3,000 Shares in FTAI Aviation Ltd. (NYSE:FTAI) Acquired by Cary Street Partners Financial LLC

Cary Street Partners Financial LLC purchased a new position in shares of FTAI Aviation Ltd. (NYSE:FTAI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,000 shares of the financial services provider’s stock, valued at approximately $432,000.

A number of other large investors also recently modified their holdings of the company. Transce3nd LLC purchased a new position in FTAI Aviation in the fourth quarter valued at $29,000. Kapitalo Investimentos Ltda acquired a new position in shares of FTAI Aviation during the 4th quarter worth about $30,000. Private Trust Co. NA increased its holdings in shares of FTAI Aviation by 221.1% in the 4th quarter. Private Trust Co. NA now owns 244 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 168 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of FTAI Aviation during the 4th quarter worth about $36,000. Finally, Blue Trust Inc. purchased a new stake in FTAI Aviation during the fourth quarter worth approximately $56,000. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Price Performance

Shares of NYSE FTAI opened at $107.12 on Friday. The company has a market cap of $10.99 billion, a PE ratio of -1,071.09 and a beta of 1.64. The stock has a fifty day moving average price of $103.06 and a 200 day moving average price of $125.42. FTAI Aviation Ltd. has a 1-year low of $75.06 and a 1-year high of $181.64.

FTAI Aviation (NYSE:FTAI) last issued its earnings results on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.08). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The firm’s revenue was up 53.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 earnings per share. Analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 16th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Friday, May 16th. FTAI Aviation’s dividend payout ratio (DPR) is 571.43%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Barclays cut their price objective on shares of FTAI Aviation from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday, May 1st. Royal Bank of Canada reduced their price target on shares of FTAI Aviation from $140.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Stifel Nicolaus upgraded shares of FTAI Aviation from a “hold” rating to a “buy” rating and set a $123.00 price objective for the company in a research note on Friday, May 2nd. Citigroup reissued a “buy” rating on shares of FTAI Aviation in a report on Thursday, March 6th. Finally, Citizens Jmp upgraded FTAI Aviation to a “strong-buy” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $171.83.

Insider Activity at FTAI Aviation

In related news, COO David Moreno purchased 6,580 shares of FTAI Aviation stock in a transaction dated Friday, May 2nd. The stock was bought at an average cost of $94.85 per share, for a total transaction of $624,113.00. Following the transaction, the chief operating officer now owns 231,623 shares in the company, valued at approximately $21,969,441.55. The trade was a 2.92 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Stacy Kuperus purchased 1,087 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was purchased at an average price of $92.90 per share, for a total transaction of $100,982.30. Following the acquisition, the insider now owns 88,423 shares in the company, valued at approximately $8,214,496.70. This trade represents a 1.24 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 10,667 shares of company stock worth $1,008,715 over the last three months. 1.30% of the stock is currently owned by corporate insiders.

About FTAI Aviation

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.