Financial Enhancement Group LLC Makes New Investment in FTAI Aviation Ltd. $FTAI

Financial Enhancement Group LLC acquired a new stake in FTAI Aviation Ltd. (NASDAQ:FTAI) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 7,901 shares of the financial services provider’s stock, valued at approximately $2,047,000.

Several other large investors also recently modified their holdings of the stock. Capital World Investors lifted its stake in shares of FTAI Aviation by 41.1% during the 4th quarter. Capital World Investors now owns 8,916,830 shares of the financial services provider’s stock worth $1,755,290,000 after buying an additional 2,596,265 shares during the last quarter. Norges Bank bought a new stake in shares of FTAI Aviation during the 4th quarter worth about $262,393,000. Northern Right Capital Management L.P. grew its stake in 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 buying an additional 795,675 shares during the last quarter. Rubric Capital Management LP grew its stake in FTAI Aviation by 28.3% in the 2nd quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider’s stock valued at $390,455,000 after buying an additional 749,080 shares during the last quarter. Finally, Oaktree Capital Management LP bought a new position in FTAI Aviation in the 3rd quarter valued at about $97,642,000. 88.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

FTAI has been the subject of several research reports. Morgan Stanley restated an “overweight” rating and set a $319.00 price objective on shares of FTAI Aviation in a research report on Friday, May 8th. Weiss Ratings downgraded FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 27th. BTIG Research increased 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. Barclays lifted their price target on FTAI Aviation from $260.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $400.00 price target on shares of FTAI Aviation in a research note on Sunday, May 3rd. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $326.88.

Insider Buying and Selling

In related news, Director Judith A. Hannaway sold 255 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was 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. This represents a 7.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Martin Tuchman sold 67,500 shares of the firm’s 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 owned 210,491 shares in the company, valued at approximately $50,936,717.09. This trade represents a 24.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 254,515 shares of company stock valued at $61,599,445. 1.35% of the stock is owned by company insiders.

FTAI Aviation Price Performance

NASDAQ:FTAI opened at $272.14 on Thursday. FTAI Aviation Ltd. has a 52 week low of $108.47 and a 52 week high of $323.51. The firm has a market cap of $27.92 billion, a price-to-earnings ratio of 54.00, a P/E/G ratio of 1.06 and a beta of 1.47. The firm’s 50-day simple moving average is $251.46 and its 200 day simple moving average is $246.97. 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 predict that FTAI Aviation Ltd. will post 6.77 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Wednesday, May 13th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, May 13th. FTAI Aviation’s payout ratio is presently 31.75%.

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.