18,000 Shares in FTAI Aviation Ltd. $FTAI Bought by Alberta Investment Management Corp

Alberta Investment Management Corp purchased a new position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,000 shares of the financial services provider’s stock, valued at approximately $2,071,000.

Several other large investors have also bought and sold shares of the stock. Virtus Advisers LLC purchased a new stake in FTAI Aviation during the first quarter worth about $29,000. Parallel Advisors LLC boosted its stake in FTAI Aviation by 78.5% in the second quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 135 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new position in shares of FTAI Aviation during the 1st quarter valued at approximately $53,000. Armstrong Advisory Group Inc. purchased a new stake in shares of FTAI Aviation during the 2nd quarter worth approximately $60,000. Finally, Assetmark Inc. increased its stake in shares of FTAI Aviation by 15.8% during the 2nd quarter. Assetmark Inc. now owns 638 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 87 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FTAI has been the topic of a number of research reports. BTIG Research restated a “buy” rating and issued a $230.00 price objective on shares of FTAI Aviation in a research note on Monday, October 20th. Weiss Ratings reissued a “hold (c)” rating on shares of FTAI Aviation in a research report on Thursday. Barclays raised their price objective on shares of FTAI Aviation from $195.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Zacks Research upgraded shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 20th. Finally, JMP Securities increased their target price on FTAI Aviation from $180.00 to $205.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $201.11.

FTAI Aviation Trading Up 3.5%

NASDAQ FTAI opened at $158.30 on Monday. FTAI Aviation Ltd. has a 12 month low of $75.06 and a 12 month high of $194.36. The stock’s fifty day moving average price is $170.37 and its 200-day moving average price is $141.18. The stock has a market cap of $16.24 billion, a P/E ratio of 36.14 and a beta of 1.67.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings data on Monday, October 27th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.09). The business had revenue of $667.06 million during the quarter, compared to analysts’ expectations of $662.51 million. FTAI Aviation had a return on equity of 370.51% and a net margin of 20.82%.The business’s quarterly revenue was up 43.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.76 EPS. As a group, analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 19th. Investors of record on Monday, November 10th will be issued a dividend of $0.35 per share. The ex-dividend date is Monday, November 10th. This represents a $1.40 dividend on an annualized basis and a yield of 0.9%. FTAI Aviation’s dividend payout ratio (DPR) is presently 31.96%.

Insiders Place Their Bets

In other FTAI Aviation news, COO David Moreno bought 4,354 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were acquired at an average price of $153.89 per share, with a total value of $670,037.06. Following the transaction, the chief operating officer owned 4,354 shares of the company’s stock, valued at approximately $670,037.06. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is owned by insiders.

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.