M&T Bank Corp Has $452,000 Holdings in FTAI Aviation Ltd. (NASDAQ:FTAI)

M&T Bank Corp cut its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 2.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,066 shares of the financial services provider’s stock after selling 111 shares during the quarter. M&T Bank Corp’s holdings in FTAI Aviation were worth $452,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Clearbridge Investments LLC boosted its position in FTAI Aviation by 104.3% during the 4th quarter. Clearbridge Investments LLC now owns 463,411 shares of the financial services provider’s stock worth $66,750,000 after acquiring an additional 236,556 shares during the period. Cynosure Group LLC acquired a new stake in FTAI Aviation during the 4th quarter worth about $321,000. Harbor Capital Advisors Inc. boosted its position in FTAI Aviation by 27.3% during the 1st quarter. Harbor Capital Advisors Inc. now owns 147,753 shares of the financial services provider’s stock worth $16,405,000 after acquiring an additional 31,694 shares during the period. WCM Investment Management LLC boosted its position in FTAI Aviation by 11.2% during the 1st quarter. WCM Investment Management LLC now owns 242,083 shares of the financial services provider’s stock worth $27,200,000 after acquiring an additional 24,296 shares during the period. Finally, GAMMA Investing LLC boosted its position in FTAI Aviation by 24,780.1% during the 1st quarter. GAMMA Investing LLC now owns 47,521 shares of the financial services provider’s stock worth $5,276,000 after acquiring an additional 47,330 shares during the period. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Stock Performance

Shares of FTAI stock opened at $115.15 on Thursday. The stock’s 50 day simple moving average is $118.89 and its 200 day simple moving average is $115.35. FTAI Aviation Ltd. has a twelve month low of $75.06 and a twelve month high of $181.64. The company has a market capitalization of $11.81 billion, a price-to-earnings ratio of 548.33 and a beta of 1.62.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings data 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 period in the prior year, the company earned $0.31 earnings per share. The business’s revenue for the quarter was up 53.7% on a year-over-year basis. On average, analysts forecast that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 16th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Friday, May 16th. FTAI Aviation’s payout ratio is 571.43%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FTAI. Wall Street Zen upgraded FTAI Aviation to a “sell” rating in a research report on Wednesday, April 23rd. Citizens Jmp upgraded FTAI Aviation to a “strong-buy” rating in a report on Thursday, May 8th. Citigroup reaffirmed a “buy” rating on shares of FTAI Aviation in a research report on Thursday, July 10th. Stifel Nicolaus upgraded shares of FTAI Aviation from a “hold” rating to a “buy” rating and set a $123.00 target price for the company in a research note on Friday, May 2nd. Finally, Barclays reduced their target price on shares of FTAI Aviation from $180.00 to $150.00 and set an “overweight” rating for the company in a research note on Thursday, May 1st. One investment 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 stock. According to MarketBeat, FTAI Aviation has a consensus rating of “Moderate Buy” and an average target price of $171.83.

Insider Activity at FTAI Aviation

In other FTAI Aviation news, CEO Joseph P. Jr. Adams purchased 3,000 shares of the company’s stock in a transaction on Friday, May 2nd. The shares were bought at an average cost of $94.54 per share, with a total value of $283,620.00. Following the transaction, the chief executive officer directly owned 341,852 shares in the company, valued at approximately $32,318,688.08. This represents a 0.89% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Stacy Kuperus purchased 1,087 shares of the company’s stock in a transaction on Friday, May 2nd. The stock was acquired at an average cost of $92.90 per share, for a total transaction of $100,982.30. Following the completion of the transaction, the insider owned 88,423 shares in the company, valued at approximately $8,214,496.70. This trade represents a 1.24% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 10,667 shares of company stock valued at $1,008,715. Corporate 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.