Gateway Wealth Partners LLC Makes New Investment in FTAI Aviation Ltd. $FTAI

Gateway Wealth Partners LLC bought a new stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,043 shares of the financial services provider’s stock, valued at approximately $925,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Ensign Peak Advisors Inc lifted its stake in FTAI Aviation by 67.4% in the second quarter. Ensign Peak Advisors Inc now owns 3,075,788 shares of the financial services provider’s stock worth $353,839,000 after acquiring an additional 1,238,294 shares during the period. Wellington Management Group LLP raised its holdings in FTAI Aviation by 159.6% in the 1st quarter. Wellington Management Group LLP now owns 2,347,633 shares of the financial services provider’s stock worth $260,658,000 after purchasing an additional 1,443,440 shares in the last quarter. Westfield Capital Management Co. LP lifted its position in shares of FTAI Aviation by 1.2% in the 2nd quarter. Westfield Capital Management Co. LP now owns 1,915,411 shares of the financial services provider’s stock worth $220,349,000 after purchasing an additional 22,960 shares during the period. Norges Bank bought a new stake in shares of FTAI Aviation during the 2nd quarter valued at about $142,012,000. Finally, T. Rowe Price Investment Management Inc. boosted its stake in shares of FTAI Aviation by 30.6% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 964,529 shares of the financial services provider’s stock valued at $107,092,000 after purchasing an additional 225,920 shares in the last quarter. Institutional investors own 88.96% of the company’s stock.

Insider Buying and Selling

In other news, COO David Moreno acquired 4,354 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The shares were bought at an average cost of $153.89 per share, with a total value of $670,037.06. Following the transaction, the chief operating officer owned 4,354 shares of the company’s stock, valued at $670,037.06. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.30% of the company’s stock.

FTAI Aviation Stock Up 0.7%

Shares of FTAI opened at $177.02 on Friday. The stock has a market cap of $18.16 billion, a P/E ratio of 40.42 and a beta of 1.56. The business’s 50 day moving average price is $168.26 and its 200-day moving average price is $146.65. FTAI Aviation Ltd. has a 52 week low of $75.06 and a 52 week high of $194.36.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings data on Monday, October 27th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.09). FTAI Aviation had a net margin of 20.82% and a return on equity of 370.51%. The company had revenue of $667.06 million for the quarter, compared to analysts’ expectations of $662.51 million. During the same quarter in the previous year, the firm posted $0.76 EPS. The firm’s quarterly revenue was up 43.2% compared to the same quarter last year. On average, equities analysts anticipate that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Monday, November 10th were paid a $0.35 dividend. The ex-dividend date was Monday, November 10th. This represents a $1.40 dividend on an annualized basis and a yield of 0.8%. FTAI Aviation’s payout ratio is presently 31.96%.

Analyst Ratings Changes

Several brokerages have commented on FTAI. Royal Bank Of Canada raised their price objective on shares of FTAI Aviation from $185.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Zacks Research upgraded FTAI Aviation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 20th. Wall Street Zen lowered FTAI Aviation from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Jones Trading assumed coverage on FTAI Aviation in a research note on Friday, October 10th. They issued a “buy” rating and a $306.00 price target on the stock. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of FTAI Aviation in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $201.11.

FTAI Aviation Company Profile

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.