American Assets Investment Management LLC Sells 1,748 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

American Assets Investment Management LLC lowered its position in FTAI Aviation Ltd. (NYSE:FTAI) by 16.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 8,927 shares of the financial services provider’s stock after selling 1,748 shares during the period. American Assets Investment Management LLC’s holdings in FTAI Aviation were worth $1,286,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Virtus Fund Advisers LLC bought a new stake in FTAI Aviation during the fourth quarter valued at approximately $26,000. Transce3nd LLC purchased a new stake in shares of FTAI Aviation in the fourth quarter worth $29,000. Kapitalo Investimentos Ltda bought a new stake in shares of FTAI Aviation during the fourth quarter valued at approximately $30,000. Private Trust Co. NA boosted its holdings in FTAI Aviation by 221.1% in the fourth quarter. Private Trust Co. NA now owns 244 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 168 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of FTAI Aviation during the 4th quarter valued at about $36,000. Institutional investors own 88.96% of the company’s stock.

Insiders Place Their Bets

In other news, insider Stacy Kuperus purchased 1,087 shares of the business’s stock in a transaction dated Friday, May 2nd. The shares were purchased at an average price of $92.90 per share, for a total transaction of $100,982.30. Following the completion of the purchase, the insider now owns 88,423 shares in the company, valued at approximately $8,214,496.70. This represents a 1.24% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Joseph P. Jr. Adams acquired 3,000 shares of the firm’s stock in a transaction dated Friday, May 2nd. The shares were acquired at an average price of $94.54 per share, with a total value of $283,620.00. Following the acquisition, the chief executive officer now owns 341,852 shares in the company, valued at approximately $32,318,688.08. The trade was a 0.89% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 10,667 shares of company stock valued at $1,008,715. Insiders own 1.60% of the company’s stock.

FTAI Aviation Stock Performance

FTAI Aviation stock opened at $119.90 on Wednesday. FTAI Aviation Ltd. has a fifty-two week low of $75.06 and a fifty-two week high of $181.64. The stock has a market cap of $12.30 billion, a PE ratio of -1,198.88 and a beta of 1.64. The firm’s 50-day simple moving average is $105.87 and its 200 day simple moving average is $123.06.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings data 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 return on equity of 206.25% and a net margin of 1.59%. During the same quarter in the prior year, the firm earned $0.31 earnings per share. The firm’s quarterly revenue was up 53.7% on a year-over-year basis. As a group, analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 16th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend was Friday, May 16th. FTAI Aviation’s payout ratio is currently 571.43%.

Analysts Set New Price Targets

Several analysts have commented on FTAI shares. Morgan Stanley decreased their price target on shares of FTAI Aviation from $168.00 to $138.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Wall Street Zen upgraded FTAI Aviation to a “sell” rating in a research note on Wednesday, April 23rd. Citigroup restated a “buy” rating on shares of FTAI Aviation in a research report on Thursday, March 6th. Royal Bank of Canada lowered their price objective 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. Finally, JMP Securities decreased their target price on FTAI Aviation from $190.00 to $180.00 and set a “market outperform” rating for the company in a research note on Thursday, May 8th. One 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 stock. According to MarketBeat.com, FTAI Aviation currently has a consensus rating of “Moderate Buy” and an average target price of $171.83.

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.