FTAI Aviation Ltd. $FTAI Stock Position Cut by Baillie Gifford & Co.

Key Points

• Baillie Gifford trimmed its Q4 stake in FTAI Aviation by 5.8%, selling 141,369 shares and now holds 2,286,363 shares (2.23% of the company) worth about $450.07 million.
• Analyst sentiment is largely positive—11 Buys and 1 Hold yield a consensus "Moderate Buy" with an average price target of $295.78, and several firms (e.g., Morgan Stanley, BTIG) recently raised targets.
• FTAI missed the latest quarter (EPS $1.08 vs. $1.22 expected; revenue $662.0M vs. $710.4M) despite 32.7% YoY revenue growth; the company has a $25.79B market cap, a P/E of 54.42, and pays a $0.40 quarterly dividend (~0.6% yield).

Baillie Gifford & Co. lessened its stake in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 5.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,286,363 shares of the financial services provider's stock after selling 141,369 shares during the period. Baillie Gifford & Co. owned 2.23% of FTAI Aviation worth $450,071,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Capital World Investors boosted its holdings in shares of FTAI Aviation by 17.3% during the third quarter. Capital World Investors now owns 6,320,565 shares of the financial services provider's stock worth $1,054,649,000 after purchasing an additional 933,944 shares during the period. Northern Right Capital Management L.P. boosted its stake in FTAI Aviation by 884.1% during the second quarter. Northern Right Capital Management L.P. now owns 885,675 shares of the financial services provider's stock worth $101,888,000 after buying an additional 795,675 shares in the last quarter. Rubric Capital Management LP boosted its stake in FTAI Aviation by 28.3% during the second quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider's stock worth $390,455,000 after buying an additional 749,080 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of FTAI Aviation by 396.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 831,414 shares of the financial services provider's stock valued at $138,730,000 after purchasing an additional 664,037 shares in the last quarter. Finally, Oaktree Capital Management LP acquired a new stake in shares of FTAI Aviation in the 3rd quarter valued at $97,642,000. 88.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FTAI has been the subject of several recent research reports. Weiss Ratings raised FTAI Aviation from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, March 16th. Wolfe Research reiterated an "outperform" rating and issued a $225.00 price objective on shares of FTAI Aviation in a research report on Wednesday, December 31st. Zacks Research raised FTAI Aviation from a "strong sell" rating to a "hold" rating in a research report on Friday, January 9th. Morgan Stanley upped their price target on FTAI Aviation from $266.00 to $293.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 24th. Finally, BTIG Research upped 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. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $295.78.

FTAI Aviation Price Performance

FTAI stock opened at $251.42 on Monday. The stock has a market capitalization of $25.79 billion, a price-to-earnings ratio of 54.42, a PEG ratio of 0.95 and a beta of 1.59. FTAI Aviation Ltd. has a fifty-two week low of $85.23 and a fifty-two week high of $323.51. The company has a debt-to-equity ratio of 10.32, a current ratio of 5.28 and a quick ratio of 2.30. The business's fifty day moving average price is $263.66 and its two-hundred day moving average price is $216.95.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released its earnings results on Wednesday, February 25th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.14). The company had revenue of $662.03 million for the quarter, compared to analyst estimates of $710.37 million. FTAI Aviation had a return on equity of 257.07% and a net margin of 19.98%.The business's revenue for the quarter was up 32.7% compared to the same quarter last year. During the same period last year, the company posted $0.84 earnings per share. On average, equities analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Friday, March 13th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.6%. FTAI Aviation's dividend payout ratio is 34.63%.

About FTAI Aviation

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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