Florida Financial Advisors LLC bought a new stake in FTAI Aviation Ltd. (NASDAQ:FTAI – Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,010 shares of the financial services provider’s stock, valued at approximately $333,000.
A number of other institutional investors have also added to or reduced their stakes in the company. Amalgamated Bank lifted its stake in shares of FTAI Aviation by 3.5% in the first quarter. Amalgamated Bank now owns 3,518 shares of the financial services provider’s stock valued at $391,000 after buying an additional 120 shares in the last quarter. Virtus Fund Advisers LLC bought a new position in FTAI Aviation in the 4th quarter valued at about $26,000. Versant Capital Management Inc lifted its position in FTAI Aviation by 420.9% in the 1st quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 181 shares in the last quarter. Transce3nd LLC acquired a new position in FTAI Aviation during the 4th quarter valued at about $29,000. Finally, Kapitalo Investimentos Ltda bought a new stake in FTAI Aviation during the 4th quarter worth approximately $30,000. 88.96% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
FTAI has been the topic of a number of recent research reports. Citigroup restated a “buy” rating on shares of FTAI Aviation in a report on Thursday. Royal Bank Of Canada dropped their price objective on FTAI Aviation from $140.00 to $130.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Morgan Stanley cut their price objective on shares of FTAI Aviation from $168.00 to $138.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Barclays lowered their target price on shares of FTAI Aviation from $180.00 to $150.00 and set an “overweight” rating for the company in a report on Thursday, May 1st. Finally, JMP Securities cut their price target on shares of FTAI Aviation from $190.00 to $180.00 and set a “market outperform” rating on the stock in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $171.83.
FTAI Aviation Stock Performance
FTAI opened at $114.66 on Tuesday. FTAI Aviation Ltd. has a fifty-two week low of $75.06 and a fifty-two week high of $181.64. The firm has a 50-day moving average of $118.39 and a 200 day moving average of $115.45. The firm has a market cap of $11.76 billion, a P/E ratio of 546.00 and a beta of 1.62.
FTAI Aviation (NASDAQ:FTAI – Get Free Report) last released its earnings results on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.08). FTAI Aviation had a net margin of 3.74% and a return on equity of 438.32%. During the same quarter in the prior year, the company earned $0.31 EPS. The company’s quarterly revenue was up 53.7% compared to the same quarter last year. Equities research analysts predict that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.
FTAI Aviation Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 16th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.05%. The ex-dividend date was Friday, May 16th. FTAI Aviation’s dividend payout ratio (DPR) is 571.43%.
Insider Buying and Selling at FTAI Aviation
In other news, COO David Moreno purchased 6,580 shares of the business’s stock in a transaction dated Friday, May 2nd. The stock was bought at an average price of $94.85 per share, for a total transaction of $624,113.00. Following the purchase, the chief operating officer owned 231,623 shares of the company’s stock, valued at $21,969,441.55. The trade was a 2.92% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stacy Kuperus acquired 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 completion of the purchase, the insider directly owned 88,423 shares in the company, valued at $8,214,496.70. This trade represents a 1.24% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 10,667 shares of company stock valued at $1,008,715. Company insiders own 1.60% of the company’s stock.
FTAI Aviation 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.
Featured Articles
- Five stocks we like better than FTAI Aviation
- Market Cap Calculator: How to Calculate Market Cap
- These 3 Undervalued Stocks Could Surge as Value Rotation Nears
- Are Penny Stocks a Good Fit for Your Portfolio?
- Tilray Shares Blazing: What’s Behind the 55% Rally This Month?
- Consumer Staples Stocks, Explained
- 3 Retail Stocks to Watch as Back-to-School Spending Ramps Up
Want to see what other hedge funds are holding FTAI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FTAI Aviation Ltd. (NASDAQ:FTAI – Free Report).
Receive News & Ratings for FTAI Aviation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FTAI Aviation and related companies with MarketBeat.com's FREE daily email newsletter.