Harbour Investments Inc. Sells 9,094 Shares of FTAI Aviation Ltd. $FTAI

Harbour Investments Inc. trimmed its position in FTAI Aviation Ltd. (NASDAQ:FTAI) by 86.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,408 shares of the financial services provider’s stock after selling 9,094 shares during the period. Harbour Investments Inc.’s holdings in FTAI Aviation were worth $277,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FTAI. Capital International Investors grew its stake in FTAI Aviation by 0.7% during the 3rd quarter. Capital International Investors now owns 13,895,852 shares of the financial services provider’s stock worth $2,318,615,000 after buying an additional 94,383 shares during the last quarter. Capital World Investors boosted its holdings in FTAI Aviation by 17.3% in the third quarter. Capital World Investors now owns 6,320,565 shares of the financial services provider’s stock worth $1,054,649,000 after acquiring an additional 933,944 shares in the last quarter. Rubric Capital Management LP grew its stake in shares of FTAI Aviation by 28.3% during the second quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider’s stock worth $390,455,000 after acquiring an additional 749,080 shares during the last quarter. Westfield Capital Management Co. LP increased its holdings in shares of FTAI Aviation by 11.2% during the third quarter. Westfield Capital Management Co. LP now owns 2,130,241 shares of the financial services provider’s stock valued at $355,452,000 after acquiring an additional 214,830 shares in the last quarter. Finally, Northern Right Capital Management L.P. raised its position in shares of FTAI Aviation by 884.1% in the 2nd quarter. Northern Right Capital Management L.P. now owns 885,675 shares of the financial services provider’s stock valued at $101,888,000 after purchasing an additional 795,675 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Down 0.8%

FTAI stock opened at $245.86 on Wednesday. The company has a market capitalization of $25.22 billion, a P/E ratio of 48.78, a price-to-earnings-growth ratio of 1.00 and a beta of 1.47. FTAI Aviation Ltd. has a 12 month low of $108.47 and a 12 month high of $323.51. The firm’s fifty day simple moving average is $248.48 and its 200-day simple moving average is $236.13. 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 issued its earnings results 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). The business had revenue of $830.70 million for the quarter. FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.FTAI Aviation’s revenue was up 65.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.87 earnings per share. As a group, equities research analysts forecast that FTAI Aviation Ltd. will post 6.77 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Wednesday, May 13th were paid 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%.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, 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 value of $64,741.95. Following the sale, the director owned 3,012 shares in the company, valued at $764,716.68. This represents a 7.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Martin Tuchman sold 143,584 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $242.44, for a total value of $34,810,504.96. Following the sale, the director directly owned 236,302 shares in the company, valued at approximately $57,289,056.88. This trade represents a 37.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 254,515 shares of company stock valued at $61,599,445. Insiders own 1.35% of the company’s stock.

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.