E ratio of 36.64, a price-to-earnings-growth ratio of 0.81 and a beta of 1.51.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released its earnings results on Wednesday, July 29th. The financial services provider reported $1.13 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. FTAI Aviation had a net margin of 15.94% and a return on equity of 139.59%. The firm's revenue for the quarter was up 40.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.57 EPS. As a group, research analysts predict that FTAI Aviation Ltd. will post 5.48 EPS for the current year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Wednesday, August 12th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Wednesday, August 12th. FTAI Aviation's payout ratio is presently 43.48%.

FTAI Aviation Company Profile

FTAI Aviation Ltd. is an aviation company focused on owning, leasing, and managing commercial aircraft and aircraft engines. The company provides aviation assets to airlines, aircraft leasing companies, maintenance, repair and overhaul providers, and other participants in the global aviation industry.

FTAI Aviation's business includes aircraft and engine leasing, asset management, and the acquisition and sale of aviation equipment. Through its aviation products activities, the company also develops and sells proprietary aerospace products designed to improve engine performance, reliability, and maintenance economics, including solutions associated with the CFM56 engine platform.

The company serves customers across international aviation markets and manages assets used by airlines and operators in multiple regions.

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