FTAI Aviation Ltd. $FTAI Stock Holdings Increased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 42.1% during the second quarter, HoldingsChannel.com reports. The firm 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.

Several other institutional investors and hedge funds have also modified their holdings of the stock. AQR Capital Management LLC acquired a new position in FTAI Aviation in the 1st quarter worth about $242,000. Cetera Investment Advisers lifted its holdings in shares of FTAI Aviation by 73.3% during the 2nd quarter. Cetera Investment Advisers now owns 5,597 shares of the financial services provider’s stock valued at $644,000 after buying an additional 2,368 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of FTAI Aviation by 23.8% during the 2nd quarter. Invesco Ltd. now owns 417,375 shares of the financial services provider’s stock valued at $48,015,000 after buying an additional 80,341 shares during the last quarter. Amundi grew its stake in shares of FTAI Aviation by 16,560.0% in the 2nd quarter. Amundi now owns 2,499 shares of the financial services provider’s stock valued at $283,000 after buying an additional 2,484 shares in the last quarter. Finally, Jump Financial LLC bought a new stake in shares of FTAI Aviation in the 2nd quarter valued at approximately $2,736,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Aviation Stock Performance

NASDAQ FTAI opened at $180.09 on Friday. The company’s fifty day moving average is $210.04 and its two-hundred day moving average is $239.01. 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 current ratio of 5.28 and a quick ratio of 2.07. The firm has a market capitalization of $18.50 billion, a price-to-earnings ratio of 39.15, a P/E/G ratio of 0.92 and a beta of 1.51.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.19). FTAI Aviation had a net margin of 15.94% and a return on equity of 139.59%. The company had revenue of $953.09 million for the quarter. During the same period in the prior year, the company earned $1.57 earnings per share. The business’s revenue was up 40.9% compared to the same quarter last year. Equities research analysts forecast that FTAI Aviation Ltd. will post 5.48 EPS for the current year.

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Wednesday, August 12th were issued 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 1.1%. FTAI Aviation’s dividend payout ratio is 43.48%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FTAI. BTIG Research cut their price objective 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 cut shares of FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Jefferies Financial Group reissued a “buy” rating and set a $325.00 target price on shares of FTAI Aviation in a research report on Sunday, August 2nd. Citizens Jmp initiated coverage on FTAI Aviation in a research report on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 target price for the company. Finally, Zacks Research lowered shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $320.11.

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 stock was bought at an average price of $201.27 per share, for a total transaction of $498,143.25. Following the transaction, the president owned 199,490 shares of the company’s stock, valued at $40,151,352.30. The trade was a 1.26% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 1.35% of the stock is currently owned by company insiders.

FTAI Aviation Company 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.