WCM Investment Management LLC Decreases Holdings in FTAI Aviation Ltd. $FTAI

WCM Investment Management LLC reduced its position in FTAI Aviation Ltd. (NASDAQ:FTAI) by 98.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,097 shares of the financial services provider’s stock after selling 380,549 shares during the period. WCM Investment Management LLC’s holdings in FTAI Aviation were worth $1,624,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. SJS Investment Consulting Inc. increased its position in shares of FTAI Aviation by 122.9% in the first quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after buying an additional 59 shares in the last quarter. Garton & Associates Financial Advisors LLC purchased a new stake in shares of FTAI Aviation in the 4th quarter worth about $30,000. Root Financial Partners LLC grew its stake in FTAI Aviation by 40.9% in the 1st quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 45 shares during the last quarter. Greenline Wealth Management LLC acquired a new position in FTAI Aviation during the fourth quarter worth about $50,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of FTAI Aviation in the first quarter valued at approximately $51,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

Insider Transactions at FTAI Aviation

In other news, Director Martin Tuchman sold 67,500 shares of the stock in a transaction dated 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Judith A. Hannaway sold 255 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were 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 approximately $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. In the last quarter, insiders sold 254,515 shares of company stock valued at $61,599,445. Insiders own 1.35% of the company’s stock.

FTAI Aviation Stock Performance

Shares of FTAI stock opened at $210.25 on Wednesday. The company has a current ratio of 5.24, a quick ratio of 2.48 and a debt-to-equity ratio of 8.00. The company has a market cap of $21.57 billion, a PE ratio of 41.72, a P/E/G ratio of 0.80 and a beta of 1.46. The company’s fifty day simple moving average is $244.27 and its 200-day simple moving average is $254.51. FTAI Aviation Ltd. has a 52 week low of $109.90 and a 52 week high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.32). FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The business had revenue of $830.70 million for the quarter. During the same period last year, the business posted $0.87 earnings per share. The company’s revenue for the quarter was up 65.4% compared to the same quarter last year. As a group, equities research analysts anticipate that FTAI Aviation Ltd. will post 6.77 EPS for the current year.

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Wednesday, May 13th were paid a $0.45 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. FTAI Aviation’s dividend payout ratio (DPR) is 31.75%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FTAI. Zacks Research downgraded FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Citizens Jmp initiated coverage on FTAI Aviation in a report on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 target price on the stock. Morgan Stanley reissued an “overweight” rating and issued a $319.00 target price on shares of FTAI Aviation in a research note on Friday, May 8th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $400.00 target price on shares of FTAI Aviation in a research note on Sunday, May 3rd. Finally, Weiss Ratings upgraded FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $333.12.

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.