Global Assets Advisory LLC Takes $1.56 Million Position in FTAI Aviation Ltd. (NYSE:FTAI)

Global Assets Advisory LLC bought a new position in shares of FTAI Aviation Ltd. (NYSE:FTAIFree Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,116 shares of the financial services provider’s stock, valued at approximately $1,556,000.

Other institutional investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its holdings in shares of FTAI Aviation by 37.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 848 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 231 shares in the last quarter. CWM LLC purchased a new stake in FTAI Aviation during the fourth quarter valued at $43,000. USA Financial Formulas lifted its position in FTAI Aviation by 1,684.6% during the fourth quarter. USA Financial Formulas now owns 1,624 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 1,533 shares during the last quarter. Tucker Asset Management LLC grew its stake in shares of FTAI Aviation by 726.5% in the 4th quarter. Tucker Asset Management LLC now owns 1,653 shares of the financial services provider’s stock worth $77,000 after buying an additional 1,453 shares in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of FTAI Aviation in the 4th quarter worth about $109,000. 88.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other FTAI Aviation news, CEO Joseph P. Jr. Adams acquired 59,000 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were purchased at an average cost of $82.00 per share, for a total transaction of $4,838,000.00. Following the completion of the purchase, the chief executive officer now owns 197,382 shares in the company, valued at $16,185,324. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on FTAI shares. Royal Bank of Canada increased their price target on shares of FTAI Aviation from $85.00 to $95.00 and gave the company an “outperform” rating in a report on Friday, June 7th. JMP Securities lifted their target price on FTAI Aviation from $66.00 to $85.00 and gave the stock a “market outperform” rating in a report on Monday, April 29th. Stifel Nicolaus boosted their target price on FTAI Aviation from $59.00 to $66.00 and gave the company a “hold” rating in a research report on Monday, April 29th. Morgan Stanley raised their price target on FTAI Aviation from $85.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, June 13th. Finally, Compass Point boosted their price objective on shares of FTAI Aviation from $88.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.29.

Read Our Latest Analysis on FTAI

FTAI Aviation Stock Performance

Shares of NYSE FTAI opened at $100.71 on Thursday. FTAI Aviation Ltd. has a 52-week low of $27.94 and a 52-week high of $101.53. The firm has a market capitalization of $10.10 billion, a price-to-earnings ratio of 45.99 and a beta of 1.95. The stock has a 50 day moving average price of $81.26 and a 200 day moving average price of $64.52.

FTAI Aviation (NYSE:FTAIGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). The firm had revenue of $326.70 million for the quarter, compared to the consensus estimate of $302.07 million. FTAI Aviation had a return on equity of 188.45% and a net margin of 21.08%. FTAI Aviation’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.22 EPS. Analysts forecast that FTAI Aviation Ltd. will post 2.09 earnings per share for the current year.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Friday, May 10th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Thursday, May 9th. FTAI Aviation’s dividend payout ratio (DPR) is 54.79%.

FTAI Aviation Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for FTAI Aviation (NYSE:FTAI)

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