BNP Paribas Financial Markets Acquires New Shares in FTAI Aviation Ltd. (NYSE:FTAI)

BNP Paribas Financial Markets purchased a new stake in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 135,457 shares of the financial services provider's stock, valued at approximately $19,511,000. BNP Paribas Financial Markets owned about 0.13% of FTAI Aviation as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital International Investors raised its holdings in shares of FTAI Aviation by 39.7% in the fourth quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider's stock valued at $1,537,940,000 after purchasing an additional 3,034,838 shares during the last quarter. Vanguard Group Inc. grew its stake in FTAI Aviation by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 10,547,939 shares of the financial services provider's stock valued at $1,519,325,000 after purchasing an additional 184,730 shares during the period. Hood River Capital Management LLC increased its position in shares of FTAI Aviation by 8.0% during the 4th quarter. Hood River Capital Management LLC now owns 2,069,824 shares of the financial services provider's stock valued at $298,137,000 after purchasing an additional 153,909 shares during the last quarter. Norges Bank bought a new stake in shares of FTAI Aviation during the 4th quarter worth $183,688,000. Finally, William Blair Investment Management LLC bought a new stake in shares of FTAI Aviation during the 4th quarter worth $174,372,000. 88.96% of the stock is owned by institutional investors.

Insider Transactions at FTAI Aviation

In other news, 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, with a total value of $283,620.00. Following the purchase, the chief executive officer now owns 341,852 shares of the company's stock, valued at approximately $32,318,688.08. The trade was a 0.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, insider Stacy Kuperus bought 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, with a total value of $100,982.30. Following the acquisition, the insider now directly owns 88,423 shares in the company, valued at approximately $8,214,496.70. This trade represents a 1.24% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 10,667 shares of company stock worth $1,008,715 in the last ninety days. Insiders own 1.30% of the company's stock.

FTAI Aviation Stock Performance

FTAI stock traded up $4.85 during midday trading on Tuesday, reaching $117.81. 1,688,479 shares of the company traded hands, compared to its average volume of 1,778,645. FTAI Aviation Ltd. has a 52-week low of $75.06 and a 52-week high of $181.64. The business has a 50 day moving average of $103.06 and a 200-day moving average of $124.97. The firm has a market capitalization of $12.08 billion, a price-to-earnings ratio of -1,177.98 and a beta of 1.64.

FTAI Aviation (NYSE:FTAI - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share for the quarter, missing the consensus estimate 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 period in the prior year, the company earned $0.31 earnings per share. FTAI Aviation's revenue was up 53.7% compared to the same quarter last year. Research analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 16th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.20 annualized dividend and a yield of 1.02%. FTAI Aviation's dividend payout ratio (DPR) is currently 571.43%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on FTAI shares. Citizens Jmp upgraded shares of FTAI Aviation to a "strong-buy" rating in a report on Thursday, May 8th. StockNews.com upgraded FTAI Aviation to a "sell" rating in a research note on Wednesday, April 23rd. Barclays lowered their price objective on FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Morgan Stanley lowered their price objective on FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Finally, JMP Securities reduced their price target on FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating for the company in a research report on Thursday, May 8th. One investment 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. Based on data from MarketBeat.com, FTAI Aviation has an average rating of "Moderate Buy" and a consensus price target of $171.83.

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.