Joseph P. Jr. Adams Purchases 3,000 Shares of FTAI Aviation Ltd. (NYSE:FTAI) Stock

FTAI Aviation Ltd. (NYSE:FTAI) CEO Joseph P. Jr. Adams bought 3,000 shares of the business’s stock in a transaction dated Friday, May 2nd. The shares were bought at an average price of $94.54 per share, with a total value of $283,620.00. Following the purchase, the chief executive officer now owns 341,852 shares in the company, valued at $32,318,688.08. The trade was a 0.89 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

FTAI Aviation Stock Performance

NYSE:FTAI opened at $89.95 on Friday. FTAI Aviation Ltd. has a 52 week low of $75.06 and a 52 week high of $181.64. The firm’s fifty day moving average is $105.00 and its 200-day moving average is $126.54. The firm has a market cap of $9.22 billion, a P/E ratio of -899.41 and a beta of 1.64.

FTAI Aviation (NYSE:FTAI) last announced its earnings results on Wednesday, April 30th. The financial services provider reported $0.87 EPS 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 company’s quarterly revenue was up 53.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.31 EPS. As a group, sell-side analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 16th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.33%. The ex-dividend date is Friday, May 16th. FTAI Aviation’s dividend payout ratio is presently 571.43%.

Institutional Investors Weigh In On FTAI Aviation

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital International Investors grew its stake in shares of FTAI Aviation by 39.7% in the 4th quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider’s stock valued at $1,537,940,000 after buying an additional 3,034,838 shares during the period. Vanguard Group Inc. grew its stake in FTAI Aviation by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 10,547,939 shares of the financial services provider’s stock valued at $1,519,325,000 after acquiring an additional 184,730 shares during the period. Hood River Capital Management LLC increased its holdings in shares of FTAI Aviation by 8.0% during the fourth quarter. Hood River Capital Management LLC now owns 2,069,824 shares of the financial services provider’s stock valued at $298,137,000 after acquiring an additional 153,909 shares in the last quarter. Two Sigma Advisers LP raised its position in shares of FTAI Aviation by 24.5% during the fourth quarter. Two Sigma Advisers LP now owns 1,305,400 shares of the financial services provider’s stock worth $188,030,000 after purchasing an additional 256,800 shares during the period. Finally, Norges Bank bought a new position in shares of FTAI Aviation in the 4th quarter worth $183,688,000. 88.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Royal Bank of Canada cut 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. Wolfe Research raised FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price target for the company in a report on Friday, January 10th. Barclays lowered their price objective on FTAI Aviation from $180.00 to $150.00 and set an “overweight” rating on the stock in a research report on Thursday. Morgan Stanley dropped their price target on FTAI Aviation from $168.00 to $138.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. Finally, Citigroup reaffirmed a “buy” rating on shares of FTAI Aviation in a report on Thursday, March 6th. One research analyst has rated the stock with a sell rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $167.83.

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.