22,298 FTAI Aviation Ltd. $FTAI Shares Purchased by Two Seas Capital LP

Two Seas Capital LP increased its stake in FTAI Aviation Ltd. (NASDAQ:FTAI) by 9.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 271,260 shares of the financial services provider’s stock after buying an additional 22,298 shares during the period. FTAI Aviation accounts for about 0.5% of Two Seas Capital LP’s portfolio, making the stock its 21st largest position. Two Seas Capital LP owned 0.26% of FTAI Aviation worth $45,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State Street Corp increased its position in shares of FTAI Aviation by 2.5% during the second quarter. State Street Corp now owns 3,083,589 shares of the financial services provider’s stock worth $834,203,000 after acquiring an additional 75,452 shares during the period. Bank of America Corp DE boosted its holdings in shares of FTAI Aviation by 8.2% in the first quarter. Bank of America Corp DE now owns 885,337 shares of the financial services provider’s stock valued at $216,908,000 after purchasing an additional 67,097 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of FTAI Aviation by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 631,212 shares of the financial services provider’s stock valued at $154,515,000 after purchasing an additional 15,291 shares during the period. First Trust Advisors LP grew its stake in FTAI Aviation by 5.0% in the first quarter. First Trust Advisors LP now owns 383,773 shares of the financial services provider’s stock worth $94,024,000 after purchasing an additional 18,399 shares in the last quarter. Finally, Fred Alger Management LLC increased its holdings in FTAI Aviation by 15.1% during the 4th quarter. Fred Alger Management LLC now owns 376,693 shares of the financial services provider’s stock worth $74,152,000 after purchasing an additional 49,441 shares during the period. Institutional investors own 88.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Jefferies Financial Group reiterated a “buy” rating and issued a $325.00 target price on shares of FTAI Aviation in a report on Sunday, August 2nd. BTIG Research decreased their price objective on FTAI Aviation from $400.00 to $350.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. Citizens Jmp assumed coverage on shares of FTAI Aviation in a research note on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 price objective for the company. Morgan Stanley increased their target price on shares of FTAI Aviation from $319.00 to $360.00 and gave the stock an “overweight” rating in a report on Friday, August 21st. Finally, Barclays reduced their price target on shares of FTAI Aviation from $350.00 to $310.00 and set an “overweight” rating for the company in a report on Tuesday, September 15th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $315.67.

Insider Activity at FTAI Aviation

In other news, President David Moreno bought 2,475 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was bought at an average price of $201.27 per share, with a total value of $498,143.25. Following the completion of the transaction, the president directly owned 199,490 shares of the company’s stock, valued at approximately $40,151,352.30. The trade was a 1.26% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.35% of the stock is currently owned by company insiders.

FTAI Aviation Stock Up 8.9%

Shares of FTAI traded up $14.74 during trading hours on Tuesday, hitting $179.44. The company had a trading volume of 2,177,043 shares, compared to its average volume of 1,507,187. The company has a current ratio of 5.28, a quick ratio of 2.07 and a debt-to-equity ratio of 8.55. The company has a market capitalization of $18.43 billion, a PE ratio of 39.01, a price-to-earnings-growth ratio of 0.83 and a beta of 1.51. FTAI Aviation Ltd. has a one year low of $149.50 and a one year high of $323.51. The company’s fifty day moving average price is $196.55 and its two-hundred day moving average price is $227.69.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.19). The company had revenue of $953.09 million for the quarter. FTAI Aviation had a net margin of 15.94% and a return on equity of 139.59%. FTAI Aviation’s quarterly revenue was up 40.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.57 earnings per share. As a group, equities analysts forecast that FTAI Aviation Ltd. will post 5.48 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Wednesday, August 12th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Wednesday, August 12th. FTAI Aviation’s payout ratio is 43.48%.

FTAI Aviation 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.