Diversified Trust Co Sells 2,066 Shares of FTAI Aviation Ltd. $FTAI

Diversified Trust Co reduced its position in FTAI Aviation Ltd. (NASDAQ:FTAI) by 9.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,407 shares of the financial services provider’s stock after selling 2,066 shares during the quarter. Diversified Trust Co’s holdings in FTAI Aviation were worth $5,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. M&T Bank Corp lifted its holdings in FTAI Aviation by 323.6% during the fourth quarter. M&T Bank Corp now owns 16,112 shares of the financial services provider’s stock valued at $3,172,000 after purchasing an additional 12,308 shares during the last quarter. JPMorgan Chase & Co. boosted its position in FTAI Aviation by 396.7% during the third quarter. JPMorgan Chase & Co. now owns 831,414 shares of the financial services provider’s stock worth $138,730,000 after purchasing an additional 664,037 shares during the period. Trek Financial LLC purchased a new position in shares of FTAI Aviation in the fourth quarter worth about $3,936,000. Teachers Retirement System of The State of Kentucky increased its stake in shares of FTAI Aviation by 21.4% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 65,030 shares of the financial services provider’s stock worth $10,851,000 after purchasing an additional 11,457 shares in the last quarter. Finally, Oaktree Capital Management LP purchased a new position in shares of FTAI Aviation in the third quarter worth about $97,642,000. 88.96% of the stock is currently owned by institutional investors.

Insider Activity at FTAI Aviation

In other news, Director Martin Tuchman sold 67,500 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $241.99, for a total value of $16,334,325.00. Following the transaction, the director owned 210,491 shares of the company’s stock, valued at approximately $50,936,717.09. This represents a 24.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Judith A. Hannaway sold 255 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total transaction of $64,741.95. Following the completion of the transaction, the director directly owned 3,012 shares in the company, valued at approximately $764,716.68. The trade was a 7.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 254,515 shares of company stock worth $61,599,445 over the last quarter. Corporate insiders own 1.35% of the company’s stock.

FTAI Aviation Stock Performance

Shares of FTAI opened at $276.11 on Friday. FTAI Aviation Ltd. has a twelve month low of $108.47 and a twelve month high of $323.51. The stock has a market cap of $28.32 billion, a PE ratio of 54.78, a P/E/G ratio of 1.11 and a beta of 1.47. The company has a quick ratio of 2.48, a current ratio of 5.24 and a debt-to-equity ratio of 8.00. The business’s 50-day moving average price is $250.69 and its 200-day moving average price is $244.39.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.32). The firm had revenue of $830.70 million during the quarter. FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. The company’s revenue for the quarter was up 65.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.87 EPS. On average, equities analysts forecast that FTAI Aviation Ltd. will post 6.77 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Wednesday, May 13th were paid a $0.45 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $1.80 annualized dividend and a yield of 0.7%. FTAI Aviation’s dividend payout ratio is currently 31.75%.

Analysts Set New Price Targets

A number of brokerages recently commented on FTAI. Jefferies Financial Group restated a “buy” rating and set a $400.00 price target on shares of FTAI Aviation in a research note on Sunday, May 3rd. Morgan Stanley reaffirmed an “overweight” rating and issued a $319.00 price objective on shares of FTAI Aviation in a report on Friday, May 8th. Weiss Ratings lowered shares of FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 27th. BTIG Research boosted their target price on shares of FTAI Aviation from $335.00 to $340.00 and gave the company a “buy” rating in a report on Friday, March 13th. Finally, Zacks Research downgraded FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, FTAI Aviation currently has a consensus rating of “Moderate Buy” and a consensus target price of $326.88.

FTAI Aviation 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.