Peregrine Capital Management LLC Has $10.23 Million Stake in FTAI Aviation Ltd. $FTAI

Peregrine Capital Management LLC reduced its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 38.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 41,762 shares of the financial services provider’s stock after selling 25,973 shares during the quarter. Peregrine Capital Management LLC’s holdings in FTAI Aviation were worth $10,232,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FTAI. SJS Investment Consulting Inc. raised its stake in FTAI Aviation by 122.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 59 shares during the period. Garton & Associates Financial Advisors LLC bought a new position in FTAI Aviation during the fourth quarter worth $30,000. Greenline Wealth Management LLC bought a new position in FTAI Aviation during the fourth quarter worth $50,000. First Horizon Corp increased 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 valued at $63,000 after purchasing an additional 182 shares during the last quarter. Finally, Covestor Ltd increased 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 valued at $76,000 after purchasing an additional 298 shares during the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Trading Up 2.6%

FTAI stock opened at $270.53 on Wednesday. FTAI Aviation Ltd. has a 52 week low of $108.47 and a 52 week high of $323.51. The company has a market capitalization of $27.75 billion, a PE ratio of 53.68, a price-to-earnings-growth ratio of 1.06 and a beta of 1.47. The company’s 50-day simple moving average is $251.66 and its 200 day simple moving average is $249.40. 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 issued 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). The business had revenue of $830.70 million during the quarter. FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The firm’s quarterly revenue was up 65.4% on a year-over-year basis. During the same period last year, the business earned $0.87 EPS. As a group, sell-side analysts anticipate 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 issued a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $1.80 annualized dividend and a yield of 0.7%. FTAI Aviation’s payout ratio is currently 31.75%.

Insiders Place Their Bets

In other news, Director Martin Tuchman sold 67,500 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $241.99, for a total transaction of $16,334,325.00. Following the completion of the sale, the director directly owned 210,491 shares in the company, valued at approximately $50,936,717.09. This represents a 24.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 sale, the director directly owned 3,012 shares in the company, valued at approximately $764,716.68. This trade represents 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 quarter, insiders have sold 254,515 shares of company stock valued at $61,599,445. Corporate insiders own 1.35% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on FTAI. Zacks Research lowered shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Jefferies Financial Group restated a “buy” rating and set a $400.00 price objective on shares of FTAI Aviation in a research 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. BTIG Research upped their target price on FTAI Aviation from $335.00 to $340.00 and gave the company a “buy” rating in a research report on Friday, March 13th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $319.00 target price on shares of FTAI Aviation in a research note on Friday, May 8th. Ten research 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 an average rating of “Moderate Buy” and an average price target of $326.88.

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.