FTAI Aviation Ltd. $FTAI Stock: Fortitude Advisory Group L.L.C. Lowers Stake

Key Points

• Fortitude Advisory Group cut its FTAI Aviation stake by 47.3% in the third quarter, selling 7,416 shares and retaining 8,262 shares valued at approximately $1.38 million. Institutional investors collectively own 88.96% of the company.
• FTAI Aviation’s president, David Moreno, purchased 2,475 shares for roughly $498,000, increasing his direct ownership by 1.26%. Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $316.88 price target.
• The company reported quarterly EPS of $1.13, below the $1.32 consensus estimate, although revenue rose 40.9% year over year to $953.09 million. FTAI also declared a quarterly dividend of $0.50 per share, equivalent to a 1.2% yield.

Fortitude Advisory Group L.L.C. cut its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 47.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,262 shares of the financial services provider's stock after selling 7,416 shares during the quarter. Fortitude Advisory Group L.L.C.'s holdings in FTAI Aviation were worth $1,380,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Root Financial Partners LLC lifted its position in FTAI Aviation by 40.9% during the first quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 45 shares during the last quarter. SJS Investment Consulting Inc. grew its stake in shares of FTAI Aviation by 122.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider's stock worth $26,000 after buying an additional 59 shares in the last quarter. Compound Planning Inc. grew its stake in shares of FTAI Aviation by 2.7% in the 1st quarter. Compound Planning Inc. now owns 2,287 shares of the financial services provider's stock worth $560,000 after buying an additional 60 shares in the last quarter. Meeder Asset Management Inc. grew its stake in shares of FTAI Aviation by 142.2% in the 1st quarter. Meeder Asset Management Inc. now owns 109 shares of the financial services provider's stock worth $27,000 after buying an additional 64 shares in the last quarter. Finally, Abel Hall LLC increased its holdings in shares of FTAI Aviation by 6.2% in the 1st quarter. Abel Hall LLC now owns 1,362 shares of the financial services provider's stock worth $334,000 after buying an additional 79 shares during the last quarter. Institutional investors own 88.96% of the company's stock.

Insider Buying and Selling

In other news, President David Moreno acquired 2,475 shares of FTAI Aviation 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 transaction, the president directly owned 199,490 shares of the company's stock, valued at $40,151,352.30. This trade represents a 1.26% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.35% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Jefferies Financial Group restated a "buy" rating and issued a $325.00 target price on shares of FTAI Aviation in a report on Sunday, August 2nd. BTIG Research lowered their price target 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. Deutsche Bank Aktiengesellschaft set a $290.00 price target on FTAI Aviation in a research report on Friday, July 31st. Citizens Jmp initiated coverage on FTAI Aviation in a research report on Wednesday, July 15th. They issued a "market outperform" rating and a $375.00 price target for the company. Finally, Weiss Ratings cut 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $316.88.

FTAI Aviation Trading Up 3.3%

FTAI stock 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 stock has a market capitalization of $17.31 billion, a price-to-earnings ratio of 36.64, a price-to-earnings-growth ratio of 0.81 and a beta of 1.51. 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 two-hundred day simple moving average is $223.70.

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

FTAI Aviation Announces Dividend

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

FTAI Aviation 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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