Driehaus Capital Management LLC Reduces Stock Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Driehaus Capital Management LLC trimmed its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 18.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,090,006 shares of the financial services provider's stock after selling 251,663 shares during the period. FTAI Aviation comprises approximately 1.3% of Driehaus Capital Management LLC's investment portfolio, making the stock its 8th biggest position. Driehaus Capital Management LLC owned approximately 1.06% of FTAI Aviation worth $157,004,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Barclays PLC lifted its stake in shares of FTAI Aviation by 73.5% in the third quarter. Barclays PLC now owns 214,610 shares of the financial services provider's stock worth $28,520,000 after buying an additional 90,905 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of FTAI Aviation by 102.8% in the third quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider's stock valued at $54,685,000 after purchasing an additional 208,613 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in FTAI Aviation during the fourth quarter worth $203,000. Diversified Trust Co increased its holdings in FTAI Aviation by 79.4% in the 4th quarter. Diversified Trust Co now owns 23,463 shares of the financial services provider's stock valued at $3,380,000 after buying an additional 10,383 shares during the period. Finally, Harbor Capital Advisors Inc. raised its stake in shares of FTAI Aviation by 148.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 116,059 shares of the financial services provider's stock valued at $16,717,000 after buying an additional 69,260 shares in the last quarter. Institutional investors own 88.96% of the company's stock.

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 dated Friday, May 2nd. The stock was purchased at an average price of $94.54 per share, with a total value of $283,620.00. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO David Moreno acquired 6,580 shares of FTAI Aviation stock in a transaction that occurred on Friday, May 2nd. The stock was acquired at an average cost of $94.85 per share, for a total transaction of $624,113.00. Following the purchase, the chief operating officer now owns 231,623 shares of the company's stock, valued at $21,969,441.55. The trade was a 2.92 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 10,667 shares of company stock valued at $1,008,715 over the last ninety days. 1.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on FTAI. Royal Bank of Canada reduced their price objective on FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. StockNews.com raised shares of FTAI Aviation to a "sell" rating in a research note on Wednesday, April 23rd. Wolfe Research upgraded FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 target price on the stock in a report on Friday, January 10th. Barclays lowered their price target on FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Finally, Citigroup reissued a "buy" rating on shares of FTAI Aviation in a research note on Thursday, March 6th. One analyst has rated the stock with a sell rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $167.83.

FTAI Aviation Stock Performance

NYSE FTAI opened at $109.99 on Thursday. The stock has a market cap of $11.28 billion, a PE ratio of -1,099.77 and a beta of 1.64. FTAI Aviation Ltd. has a 52-week low of $75.06 and a 52-week high of $181.64. The firm has a 50-day moving average of $103.39 and a 200-day moving average of $125.87.

FTAI Aviation (NYSE:FTAI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share (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%. The business's revenue was up 53.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.31 earnings per share. As a group, analysts predict 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. Stockholders of record on Friday, May 16th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.09%. FTAI Aviation's dividend payout ratio (DPR) is currently 571.43%.

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.

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