Cresset Asset Management LLC Sells 4,687 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Cresset Asset Management LLC trimmed its position in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 35.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,643 shares of the financial services provider's stock after selling 4,687 shares during the quarter. Cresset Asset Management LLC's holdings in FTAI Aviation were worth $1,245,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Capital International Investors increased its stake in shares of FTAI Aviation by 39.7% during the 4th quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider's stock worth $1,537,940,000 after purchasing an additional 3,034,838 shares in the last quarter. Vanguard Group Inc. raised 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 last quarter. Hood River Capital Management LLC boosted its stake 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 worth $298,137,000 after purchasing an additional 153,909 shares during the last quarter. Norges Bank acquired a new position in shares of FTAI Aviation in the fourth quarter valued at approximately $183,688,000. Finally, William Blair Investment Management LLC acquired a new stake in FTAI Aviation during the fourth quarter worth approximately $174,372,000. Institutional investors and hedge funds own 88.96% of the company's stock.

Insider Transactions at FTAI Aviation

In other news, COO David Moreno acquired 6,580 shares of FTAI Aviation stock in a transaction on Friday, May 2nd. The shares were purchased at an average price of $94.85 per share, with a total value of $624,113.00. Following the acquisition, the chief operating officer now owns 231,623 shares in the company, valued at $21,969,441.55. This represents a 2.92% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Stacy Kuperus acquired 1,087 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was purchased at an average price of $92.90 per share, with a total value of $100,982.30. Following the completion of the transaction, the insider now owns 88,423 shares of the company's stock, 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. Over the last 90 days, insiders bought 10,667 shares of company stock valued at $1,008,715. Corporate insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Barclays reduced their target price on FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Stifel Nicolaus raised shares of FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price target for the company in a report on Friday, May 2nd. StockNews.com raised shares of FTAI Aviation to a "sell" rating in a research note on Wednesday, April 23rd. Royal Bank of Canada decreased their price target on shares of FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Finally, Citizens Jmp upgraded FTAI Aviation to a "strong-buy" rating in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $171.83.

FTAI Aviation Price Performance

Shares of NYSE FTAI traded down $0.64 during trading hours on Thursday, reaching $117.71. The stock had a trading volume of 1,499,512 shares, compared to its average volume of 1,779,548. The business's fifty day moving average is $103.53 and its two-hundred day moving average is $124.88. FTAI Aviation Ltd. has a twelve month low of $75.06 and a twelve month high of $181.64. The company has a market cap of $12.07 billion, a price-to-earnings ratio of -1,176.98 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 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%. The firm's revenue was up 53.7% on a year-over-year basis. During the same period last year, the company earned $0.31 EPS. Sell-side analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

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 is Friday, May 16th. This represents a $1.20 annualized dividend and a yield of 1.02%. FTAI Aviation's dividend payout ratio is 571.43%.

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.