Tidal Investments LLC Buys New Shares in FTAI Aviation Ltd. $FTAI

Tidal Investments LLC bought a new stake in FTAI Aviation Ltd. (NASDAQ:FTAI) in the 2nd quarter, Holdings Channel.com reports. The firm bought 4,501 shares of the financial services provider’s stock, valued at approximately $1,218,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Capital World Investors boosted its stake in FTAI Aviation by 41.1% in the 4th quarter. Capital World Investors now owns 8,916,830 shares of the financial services provider’s stock valued at $1,755,290,000 after purchasing an additional 2,596,265 shares during the period. Westfield Capital Management Co. LP grew its position in shares of FTAI Aviation by 10.3% during the 4th quarter. Westfield Capital Management Co. LP now owns 2,350,625 shares of the financial services provider’s stock worth $462,721,000 after purchasing an additional 220,384 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of FTAI Aviation by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 2,004,963 shares of the financial services provider’s stock worth $394,757,000 after purchasing an additional 71,271 shares during the period. Norges Bank bought a new position in shares of FTAI Aviation during the fourth quarter worth approximately $262,393,000. Finally, Bank of America Corp DE raised its position in shares of FTAI Aviation by 8.2% in the first quarter. Bank of America Corp DE now owns 885,337 shares of the financial services provider’s stock valued at $216,908,000 after buying an additional 67,097 shares in the last quarter. Institutional investors own 88.96% of the company’s stock.

Insider Buying and Selling at FTAI Aviation

In other news, President David Moreno bought 2,475 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was 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 owned 199,490 shares of the company’s stock, valued at approximately $40,151,352.30. This represents a 1.26% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.35% of the company’s stock.

Wall Street Analyst Weigh In

FTAI has been the subject of a number of recent analyst reports. Citizens Jmp began coverage on shares of FTAI Aviation in a report on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 price target for the company. Barclays reduced their target price on FTAI Aviation from $350.00 to $310.00 and set an “overweight” rating on the stock in a report on Tuesday. Royal Bank Of Canada lowered their price target on FTAI Aviation from $350.00 to $300.00 and set an “outperform” rating for the company in a report on Monday, July 27th. BTIG Research dropped their price objective on FTAI Aviation from $400.00 to $350.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Finally, Weiss Ratings lowered FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $315.67.

FTAI Aviation Price Performance

Shares of NASDAQ:FTAI opened at $190.74 on Friday. The firm has a market capitalization of $19.59 billion, a price-to-earnings ratio of 41.47, a PEG ratio of 0.97 and a beta of 1.51. The stock’s 50 day moving average is $204.55 and its 200-day moving average is $234.60. FTAI Aviation Ltd. has a twelve month low of $149.50 and a twelve month high of $323.51. The company has a quick ratio of 2.07, a current ratio of 5.28 and a debt-to-equity ratio of 8.55.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.19). The firm had revenue of $953.09 million for the quarter. FTAI Aviation had a return on equity of 139.59% and a net margin of 15.94%.The business’s revenue was up 40.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.57 EPS. Sell-side analysts forecast that FTAI Aviation Ltd. will post 5.48 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Wednesday, August 12th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $2.00 annualized dividend and a yield of 1.0%. FTAI Aviation’s payout ratio is presently 43.48%.

About FTAI Aviation

FTAI Aviation Ltd. (NASDAQ: FTAI) is an aviation asset owner and lessor focused on commercial aircraft engines and related aviation equipment. The company primarily acquires, leases and manages aircraft engines, with a particular emphasis on CFM56 engines, which power many Airbus A320-family and Boeing 737 Next Generation aircraft.

In addition to engine leasing, FTAI Aviation owns and leases commercial aircraft and provides aviation aftermarket services. Its activities include engine disassembly, maintenance, repair and overhaul, as well as the sale of engine components and other aircraft parts.