4,697 Shares in FTAI Aviation Ltd. $FTAI Acquired by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd purchased a new position in FTAI Aviation Ltd. (NASDAQ:FTAI) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 4,697 shares of the financial services provider’s stock, valued at approximately $1,151,000.

Other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC bought a new position in shares of FTAI Aviation in the 1st quarter worth $242,000. Cetera Investment Advisers increased its stake in 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 purchasing an additional 2,368 shares in the last quarter. Invesco Ltd. increased its stake in 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 purchasing an additional 80,341 shares in the last quarter. Amundi raised its holdings in FTAI Aviation by 16,560.0% during the second quarter. Amundi now owns 2,499 shares of the financial services provider’s stock worth $283,000 after buying an additional 2,484 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in FTAI Aviation during the second quarter worth $2,736,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

FTAI Aviation Price Performance

Shares of NASDAQ:FTAI opened at $225.15 on Tuesday. The company has a current ratio of 5.24, a quick ratio of 2.48 and a debt-to-equity ratio of 8.00. The stock has a market cap of $23.10 billion, a PE ratio of 48.95, a price-to-earnings-growth ratio of 0.83 and a beta of 1.51. The stock’s fifty day simple moving average is $238.25 and its two-hundred day simple moving average is $253.18. FTAI Aviation Ltd. has a 1-year low of $134.49 and a 1-year high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last posted 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 146.23% and a net margin of 15.94%.FTAI Aviation’s quarterly revenue was up 40.9% on a year-over-year basis. During the same period last year, the firm posted $1.57 EPS. As a group, analysts forecast that FTAI Aviation Ltd. will post 6.77 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently declared a dividend, which will be paid on Monday, August 24th. Investors of record on Wednesday, August 12th will be issued a dividend of $0.50 per share. The ex-dividend date is Wednesday, August 12th. FTAI Aviation’s payout ratio is 34.78%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Royal Bank Of Canada reduced their price objective on shares of FTAI Aviation from $350.00 to $300.00 and set an “outperform” rating for the company in a report on Monday, July 27th. Deutsche Bank Aktiengesellschaft set a $290.00 target price on shares of FTAI Aviation in a report on Friday. Citizens Jmp started coverage on shares of FTAI Aviation in a research report on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 price target on the stock. Weiss Ratings upgraded FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. Finally, Zacks Research lowered FTAI Aviation from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $321.11.

Insider Transactions at FTAI Aviation

In other news, President David Moreno acquired 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, with a total value of $498,143.25. Following the transaction, the president owned 199,490 shares of the company’s stock, valued at approximately $40,151,352.30. This trade represents a 1.26% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Judith A. Hannaway sold 255 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $253.89, for a total transaction of $64,741.95. Following the completion of the sale, the director owned 3,012 shares of the company’s stock, valued at approximately $764,716.68. This trade represents a 7.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.35% of the company’s stock.

FTAI Aviation Company Profile

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.