Havemeyer Place LP Makes New Investment in FTAI Aviation Ltd. $FTAI

Havemeyer Place LP purchased a new position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 8,345 shares of the financial services provider’s stock, valued at approximately $1,643,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. M&T Bank Corp lifted its position in FTAI Aviation by 323.6% during the 4th quarter. M&T Bank Corp now owns 16,112 shares of the financial services provider’s stock worth $3,172,000 after buying an additional 12,308 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of FTAI Aviation by 396.7% during the 3rd 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 last quarter. Trek Financial LLC acquired a new position in shares of FTAI Aviation during the 4th 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% during the 3rd 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 during the last quarter. Finally, Oaktree Capital Management LP acquired a new position in shares of FTAI Aviation during the 3rd quarter worth about $97,642,000. 88.96% of the stock is owned by institutional investors.

FTAI Aviation Stock Down 6.4%

FTAI Aviation stock opened at $234.05 on Friday. The firm has a market capitalization of $24.01 billion, a PE ratio of 46.44, a P/E/G ratio of 0.94 and a beta of 1.47. The company’s 50-day moving average is $248.70 and its 200-day moving average is $238.06. FTAI Aviation Ltd. has a fifty-two week low of $108.47 and a fifty-two week high of $323.51. The company has a debt-to-equity ratio of 8.00, a current ratio of 5.24 and a quick ratio of 2.48.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings results 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). FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. The company had revenue of $830.70 million during the quarter. During the same quarter in the prior year, the business posted $0.87 EPS. The business’s revenue was up 65.4% compared to the same quarter last year. Sell-side analysts anticipate that FTAI Aviation Ltd. will post 6.77 earnings per share for the current year.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors 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 dividend on an annualized basis and a yield of 0.8%. FTAI Aviation’s dividend payout ratio is 31.75%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Morgan Stanley restated an “overweight” rating and set a $319.00 price objective on shares of FTAI Aviation in a research note 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 price objective on shares of FTAI Aviation from $335.00 to $340.00 and gave the stock a “buy” rating in a research note on Friday, March 13th. Jefferies Financial Group restated a “buy” rating and set a $400.00 price objective on shares of FTAI Aviation in a research note on Sunday, May 3rd. 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. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $326.88.

Insider Transactions at FTAI Aviation

In other FTAI Aviation news, Director Judith A. Hannaway sold 255 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $253.89, for a total transaction of $64,741.95. Following the transaction, the director owned 3,012 shares in the company, valued at $764,716.68. This represents a 7.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Martin Tuchman sold 143,584 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $242.44, for a total transaction of $34,810,504.96. Following the transaction, the director owned 236,302 shares in the company, valued at approximately $57,289,056.88. The trade was a 37.80% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 254,515 shares of company stock worth $61,599,445. 1.35% of the stock is owned by company insiders.

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.