FTAI Aviation Ltd. $FTAI Shares Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA grew its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 220.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,267 shares of the financial services provider’s stock after purchasing an additional 33,878 shares during the quarter. Pictet Asset Management Holding SA’s holdings in FTAI Aviation were worth $12,065,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in FTAI. Sterling Capital Management LLC increased its holdings in FTAI Aviation by 697.1% in the first quarter. Sterling Capital Management LLC now owns 5,811 shares of the financial services provider’s stock valued at $1,424,000 after buying an additional 5,082 shares in the last quarter. Financial Enhancement Group LLC purchased a new stake in shares of FTAI Aviation during the 1st quarter worth about $2,047,000. Ritholtz Wealth Management acquired a new stake in shares of FTAI Aviation during the 1st quarter valued at about $236,000. RFG Advisory LLC acquired a new stake in shares of FTAI Aviation during the 1st quarter valued at about $591,000. Finally, Assenagon Asset Management S.A. purchased a new position in shares of FTAI Aviation in the 1st quarter valued at about $300,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on FTAI. Weiss Ratings downgraded FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 27th. Jefferies Financial Group restated a “buy” rating and issued a $400.00 price objective on shares of FTAI Aviation in a research report on Sunday, May 3rd. Zacks Research downgraded FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Morgan Stanley reissued an “overweight” rating and issued a $319.00 price target on shares of FTAI Aviation in a research note on Friday, May 8th. Finally, BTIG Research boosted their price target on shares of FTAI Aviation from $335.00 to $340.00 and gave the stock a “buy” rating in a report on Friday, March 13th. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, FTAI Aviation currently has a consensus rating of “Moderate Buy” and a consensus target price of $326.88.

FTAI Aviation Trading Down 5.3%

Shares of FTAI Aviation stock opened at $248.06 on Friday. The company has a current ratio of 5.24, a quick ratio of 2.48 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. The firm has a market capitalization of $25.45 billion, a PE ratio of 49.22, a P/E/G ratio of 1.05 and a beta of 1.46. The firm’s 50-day moving average price is $251.98 and its 200 day moving average price is $250.46.

FTAI Aviation (NASDAQ:FTAI) last released its earnings results 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 firm had revenue of $830.70 million during the quarter. FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. FTAI Aviation’s quarterly revenue was up 65.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.87 EPS. On average, sell-side analysts predict that FTAI Aviation Ltd. will post 6.77 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The company 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 was Wednesday, May 13th. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. FTAI Aviation’s dividend payout ratio (DPR) is presently 31.75%.

Insiders Place Their Bets

In other FTAI Aviation news, Director Judith A. Hannaway sold 255 shares of FTAI Aviation stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $253.89, for a total transaction of $64,741.95. Following the sale, the director owned 3,012 shares of the company’s stock, valued at $764,716.68. The trade was a 7.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Martin Tuchman sold 143,584 shares of FTAI Aviation stock in a transaction on Friday, May 1st. The stock was sold at an average price of $242.44, for a total transaction 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 position. The SEC filing for this sale provides additional information. Insiders sold a total of 254,515 shares of company stock worth $61,599,445 in the last 90 days. 1.35% of the stock is currently 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.