Cary Street Partners Financial LLC Makes New $432,000 Investment in FTAI Aviation Ltd. (NYSE:FTAI)

Cary Street Partners Financial LLC acquired a new position in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,000 shares of the financial services provider's stock, valued at approximately $432,000.

Several other hedge funds have also recently bought and sold shares of FTAI. Sara Bay Financial acquired a new stake in FTAI Aviation in the fourth quarter valued at approximately $547,000. Ibex Wealth Advisors bought a new position in shares of FTAI Aviation in the 4th quarter valued at $3,518,000. Rhumbline Advisers boosted its holdings in shares of FTAI Aviation by 2.2% during the 4th quarter. Rhumbline Advisers now owns 142,072 shares of the financial services provider's stock valued at $20,464,000 after acquiring an additional 3,121 shares in the last quarter. SeaCrest Wealth Management LLC grew its position in FTAI Aviation by 77.1% during the 4th quarter. SeaCrest Wealth Management LLC now owns 6,555 shares of the financial services provider's stock worth $944,000 after acquiring an additional 2,853 shares during the last quarter. Finally, Verde Servicos Internacionais S.A. acquired a new position in FTAI Aviation in the 4th quarter worth about $9,776,000. 88.96% of the stock is owned by institutional investors.

Insider Buying and Selling at FTAI Aviation

In related news, insider Stacy Kuperus acquired 1,087 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were purchased at an average price of $92.90 per share, for a total transaction of $100,982.30. Following the completion of the acquisition, the insider now owns 88,423 shares in the company, valued at approximately $8,214,496.70. This represents a 1.24% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CEO Joseph P. Jr. Adams purchased 3,000 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were purchased at an average price of $94.54 per share, with a total value of $283,620.00. Following the completion of the acquisition, the chief executive officer now directly owns 341,852 shares in the company, valued at $32,318,688.08. The trade was a 0.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 10,667 shares of company stock valued at $1,008,715 in the last 90 days. Corporate insiders own 1.30% of the company's stock.

FTAI Aviation Stock Performance

NYSE FTAI traded up $5.83 on Monday, hitting $112.96. 1,329,809 shares of the stock traded hands, compared to its average volume of 1,773,908. FTAI Aviation Ltd. has a 12 month low of $75.06 and a 12 month high of $181.64. The business's fifty day moving average is $103.06 and its two-hundred day moving average is $124.97. The firm has a market capitalization of $11.58 billion, a price-to-earnings ratio of -1,129.49 and a beta of 1.64.

FTAI Aviation (NYSE:FTAI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.87 EPS for the quarter, missing analysts' consensus estimates of $0.95 by ($0.08). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. During the same quarter in the previous year, the firm earned $0.31 EPS. The business's quarterly revenue was up 53.7% on a year-over-year basis. Analysts expect that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 16th will be issued a $0.30 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.20 annualized dividend and a dividend yield of 1.06%. FTAI Aviation's payout ratio is currently 571.43%.

Wall Street Analysts Forecast Growth

FTAI has been the subject of several recent research reports. Royal Bank of Canada decreased their price target 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, May 2nd. Morgan Stanley cut 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. StockNews.com raised FTAI Aviation to a "sell" rating in a research note on Wednesday, April 23rd. Barclays decreased 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 report on Thursday, May 1st. Finally, Citizens Jmp raised shares of FTAI Aviation to a "strong-buy" rating in a research note on Thursday. One equities 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 data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $171.83.

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.