Envestnet Asset Management Inc. Decreases Stock Position in FTAI Aviation Ltd. (NASDAQ:FTAI)

Key Points

• Envestnet Asset Management Inc. reduced its stake in FTAI Aviation Ltd. by 29.3%, selling 11,313 shares during the first quarter, leaving them with a total of 27,285 shares valued at approximately $3,029,000.
• FTAI Aviation's earnings report showed a missed consensus estimate, with earnings per share of $0.87 compared to an expected $0.95, despite a 53.7% increase in quarterly revenue year-over-year.
• The company recently declared a quarterly dividend of $0.30 per share, indicating an annualized yield of 1.02% with a notably high dividend payout ratio of 571.43%.

Envestnet Asset Management Inc. decreased its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 29.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,285 shares of the financial services provider's stock after selling 11,313 shares during the quarter. Envestnet Asset Management Inc.'s holdings in FTAI Aviation were worth $3,029,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of FTAI. Versant Capital Management Inc raised its stake in shares of FTAI Aviation by 420.9% during the 1st quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock worth $25,000 after purchasing an additional 181 shares in the last quarter. Virtus Fund Advisers LLC acquired a new stake in shares of FTAI Aviation during the 4th quarter worth approximately $26,000. Transce3nd LLC acquired a new stake in shares of FTAI Aviation during the 4th quarter worth approximately $29,000. Kapitalo Investimentos Ltda acquired a new stake in FTAI Aviation in the 4th quarter valued at $30,000. Finally, Rakuten Securities Inc. acquired a new stake in FTAI Aviation in the 1st quarter valued at $34,000. Institutional investors own 88.96% of the company's stock.

Insider Transactions at FTAI Aviation

In related news, insider Stacy Kuperus acquired 1,087 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were purchased at an average price of $92.90 per share, for a total transaction of $100,982.30. Following the completion of the acquisition, the insider owned 88,423 shares in the company, valued at approximately $8,214,496.70. This represents a 1.24% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CEO Joseph P. Jr. Adams bought 3,000 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was acquired at an average cost of $94.54 per share, for a total transaction of $283,620.00. Following the completion of the purchase, the chief executive officer directly owned 341,852 shares of the company's stock, valued at $32,318,688.08. The trade was a 0.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 10,667 shares of company stock worth $1,008,715. Company insiders own 1.30% of the company's stock.

Analyst Ratings Changes

FTAI has been the subject of a number of recent research reports. Morgan Stanley dropped their target price on FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Citizens Jmp raised FTAI Aviation to a "strong-buy" rating in a research note on Thursday, May 8th. Citigroup reissued a "buy" rating on shares of FTAI Aviation in a research note on Thursday, July 10th. Wall Street Zen raised FTAI Aviation to a "sell" rating in a research note on Wednesday, April 23rd. Finally, Royal Bank Of Canada decreased their target price on FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $171.83.

FTAI Aviation Stock Performance

NASDAQ FTAI traded down $3.19 on Thursday, hitting $141.27. 842,925 shares of the stock traded hands, compared to its average volume of 2,378,354. The business's fifty day moving average is $119.05 and its two-hundred day moving average is $112.77. FTAI Aviation Ltd. has a 12 month low of $75.06 and a 12 month high of $181.64. The firm has a market capitalization of $14.49 billion, a price-to-earnings ratio of 34.97 and a beta of 1.62.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.33 by $0.24. FTAI Aviation had a return on equity of 601.23% and a net margin of 21.31%. The company had revenue of $676.24 million for the quarter, compared to the consensus estimate of $754.75 million. During the same quarter last year, the business posted ($2.26) earnings per share. The firm's revenue was up 52.4% compared to the same quarter last year. Analysts expect that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Company Profile

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.