Verde Servicos Internacionais S.A. Has $17.08 Million Stock Holdings in FTAI Aviation Ltd. $FTAI

Verde Servicos Internacionais S.A. cut its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 2.7% in the fourth quarter, HoldingsChannel reports. The fund owned 86,763 shares of the financial services provider’s stock after selling 2,444 shares during the period. FTAI Aviation makes up approximately 5.5% of Verde Servicos Internacionais S.A.’s holdings, making the stock its 6th largest holding. Verde Servicos Internacionais S.A.’s holdings in FTAI Aviation were worth $17,079,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. M&T Bank Corp grew its stake in shares of FTAI Aviation by 323.6% during the 4th quarter. M&T Bank Corp now owns 16,112 shares of the financial services provider’s stock valued at $3,172,000 after acquiring an additional 12,308 shares during the period. JPMorgan Chase & Co. grew its stake in shares of FTAI Aviation by 396.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 831,414 shares of the financial services provider’s stock valued at $138,730,000 after acquiring an additional 664,037 shares during the period. Oaktree Capital Management LP bought a new position in shares of FTAI Aviation during the 3rd quarter valued at approximately $97,642,000. Teachers Retirement System of The State of Kentucky grew its stake in shares of FTAI Aviation by 21.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 65,030 shares of the financial services provider’s stock valued at $10,851,000 after acquiring an additional 11,457 shares during the period. Finally, Cibc World Market Inc. bought a new position in shares of FTAI Aviation during the 3rd quarter valued at approximately $763,000. 88.96% of the stock is currently owned by institutional investors.

Insider Activity at FTAI Aviation

In other news, Director Martin Tuchman sold 143,584 shares of the stock in a transaction that occurred 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 completion of the transaction, the director directly owned 236,302 shares in the company, valued at approximately $57,289,056.88. This represents a 37.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders sold 254,260 shares of company stock worth $61,534,703. 1.35% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FTAI. Royal Bank Of Canada boosted their price objective on FTAI Aviation from $270.00 to $350.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Morgan Stanley reaffirmed an “overweight” rating and set a $319.00 price objective on shares of FTAI Aviation in a report on Friday, May 8th. Citigroup reissued an “outperform” rating on shares of FTAI Aviation in a report on Thursday, January 29th. Zacks Research raised shares of FTAI Aviation from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 22nd. Finally, Barclays boosted their target price on shares of FTAI Aviation from $260.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company’s stock. According to MarketBeat.com, FTAI Aviation currently has a consensus rating of “Buy” and an average target price of $326.88.

FTAI Aviation Stock Up 7.3%

NASDAQ FTAI opened at $239.84 on Thursday. 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 company has a market capitalization of $24.60 billion, a P/E ratio of 47.59, a P/E/G ratio of 0.90 and a beta of 1.49. FTAI Aviation Ltd. has a one year low of $108.47 and a one year high of $323.51. The stock has a 50 day moving average price of $246.85 and a 200-day moving average price of $231.09.

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

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Wednesday, May 13th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, May 13th. FTAI Aviation’s dividend payout ratio is currently 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.