FTAI Aviation Ltd. $FTAI Shares Purchased by Sequoia Financial Advisors LLC

Key Points

• Sequoia Financial Advisors increased its FTAI Aviation stake by 42.1% in the second quarter, bringing its holdings to 33,697 shares valued at approximately $9.1 million. Institutional investors collectively own 88.96% of the company.
• FTAI reported quarterly revenue of $953.1 million, up 40.9% year over year, but earnings of $1.13 per share fell short of the $1.32 consensus estimate. The company maintains a quarterly dividend of $0.50, or $2.00 annually, yielding about 1.1%.
• Analysts remain generally positive, with nine Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $320.11, well above the reported share price of $180.09.

Sequoia Financial Advisors LLC raised its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 42.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,697 shares of the financial services provider's stock after acquiring an additional 9,976 shares during the period. Sequoia Financial Advisors LLC's holdings in FTAI Aviation were worth $9,116,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in FTAI. SJS Investment Consulting Inc. increased 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. lifted its holdings in FTAI Aviation by 142.2% in the first quarter. Meeder Asset Management Inc. now owns 109 shares of the financial services provider's stock worth $27,000 after purchasing an additional 64 shares during the period. Garton & Associates Financial Advisors LLC acquired a new stake in FTAI Aviation in the fourth quarter worth about $30,000. Ancora Advisors LLC bought a new position in FTAI Aviation in the 2nd quarter valued at about $32,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in FTAI Aviation in the 2nd quarter valued at about $37,000. Institutional investors and hedge funds own 88.96% of the company's stock.

FTAI Aviation Price Performance

NASDAQ FTAI opened at $180.09 on Friday. FTAI Aviation Ltd. has a 1 year low of $149.50 and a 1 year high of $323.51. The business's fifty day moving average is $210.04 and its two-hundred day moving average is $239.01. The stock has a market capitalization of $18.50 billion, a P/E ratio of 39.15, a P/E/G ratio of 0.92 and a beta of 1.51. The company has a debt-to-equity ratio of 8.55, a quick ratio of 2.07 and a current ratio of 5.28.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.19). The company had revenue of $953.09 million for the quarter. FTAI Aviation had a return on equity of 139.59% and a net margin of 15.94%.The firm's quarterly revenue was up 40.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.57 earnings per share. On average, research analysts forecast that FTAI Aviation Ltd. will post 5.48 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Wednesday, August 12th were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $2.00 dividend on an annualized basis and a yield of 1.1%. FTAI Aviation's dividend payout ratio (DPR) is currently 43.48%.

Insider Transactions at FTAI Aviation

In other news, President David Moreno acquired 2,475 shares of FTAI Aviation stock in a transaction on Friday, July 31st. The stock was bought at an average cost of $201.27 per share, with a total value of $498,143.25. Following the completion of the purchase, the president owned 199,490 shares of the company's stock, valued at $40,151,352.30. This represents a 1.26% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.35% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on FTAI. Jefferies Financial Group restated a "buy" rating and set a $325.00 price target on shares of FTAI Aviation in a research report on Sunday, August 2nd. BTIG Research decreased their price objective on shares of FTAI Aviation from $400.00 to $350.00 and set a "buy" rating for the company in a report on Tuesday, August 4th. 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. Deutsche Bank Aktiengesellschaft set a $290.00 target price on FTAI Aviation in a report on Friday, July 31st. Finally, Morgan Stanley upped their target price on FTAI Aviation from $319.00 to $360.00 and gave the stock an "overweight" rating in a research report on Friday, August 21st. Nine equities 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.com, FTAI Aviation currently has a consensus rating of "Moderate Buy" and an average target price of $320.11.

FTAI Aviation Profile

FTAI Aviation Ltd. NASDAQ: FTAI is an aviation asset owner and lessor focused on commercial aircraft engines and related aviation equipment. The company primarily acquires, leases and manages aircraft engines, with a particular emphasis on CFM56 engines, which power many Airbus A320-family and Boeing 737 Next Generation aircraft.

In addition to engine leasing, FTAI Aviation owns and leases commercial aircraft and provides aviation aftermarket services. Its activities include engine disassembly, maintenance, repair and overhaul, as well as the sale of engine components and other aircraft parts.

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