Royal Bank of Canada Sells 48,932 Shares of FTAI Aviation Ltd. $FTAI

Royal Bank of Canada reduced its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 27.7% during the first quarter, Holdings Channel reports. The institutional investor owned 127,643 shares of the financial services provider’s stock after selling 48,932 shares during the period. Royal Bank of Canada’s holdings in FTAI Aviation were worth $31,273,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FTAI. AQR Capital Management LLC acquired a new position in shares of FTAI Aviation during the first quarter worth approximately $242,000. Cetera Investment Advisers increased its stake in FTAI Aviation by 73.3% during the 2nd quarter. Cetera Investment Advisers now owns 5,597 shares of the financial services provider’s stock valued at $644,000 after purchasing an additional 2,368 shares in the last quarter. Invesco Ltd. increased its stake in FTAI Aviation by 23.8% during the 2nd quarter. Invesco Ltd. now owns 417,375 shares of the financial services provider’s stock valued at $48,015,000 after purchasing an additional 80,341 shares in the last quarter. Amundi raised its holdings in FTAI Aviation by 16,560.0% during the second quarter. Amundi now owns 2,499 shares of the financial services provider’s stock worth $283,000 after buying an additional 2,484 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in FTAI Aviation during the second quarter worth $2,736,000. Institutional investors own 88.96% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Morgan Stanley reiterated an “overweight” rating and set a $319.00 price objective on shares of FTAI Aviation in a report on Friday, May 8th. BTIG Research upped their target price on shares of FTAI Aviation from $340.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Zacks Research cut shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Citizens Jmp started coverage on FTAI Aviation in a research note on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft set a $290.00 price objective on FTAI Aviation in a report on Friday. Ten research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $321.11.

Insider Transactions at FTAI Aviation

In other FTAI Aviation news, President David Moreno acquired 2,475 shares of the company’s stock in a transaction on Friday, July 31st. The shares were acquired at an average cost of $201.27 per share, with a total value of $498,143.25. Following the completion of the acquisition, the president directly owned 199,490 shares in the company, valued at $40,151,352.30. This trade represents a 1.26% increase in their ownership of the stock. The purchase 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 dated Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total transaction of $64,741.95. Following the transaction, the director owned 3,012 shares of the company’s stock, valued at $764,716.68. This represents a 7.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.35% of the company’s stock.

FTAI Aviation Stock Performance

Shares of FTAI stock opened at $225.15 on Tuesday. The company has a debt-to-equity ratio of 8.00, a quick ratio of 2.48 and a current ratio of 5.24. The firm has a market cap of $23.10 billion, a price-to-earnings ratio of 48.95, a P/E/G ratio of 0.83 and a beta of 1.51. FTAI Aviation Ltd. has a 52 week low of $134.49 and a 52 week high of $323.51. The firm’s 50-day simple moving average is $238.25 and its two-hundred day simple moving average is $253.18.

FTAI Aviation (NASDAQ:FTAI) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.19). FTAI Aviation had a net margin of 15.94% and a return on equity of 146.23%. The firm had revenue of $953.09 million during the quarter. During the same quarter in the previous year, the firm posted $1.57 EPS. FTAI Aviation’s revenue for the quarter was up 40.9% on a year-over-year basis. As a group, equities analysts forecast that FTAI Aviation Ltd. will post 6.77 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, August 24th. Investors of record on Wednesday, August 12th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. FTAI Aviation’s dividend payout ratio (DPR) is 34.78%.

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.