FTAI Aviation Ltd. $FTAI Shares Newly Purchased by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management purchased 37,780 FTAI Aviation shares worth approximately $6.31 million during the third quarter. Institutional investors and hedge funds collectively own 88.96% of the company.
• Analysts maintain a generally positive outlook, with eight Buy ratings and two Holds; the consensus rating is “Moderate Buy,” with an average price target of $310.62 despite several target-price reductions.
• FTAI Aviation shares opened at $157.95, down 3.3%, after the company reported quarterly EPS of $1.13—below the $1.32 consensus estimate—while revenue increased 40.9% year over year to $953.09 million.

Assenagon Asset Management S.A. bought a new stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 37,780 shares of the financial services provider's stock, valued at approximately $6,310,000.

Several other large investors have also added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB acquired a new stake in FTAI Aviation in the third quarter worth $25,000. SJS Investment Consulting Inc. raised its holdings in shares of FTAI Aviation by 122.9% during the first quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 59 shares during the period. Meeder Asset Management Inc. raised its holdings in shares of FTAI Aviation by 142.2% during the first quarter. Meeder Asset Management Inc. now owns 109 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 64 shares during the period. Ancora Advisors LLC bought a new position in shares of FTAI Aviation during the 2nd quarter worth about $32,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of FTAI Aviation during the 2nd quarter worth about $37,000. Institutional investors and hedge funds own 88.96% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on FTAI. BTIG Research decreased their price objective on FTAI Aviation from $400.00 to $350.00 and set a "buy" rating for the company in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft set a $290.00 target price on FTAI Aviation in a report on Friday, July 31st. Barclays reduced their price target on shares of FTAI Aviation from $350.00 to $310.00 and set an "overweight" rating for the company in a research report on Tuesday, September 15th. Royal Bank Of Canada reduced their price target on shares of FTAI Aviation from $350.00 to $300.00 and set an "outperform" rating for the company in a research report on Monday, July 27th. Finally, Weiss Ratings lowered shares of FTAI Aviation from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, August 3rd. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $310.62.

FTAI Aviation Trading Down 3.3%

NASDAQ:FTAI opened at $157.95 on Wednesday. The company has a debt-to-equity ratio of 8.55, a quick ratio of 2.07 and a current ratio of 5.28. The firm has a market cap of $16.22 billion, a price-to-earnings ratio of 34.34, a price-to-earnings-growth ratio of 0.81 and a beta of 1.51. FTAI Aviation Ltd. has a 52 week low of $149.50 and a 52 week high of $323.51. The firm has a 50-day moving average price of $186.21 and a two-hundred day moving average price of $222.03.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last issued its quarterly 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). FTAI Aviation had a net margin of 15.94% and a return on equity of 139.59%. The business had revenue of $953.09 million for the quarter. During the same period last year, the firm earned $1.57 earnings per share. The company's revenue was up 40.9% compared to the same quarter last year. On average, equities analysts expect that FTAI Aviation Ltd. will post 5.48 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently declared 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 dividend yield of 1.3%. The ex-dividend date of this dividend was Wednesday, August 12th. FTAI Aviation's payout ratio is 43.48%.

Insiders Place Their Bets

In related news, President David Moreno purchased 2,475 shares of FTAI Aviation stock in a transaction that occurred on Friday, July 31st. The stock was bought at an average price of $201.27 per share, for a total transaction of $498,143.25. Following the completion of the transaction, the president owned 199,490 shares in the company, valued at $40,151,352.30. This represents a 1.26% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.35% of the company's stock.

FTAI Aviation Profile

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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