FTAI Aviation Ltd. $FTAI Holdings Raised by Capital Group Investment Management PTE. LTD.

Key Points

• Capital Group Investment Management PTE. LTD. increased its FTAI Aviation stake by 67.8% in the fourth quarter, bringing its holdings to 17,254 shares worth about $3.4 million.
• Insiders sold shares over the past 90 days, including director Martin Tuchman’s large sale; total insider sales reached 254,515 shares valued at about $61.6 million.
• FTAI Aviation reported Q1 earnings of $1.29 per share, missing analyst estimates, even as revenue rose 65.4% year over year to $830.7 million. The stock was also down 6.4% and the company recently paid a quarterly dividend of $0.45 per share.

Capital Group Investment Management PTE. LTD. grew its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 67.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,254 shares of the financial services provider's stock after purchasing an additional 6,971 shares during the period. Capital Group Investment Management PTE. LTD.'s holdings in FTAI Aviation were worth $3,396,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Rossby Financial LCC lifted its holdings in shares of FTAI Aviation by 13.6% during the third quarter. Rossby Financial LCC now owns 543 shares of the financial services provider's stock valued at $94,000 after purchasing an additional 65 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of FTAI Aviation by 11.0% during the third quarter. Assetmark Inc. now owns 708 shares of the financial services provider's stock valued at $118,000 after purchasing an additional 70 shares during the last quarter. Diversify Advisory Services LLC lifted its holdings in shares of FTAI Aviation by 0.8% during the fourth quarter. Diversify Advisory Services LLC now owns 10,051 shares of the financial services provider's stock valued at $1,979,000 after purchasing an additional 80 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of FTAI Aviation by 7.6% during the third quarter. Allworth Financial LP now owns 1,504 shares of the financial services provider's stock valued at $251,000 after purchasing an additional 106 shares during the last quarter. Finally, SLT Holdings LLC lifted its stake in FTAI Aviation by 6.7% in the 4th quarter. SLT Holdings LLC now owns 2,375 shares of the financial services provider's stock worth $468,000 after acquiring an additional 150 shares in the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at FTAI Aviation

In other news, Director Judith A. Hannaway sold 255 shares of the firm's stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total transaction of $64,741.95. Following the completion of the sale, the director directly owned 3,012 shares of the company's stock, valued at $764,716.68. This trade represents a 7.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Martin Tuchman sold 67,500 shares of the firm's stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $241.99, for a total value of $16,334,325.00. Following the sale, the director directly owned 210,491 shares of the company's stock, valued at $50,936,717.09. This trade represents a 24.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 254,515 shares of company stock valued at $61,599,445 over the last ninety days. Company insiders own 1.35% of the company's stock.

FTAI Aviation Stock Down 6.4%

Shares of FTAI Aviation stock opened at $234.05 on Friday. The stock has a 50-day moving average price of $248.70 and a 200 day moving average price of $238.06. The company has a market cap of $24.01 billion, a P/E ratio of 46.44, a P/E/G ratio of 0.94 and a beta of 1.47. The company has a current ratio of 5.24, a quick ratio of 2.48 and a debt-to-equity ratio of 8.00. FTAI Aviation Ltd. has a 1 year low of $108.47 and a 1 year high of $323.51.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share for the quarter, missing analysts' consensus estimates of $1.61 by ($0.32). FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The firm had revenue of $830.70 million for the quarter. During the same period in the previous year, the business earned $0.87 earnings per share. FTAI Aviation's quarterly revenue was up 65.4% on a year-over-year basis. As a group, analysts expect that FTAI Aviation Ltd. will post 6.77 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Wednesday, May 13th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. FTAI Aviation's dividend payout ratio (DPR) is 31.75%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Weiss Ratings downgraded FTAI Aviation from a "buy (b)" rating to a "buy (b-)" rating in a research note on Wednesday, May 27th. BTIG Research increased their price objective on FTAI Aviation from $335.00 to $340.00 and gave the stock a "buy" rating in a research note on Friday, March 13th. Barclays increased their price objective on FTAI Aviation from $260.00 to $350.00 and gave the stock an "overweight" rating in a research note on Friday, February 27th. Zacks Research downgraded FTAI Aviation from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 21st. Finally, Jefferies Financial Group reissued a "buy" rating and issued a $400.00 price objective on shares of FTAI Aviation in a research note on Sunday, May 3rd. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $326.88.

FTAI Aviation Profile

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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