Freemont Management S.A. Invests $6.66 Million in FTAI Aviation Ltd. $FTAI

Freemont Management S.A. purchased a new position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) during the first quarter, HoldingsChannel.com reports. The institutional investor purchased 27,200 shares of the financial services provider’s stock, valued at approximately $6,664,000.

Several other institutional investors have also recently added to or reduced their stakes in FTAI. SJS Investment Consulting Inc. grew its stake in shares of FTAI Aviation by 122.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 59 shares during the last quarter. Garton & Associates Financial Advisors LLC acquired a new position in shares of FTAI Aviation in the fourth quarter valued at approximately $30,000. Root Financial Partners LLC raised its stake in shares of FTAI Aviation by 40.9% during the first quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 45 shares during the last quarter. Greenline Wealth Management LLC acquired a new stake in shares of FTAI Aviation during the fourth quarter worth $50,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of FTAI Aviation during the first quarter worth $51,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Morgan Stanley reissued an “overweight” rating and issued a $319.00 price objective on shares of FTAI Aviation in a research note on Friday, May 8th. Weiss Ratings upgraded shares of FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Citizens Jmp started coverage on shares of FTAI Aviation in a report on Wednesday. They issued a “market outperform” rating and a $375.00 target price on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a $400.00 target price on shares of FTAI Aviation in a report 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 assigned a Hold rating to the company. According to MarketBeat.com, FTAI Aviation has an average rating of “Moderate Buy” and a consensus price target of $333.12.

FTAI Aviation Trading Up 1.8%

Shares of FTAI stock opened at $207.46 on Friday. The business’s fifty day moving average price is $247.00 and its 200 day moving average price is $253.82. FTAI Aviation Ltd. has a 1-year low of $109.90 and a 1-year high of $323.51. The firm has a market capitalization of $21.28 billion, a PE ratio of 41.16, a P/E/G ratio of 0.84 and a beta of 1.46. 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 released its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.32). FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The business had revenue of $830.70 million during the quarter. During the same period last year, the firm earned $0.87 EPS. The business’s quarterly revenue was up 65.4% compared to the same quarter last year. As a group, sell-side analysts forecast that FTAI Aviation Ltd. will post 6.77 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Wednesday, May 13th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Wednesday, May 13th. FTAI Aviation’s dividend payout ratio (DPR) is currently 31.75%.

Insider Transactions at FTAI Aviation

In other FTAI Aviation news, Director Martin Tuchman sold 143,584 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $242.44, for a total transaction of $34,810,504.96. Following the transaction, the director directly owned 236,302 shares in the company, valued at approximately $57,289,056.88. This represents a 37.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Judith A. Hannaway sold 255 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was 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. The trade was a 7.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 254,515 shares of company stock valued at $61,599,445 in the last quarter. 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.