Weybosset Research & Management LLC Makes New Investment in FTAI Aviation Ltd. $FTAI

Key Points

• Weybosset Research & Management bought 120,256 FTAI Aviation shares worth approximately $20.1 million, making the position 5.8% of its portfolio and its fourth-largest holding. Institutional investors collectively own 88.96% of the company.
• Analysts maintain a generally positive outlook, with eight Buy ratings and two Holds; FTAI has a consensus “Moderate Buy” rating and an average price target of $310.62, despite several recent target-price reductions.
• FTAI reported quarterly EPS of $1.13, below the $1.32 consensus estimate, while revenue rose 40.9% year over year to $953.09 million. The company also pays a quarterly dividend of $0.50 per share, or $2.00 annualized.

Weybosset Research & Management LLC purchased a new stake in 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 purchased 120,256 shares of the financial services provider's stock, valued at approximately $20,086,000. FTAI Aviation comprises approximately 5.8% of Weybosset Research & Management LLC's portfolio, making the stock its 4th largest holding. Weybosset Research & Management LLC owned 0.12% of FTAI Aviation as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of FTAI. IFP Advisors Inc raised its position in FTAI Aviation by 15.3% in the third quarter. IFP Advisors Inc now owns 740 shares of the financial services provider's stock valued at $124,000 after purchasing an additional 98 shares during the last quarter. Community Trust & Investment Co. bought a new stake in shares of FTAI Aviation during the third quarter worth about $10,283,000. Assenagon Asset Management S.A. bought a new stake in shares of FTAI Aviation during the third quarter worth about $6,310,000. LDR Capital Management LLC bought a new stake in shares of FTAI Aviation during the third quarter worth about $601,000. Finally, Generate Investment Management Ltd acquired a new position in shares of FTAI Aviation in the third quarter valued at approximately $16,703,000. Institutional investors and hedge funds own 88.96% of the company's stock.

Wall Street Analysts Forecast Growth

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

FTAI Aviation Price Performance

Shares of FTAI opened at $164.46 on Monday. FTAI Aviation Ltd. has a 52-week low of $149.50 and a 52-week high of $323.51. The company has a debt-to-equity ratio of 8.55, a quick ratio of 2.07 and a current ratio of 5.28. The business's 50 day moving average price is $188.59 and its two-hundred day moving average price is $223.25. The firm has a market cap of $16.89 billion, a PE ratio of 35.75, a price-to-earnings-growth ratio of 0.82 and a beta of 1.51.

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

FTAI Aviation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Wednesday, August 12th were paid a dividend of $0.50 per share. 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 currently 43.48%.

Insider Buying and Selling

In related news, President David Moreno purchased 2,475 shares of FTAI Aviation stock in a transaction on Friday, July 31st. The stock was acquired at an average cost of $201.27 per share, for a total transaction of $498,143.25. Following the completion of the acquisition, the president 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 can be accessed through this link. Insiders own 1.35% of the company's stock.

About FTAI Aviation

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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