Generate Investment Management Ltd Acquires New Holdings in FTAI Aviation Ltd. $FTAI

Key Points

• Generate Investment Management Ltd. acquired 100,000 FTAI Aviation shares worth approximately $16.7 million, while institutional investors collectively owned 88.96% of the company.
• Analysts maintain a “Moderate Buy” consensus, with eight Buy ratings and two Holds and an average price target of $316.88, despite several firms recently lowering their targets.
• FTAI shares fell 1.8% to $163.79 after the company missed quarterly EPS estimates ($1.13 versus $1.32), though revenue rose 40.9% year over year; the company also pays a $0.50 quarterly dividend, yielding about 1.2%.

Generate Investment Management Ltd bought a new stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 100,000 shares of the financial services provider's stock, valued at approximately $16,703,000. Generate Investment Management Ltd owned about 0.10% of FTAI Aviation as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. B. Riley Wealth Advisors Inc. purchased a new position in shares of FTAI Aviation in the 3rd quarter worth $284,000. Steel Grove Capital Advisors LLC purchased a new stake in shares of FTAI Aviation during the 3rd quarter valued at about $969,000. Wealth Science Advisors LLC raised its position in shares of FTAI Aviation by 81.9% during the 3rd quarter. Wealth Science Advisors LLC now owns 2,412 shares of the financial services provider's stock valued at $403,000 after buying an additional 1,086 shares in the last quarter. First Community Trust NA bought a new position in shares of FTAI Aviation in the 3rd quarter valued at about $151,000. Finally, Moody National Bank Trust Division bought a new position in shares of FTAI Aviation in the 3rd quarter valued at about $4,149,000. 88.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FTAI has been the subject of several recent research reports. BTIG Research dropped their price target on FTAI Aviation from $400.00 to $350.00 and set a "buy" rating for the company in a research report on Tuesday, August 4th. Royal Bank Of Canada decreased their price objective on FTAI Aviation from $350.00 to $300.00 and set an "outperform" rating on the stock in a research report on Monday, July 27th. Weiss Ratings lowered FTAI Aviation from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, August 3rd. Morgan Stanley lifted their target price on FTAI Aviation from $319.00 to $360.00 and gave the stock an "overweight" rating in a report on Friday, August 21st. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $325.00 target price on shares of FTAI Aviation in a report on Sunday, August 2nd. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $316.88.

FTAI Aviation Trading Down 1.8%

Shares of FTAI traded down $3.08 during trading hours on Wednesday, reaching $163.79. 810,358 shares of the company traded hands, compared to its average volume of 1,509,849. The firm has a market cap of $16.82 billion, a price-to-earnings ratio of 35.61, a PEG ratio of 0.82 and a beta of 1.51. FTAI Aviation Ltd. has a 12-month low of $149.50 and a 12-month high of $323.51. The company has a current ratio of 5.28, a quick ratio of 2.07 and a debt-to-equity ratio of 8.55. The stock's fifty day moving average price is $191.89 and its 200 day moving average price is $224.74.

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 (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.19). The company had revenue of $953.09 million during the quarter. FTAI Aviation had a net margin of 15.94% and a return on equity of 139.59%. FTAI Aviation's revenue for the quarter was up 40.9% compared to the same quarter last year. During the same period last year, the business posted $1.57 earnings per share. Sell-side analysts forecast that FTAI Aviation Ltd. will post 5.48 earnings per share for the current year.

FTAI Aviation Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 1.2%. FTAI Aviation's dividend payout ratio is 43.48%.

Insider Buying and Selling

In other news, President David Moreno acquired 2,475 shares of FTAI Aviation stock in a transaction on Friday, July 31st. The shares were bought at an average cost of $201.27 per share, for a total transaction of $498,143.25. Following the acquisition, 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 purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.35% of the stock is owned by insiders.

About FTAI Aviation

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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