Baillie Gifford & Co. Lowers Stake in FTAI Aviation Ltd. $FTAI

Baillie Gifford & Co. lessened its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI) by 5.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,427,732 shares of the financial services provider’s stock after selling 141,557 shares during the period. Baillie Gifford & Co. owned about 2.37% of FTAI Aviation worth $405,091,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of FTAI. Ensign Peak Advisors Inc grew its holdings in FTAI Aviation by 67.4% in the second quarter. Ensign Peak Advisors Inc now owns 3,075,788 shares of the financial services provider’s stock valued at $353,839,000 after purchasing an additional 1,238,294 shares during the period. Norges Bank purchased a new position in shares of FTAI Aviation during the 2nd quarter valued at approximately $142,012,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in FTAI Aviation by 1,678.6% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,140,542 shares of the financial services provider’s stock valued at $131,208,000 after acquiring an additional 1,076,416 shares during the period. Northern Right Capital Management L.P. increased its holdings in FTAI Aviation by 884.1% in the 2nd quarter. Northern Right Capital Management L.P. now owns 885,675 shares of the financial services provider’s stock worth $101,888,000 after acquiring an additional 795,675 shares in the last quarter. Finally, Rubric Capital Management LP raised its position in FTAI Aviation by 28.3% during the second quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider’s stock worth $390,455,000 after acquiring an additional 749,080 shares during the period. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FTAI. Wolfe Research reiterated an “outperform” rating and issued a $225.00 target price on shares of FTAI Aviation in a research report on Wednesday, December 31st. BTIG Research raised their price target on shares of FTAI Aviation from $230.00 to $335.00 and gave the company a “buy” rating in a research note on Friday. Royal Bank Of Canada boosted their price objective on FTAI Aviation from $185.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Wall Street Zen cut FTAI Aviation from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Finally, Morgan Stanley raised their target price on FTAI Aviation from $220.00 to $266.00 and gave the company an “overweight” rating in a research report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, FTAI Aviation presently has an average rating of “Moderate Buy” and an average price target of $240.00.

Insider Buying and Selling at FTAI Aviation

In other news, COO David Moreno purchased 4,354 shares of the business’s stock in a transaction dated Thursday, November 13th. The stock was acquired at an average price of $153.89 per share, for a total transaction of $670,037.06. Following the acquisition, the chief operating officer directly owned 4,354 shares of the company’s stock, valued at approximately $670,037.06. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is currently owned by company insiders.

FTAI Aviation Stock Performance

NASDAQ FTAI opened at $292.10 on Friday. The stock’s fifty day moving average is $199.42 and its two-hundred day moving average is $169.21. The firm has a market capitalization of $29.96 billion, a P/E ratio of 66.69 and a beta of 1.54. FTAI Aviation Ltd. has a fifty-two week low of $81.45 and a fifty-two week high of $310.00.

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

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Monday, November 10th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.40 dividend on an annualized basis and a yield of 0.5%. FTAI Aviation’s payout ratio is 31.96%.

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.