6,460 Shares in FTAI Aviation Ltd. (NYSE:FTAI) Purchased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. purchased a new stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 6,460 shares of the financial services provider’s stock, valued at approximately $930,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Transce3nd LLC purchased a new position in shares of FTAI Aviation during the fourth quarter valued at approximately $29,000. Kapitalo Investimentos Ltda bought a new stake in FTAI Aviation in the fourth quarter valued at $30,000. Private Trust Co. NA increased its position in FTAI Aviation by 221.1% during the 4th quarter. Private Trust Co. NA now owns 244 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 168 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in FTAI Aviation in the 4th quarter worth $36,000. Finally, Blue Trust Inc. bought a new position in FTAI Aviation in the 4th quarter worth $56,000. Institutional investors own 88.96% of the company’s stock.

FTAI Aviation Price Performance

FTAI stock opened at $114.58 on Friday. The stock has a market capitalization of $11.75 billion, a P/E ratio of -1,145.69 and a beta of 1.64. FTAI Aviation Ltd. has a 1-year low of $75.06 and a 1-year high of $181.64. The business has a fifty day moving average price of $105.49 and a 200-day moving average price of $123.74.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings data 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 return on equity of 206.25% and a net margin of 1.59%. The company’s revenue for the quarter was up 53.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.31 earnings per share. As a group, 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 declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 16th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.05%. FTAI Aviation’s dividend payout ratio is presently 571.43%.

Analyst Ratings Changes

Several equities analysts recently issued reports on FTAI shares. Stifel Nicolaus upgraded shares of FTAI Aviation from a “hold” rating to a “buy” rating and set a $123.00 price target on the stock in a research report on Friday, May 2nd. Morgan Stanley reduced their target price on FTAI Aviation from $168.00 to $138.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Citigroup restated a “buy” rating on shares of FTAI Aviation in a research note on Thursday, March 6th. JMP Securities reduced their price target on FTAI Aviation from $190.00 to $180.00 and set a “market outperform” rating on the stock in a research note on Thursday, May 8th. Finally, Wall Street Zen raised FTAI Aviation to a “sell” rating in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $171.83.

Insider Activity

In other news, insider Stacy Kuperus acquired 1,087 shares of FTAI Aviation stock in a transaction that occurred on Friday, May 2nd. The stock was bought at an average price of $92.90 per share, for a total transaction of $100,982.30. Following the completion of the transaction, the insider now owns 88,423 shares in the company, valued at $8,214,496.70. The trade was a 1.24% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joseph P. Jr. Adams bought 3,000 shares of the stock in a transaction on Friday, May 2nd. The stock was purchased at an average cost of $94.54 per share, for a total transaction of $283,620.00. Following the acquisition, the chief executive officer now owns 341,852 shares of the company’s stock, valued at $32,318,688.08. This trade represents a 0.89% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 10,667 shares of company stock valued at $1,008,715 over the last three months. Insiders own 1.30% of the company’s stock.

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.