Edgestream Partners L.P. Purchases 11,036 Shares of FTAI Aviation Ltd. $FTAI

Edgestream Partners L.P. grew its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 47.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,168 shares of the financial services provider’s stock after purchasing an additional 11,036 shares during the period. Edgestream Partners L.P.’s holdings in FTAI Aviation were worth $3,931,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP boosted its stake in FTAI Aviation by 159.6% during the first quarter. Wellington Management Group LLP now owns 2,347,633 shares of the financial services provider’s stock valued at $260,658,000 after buying an additional 1,443,440 shares during the period. Ensign Peak Advisors Inc raised its holdings in shares of FTAI Aviation by 67.4% in the 2nd quarter. Ensign Peak Advisors Inc now owns 3,075,788 shares of the financial services provider’s stock valued at $353,839,000 after acquiring an additional 1,238,294 shares in the last quarter. Norges Bank purchased a new stake in shares of FTAI Aviation in the 2nd quarter valued at about $142,012,000. Empyrean Capital Partners LP bought a new stake in shares of FTAI Aviation during the 1st quarter valued at about $61,546,000. Finally, Sessa Capital IM L.P. purchased a new position in shares of FTAI Aviation during the first quarter worth about $44,412,000. Institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Performance

Shares of FTAI Aviation stock opened at $170.99 on Thursday. The stock has a market capitalization of $17.54 billion, a price-to-earnings ratio of 39.04 and a beta of 1.56. The company has a fifty day moving average of $167.91 and a 200-day moving average of $146.06. FTAI Aviation Ltd. has a 52-week low of $75.06 and a 52-week high of $194.36.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings results on Monday, October 27th. The financial services provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.09). FTAI Aviation had a return on equity of 370.51% and a net margin of 20.82%.The business had revenue of $667.06 million during the quarter, compared to the consensus estimate of $662.51 million. During the same period in the prior year, the firm earned $0.76 earnings per share. The business’s revenue for the quarter was up 43.2% on a year-over-year basis. On average, equities research analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Monday, November 10th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, November 10th. FTAI Aviation’s payout ratio is 31.96%.

Insiders Place Their Bets

In related news, COO David Moreno purchased 4,354 shares of FTAI Aviation stock in a transaction that occurred on Thursday, November 13th. The shares were acquired at an average cost of $153.89 per share, for a total transaction of $670,037.06. Following the transaction, the chief operating officer directly owned 4,354 shares in the company, valued at $670,037.06. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FTAI. Jones Trading assumed coverage on shares of FTAI Aviation in a research note on Friday, October 10th. They issued a “buy” rating and a $306.00 target price on the stock. BTIG Research reissued a “buy” rating and issued a $230.00 price target on shares of FTAI Aviation in a report on Wednesday, November 19th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FTAI Aviation in a report on Monday. Royal Bank Of Canada increased their target price on FTAI Aviation from $185.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Finally, Wall Street Zen downgraded FTAI Aviation from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $201.11.

FTAI Aviation Company Profile

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.