Deltroit Asset Management UK LLP Invests $14.01 Million in FTAI Aviation Ltd. $FTAI

Deltroit Asset Management UK LLP purchased a new position in FTAI Aviation Ltd. (NASDAQ:FTAI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 71,150 shares of the financial services provider’s stock, valued at approximately $14,006,000. FTAI Aviation accounts for approximately 2.0% of Deltroit Asset Management UK LLP’s portfolio, making the stock its 16th largest position.

Other large investors have also recently made changes to their positions in the company. First Horizon Corp boosted its holdings in shares of FTAI Aviation by 131.9% in the fourth quarter. First Horizon Corp now owns 320 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 182 shares during the period. Covestor Ltd boosted its holdings in shares of FTAI Aviation by 338.6% in the fourth quarter. Covestor Ltd now owns 386 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 298 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of FTAI Aviation by 88.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 485 shares of the financial services provider’s stock worth $95,000 after acquiring an additional 227 shares during the period. Rossby Financial LCC boosted its holdings in shares of FTAI Aviation by 13.6% in the third quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock worth $94,000 after acquiring an additional 65 shares during the period. Finally, Global Retirement Partners LLC boosted its holdings in shares of FTAI Aviation by 75.8% in the fourth quarter. Global Retirement Partners LLC now owns 603 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 260 shares during the period. 88.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on FTAI shares. Barclays raised their price target on shares of FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Morgan Stanley reiterated an “overweight” rating and issued a $319.00 price objective on shares of FTAI Aviation in a research report on Friday, May 8th. Weiss Ratings lowered FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 27th. Zacks Research lowered FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Finally, BTIG Research lifted their price objective on FTAI Aviation from $335.00 to $340.00 and gave the company a “buy” rating in a research note on Friday, March 13th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $326.88.

FTAI Aviation Price Performance

NASDAQ:FTAI opened at $234.05 on Friday. The firm has a market capitalization of $24.01 billion, a price-to-earnings ratio of 46.44, a P/E/G ratio of 1.01 and a beta of 1.47. FTAI Aviation Ltd. has a 52-week low of $108.47 and a 52-week high of $323.51. The stock has a fifty day moving average of $248.70 and a 200 day moving average of $238.06. The company has a debt-to-equity ratio of 8.00, a quick ratio of 2.48 and a current ratio of 5.24.

FTAI Aviation (NASDAQ:FTAI) last posted 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 net margin of 18.92% and a return on equity of 181.43%. The business had revenue of $830.70 million for the quarter. During the same period last year, the company earned $0.87 earnings per share. The business’s revenue for the quarter was up 65.4% compared to the same quarter last year. On average, research analysts expect that FTAI Aviation Ltd. will post 6.77 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Wednesday, May 13th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, May 13th. FTAI Aviation’s dividend payout ratio is currently 31.75%.

Insiders Place Their Bets

In related news, Director Judith A. Hannaway sold 255 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total value of $64,741.95. Following the transaction, the director owned 3,012 shares of the company’s stock, valued at $764,716.68. This represents a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Martin Tuchman sold 143,584 shares of the stock in a transaction on 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 completion of 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 position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 254,515 shares of company stock worth $61,599,445. 1.35% of the stock is owned by insiders.

About FTAI Aviation

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.