5,800 Shares of FTAI Aviation Ltd. $FTAI Purchased by Steel Grove Capital Advisors LLC

Steel Grove Capital Advisors LLC purchased a new stake in FTAI Aviation Ltd. (NASDAQ:FTAI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,800 shares of the financial services provider’s stock, valued at approximately $969,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FTAI. SJS Investment Consulting Inc. lifted its holdings in FTAI Aviation by 122.9% in the first quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 59 shares during the period. Meeder Asset Management Inc. boosted its holdings in FTAI Aviation by 142.2% during the first quarter. Meeder Asset Management Inc. now owns 109 shares of the financial services provider’s stock worth $27,000 after buying an additional 64 shares in the last quarter. Ancora Advisors LLC acquired a new position in FTAI Aviation during the second quarter worth about $32,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in FTAI Aviation during the second quarter worth about $37,000. Finally, MassMutual Private Wealth & Trust FSB acquired a new position in FTAI Aviation during the third quarter worth about $25,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

Insider Buying and Selling at FTAI Aviation

In related news, President David Moreno acquired 2,475 shares of FTAI Aviation stock in a transaction dated Friday, July 31st. The shares were acquired at an average cost of $201.27 per share, for a total transaction of $498,143.25. Following the completion of the transaction, the president directly 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.35% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Royal Bank Of Canada dropped their target price 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. Barclays decreased their price target on FTAI Aviation from $350.00 to $310.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 15th. Citizens Jmp began coverage on FTAI Aviation in a report on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 price target on the stock. BTIG Research dropped their price objective on FTAI Aviation from $400.00 to $350.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Finally, Weiss Ratings downgraded FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $316.88.

FTAI Aviation Price Performance

Shares of FTAI traded up $0.56 during mid-day trading on Tuesday, reaching $166.09. 1,740,838 shares of the company’s stock were exchanged, compared to its average volume of 1,505,655. The company has a quick ratio of 2.07, a current ratio of 5.28 and a debt-to-equity ratio of 8.55. The company has a 50-day simple moving average of $192.99 and a two-hundred day simple moving average of $225.30. FTAI Aviation Ltd. has a 52-week low of $149.50 and a 52-week high of $323.51. The company has a market cap of $17.06 billion, a price-to-earnings ratio of 36.11, a PEG ratio of 0.85 and a beta of 1.51.

FTAI Aviation (NASDAQ:FTAI) last issued 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). 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 in the prior year, the company earned $1.57 EPS. FTAI Aviation’s revenue was up 40.9% on a year-over-year basis. On average, sell-side analysts predict that FTAI Aviation Ltd. will post 5.48 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Wednesday, August 12th were given 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 (DPR) is presently 43.48%.

FTAI Aviation Company Profile

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.