BW Gestao de Investimentos Ltda. Sells 4,243 Shares of FTAI Aviation Ltd. $FTAI

BW Gestao de Investimentos Ltda. reduced its stake in FTAI Aviation Ltd. (NASDAQ:FTAI) by 3.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 117,104 shares of the financial services provider’s stock after selling 4,243 shares during the quarter. FTAI Aviation accounts for approximately 0.5% of BW Gestao de Investimentos Ltda.’s holdings, making the stock its 20th largest position. BW Gestao de Investimentos Ltda.’s holdings in FTAI Aviation were worth $23,052,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of FTAI. First Horizon Corp raised its holdings in FTAI Aviation by 131.9% in the 4th quarter. First Horizon Corp now owns 320 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 182 shares during the period. Covestor Ltd raised its holdings in FTAI Aviation by 338.6% in the 4th quarter. Covestor Ltd now owns 386 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 298 shares during the period. Rossby Financial LCC raised its holdings in FTAI Aviation by 13.6% in the 3rd quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock worth $94,000 after purchasing an additional 65 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in FTAI Aviation by 88.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 485 shares of the financial services provider’s stock worth $95,000 after purchasing an additional 227 shares during the period. Finally, Assetmark Inc. raised its holdings in FTAI Aviation by 11.0% in the 3rd quarter. Assetmark Inc. now owns 708 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 70 shares during the period. 88.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $319.00 target price on shares of FTAI Aviation in a report on Friday, May 8th. Barclays raised their target price on FTAI Aviation from $260.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. 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. Weiss Ratings cut FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 27th. Finally, BTIG Research boosted their price objective on FTAI Aviation from $335.00 to $340.00 and gave the company a “buy” rating in a research report on Friday, March 13th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $326.88.

Insider Transactions at FTAI Aviation

In other news, Director Judith A. Hannaway sold 255 shares of the firm’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 completion of the transaction, the director owned 3,012 shares in the company, valued at $764,716.68. This trade represents a 7.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Martin Tuchman sold 143,584 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $242.44, for a total value of $34,810,504.96. Following the transaction, the director owned 236,302 shares of the company’s stock, 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 90 days, insiders have sold 254,515 shares of company stock valued at $61,599,445. Company insiders own 1.35% of the company’s stock.

FTAI Aviation Trading Down 4.8%

Shares of FTAI Aviation stock opened at $247.82 on Tuesday. The firm has a market cap of $25.42 billion, a price-to-earnings ratio of 49.17, a PEG ratio of 1.05 and a beta of 1.49. The business has a 50-day moving average price of $248.48 and a 200-day moving average price of $236.13. The company has a quick ratio of 2.48, a current ratio of 5.24 and a debt-to-equity ratio of 8.00. FTAI Aviation Ltd. has a twelve month low of $108.47 and a twelve month high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.32). The firm had revenue of $830.70 million for the quarter. FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. The firm’s quarterly revenue was up 65.4% on a year-over-year basis. During the same period last year, the firm posted $0.87 EPS. Equities research analysts anticipate that FTAI Aviation Ltd. will post 6.77 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Wednesday, May 13th were given a dividend of $0.45 per share. The ex-dividend date was Wednesday, May 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. FTAI Aviation’s dividend payout ratio (DPR) is presently 31.75%.

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.