GW&K Investment Management LLC Buys 17,370 Shares of FTAI Aviation Ltd. $FTAI

GW&K Investment Management LLC lifted its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 5.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 311,219 shares of the financial services provider’s stock after acquiring an additional 17,370 shares during the quarter. GW&K Investment Management LLC’s holdings in FTAI Aviation were worth $61,263,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in FTAI. First Horizon Corp boosted its stake in shares of FTAI Aviation by 131.9% during the 4th quarter. First Horizon Corp now owns 320 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 182 shares in the last quarter. Covestor Ltd boosted its stake in shares of FTAI Aviation by 338.6% during the 4th quarter. Covestor Ltd now owns 386 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 298 shares in the last quarter. Rossby Financial LCC boosted its stake in shares of FTAI Aviation by 13.6% during the 3rd quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock worth $94,000 after acquiring an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of FTAI Aviation by 88.0% during the 4th 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 in the last quarter. Finally, Assetmark Inc. boosted its stake in shares of FTAI Aviation by 11.0% during the 3rd quarter. Assetmark Inc. now owns 708 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 70 shares in the last quarter. Institutional investors own 88.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on FTAI shares. Weiss Ratings cut FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 27th. Jefferies Financial Group reissued a “buy” rating and set a $400.00 price objective on shares of FTAI Aviation in a research report on Sunday, May 3rd. Morgan Stanley reissued an “overweight” rating and set a $319.00 price objective on shares of FTAI Aviation in a research report on Friday, May 8th. Zacks Research cut FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Finally, Barclays boosted their price objective on FTAI Aviation from $260.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Ten research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $326.88.

Insider Buying and Selling

In other FTAI Aviation news, Director Martin Tuchman sold 67,500 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $241.99, for a total value of $16,334,325.00. Following the transaction, the director directly owned 210,491 shares in the company, valued at approximately $50,936,717.09. This trade represents a 24.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Judith A. Hannaway sold 255 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $253.89, for a total value of $64,741.95. Following the completion of 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. Over the last 90 days, insiders have sold 254,515 shares of company stock worth $61,599,445. 1.35% of the stock is owned by corporate insiders.

FTAI Aviation Trading Up 1.4%

FTAI Aviation stock opened at $233.75 on Wednesday. FTAI Aviation Ltd. has a 12 month low of $108.47 and a 12 month high of $323.51. The stock has a market cap of $23.98 billion, a price-to-earnings ratio of 46.38, a price-to-earnings-growth ratio of 0.93 and a beta of 1.47. The business has a 50 day moving average price of $248.41 and a two-hundred day moving average price of $239.66. 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 (NASDAQ:FTAI) last released its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share 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 company had revenue of $830.70 million during the quarter. During the same quarter in the prior year, the company posted $0.87 EPS. The company’s revenue for the quarter was up 65.4% on a year-over-year basis. As a group, equities analysts forecast that FTAI Aviation Ltd. will post 6.77 EPS for the current year.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors 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 yield of 0.8%. FTAI Aviation’s dividend payout ratio is 31.75%.

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.