111 Capital Purchases New Stake in FTAI Aviation Ltd. (NYSE:FTAI)

111 Capital bought a new stake in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 4,635 shares of the financial services provider's stock, valued at approximately $668,000.

A number of other large investors also recently added to or reduced their stakes in FTAI. Virtus Fund Advisers LLC acquired a new stake in shares of FTAI Aviation in the 4th quarter valued at approximately $26,000. Transce3nd LLC acquired a new position in FTAI Aviation during the fourth quarter worth $29,000. Kapitalo Investimentos Ltda acquired a new position in FTAI Aviation during the fourth quarter worth $30,000. Private Trust Co. NA boosted its holdings in FTAI Aviation by 221.1% during the fourth quarter. Private Trust Co. NA now owns 244 shares of the financial services provider's stock worth $35,000 after purchasing an additional 168 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in FTAI Aviation during the fourth quarter worth $36,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FTAI has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of FTAI Aviation to a "sell" rating in a research note on Wednesday, April 23rd. Royal Bank of Canada dropped their price objective 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. Morgan Stanley dropped their price objective on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Stifel Nicolaus raised shares of FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price objective on the stock in a research report on Friday, May 2nd. Finally, Citigroup reaffirmed a "buy" rating on shares of FTAI Aviation in a research report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, FTAI Aviation has an average rating of "Moderate Buy" and a consensus target price of $171.83.

FTAI Aviation Stock Up 2.7%

FTAI stock traded up $3.20 during midday trading on Monday, reaching $120.35. 867,867 shares of the company's stock traded hands, compared to its average volume of 1,779,726. The company has a market cap of $12.34 billion, a price-to-earnings ratio of -1,203.38 and a beta of 1.64. The firm's fifty day moving average price is $106.27 and its 200-day moving average price is $121.60. FTAI Aviation Ltd. has a 52 week low of $75.06 and a 52 week high of $181.64.

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%. The business's revenue was up 53.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.31 EPS. Analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 16th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.20 annualized dividend and a dividend yield of 1.00%. FTAI Aviation's payout ratio is 571.43%.

Insider Transactions at FTAI Aviation

In other news, insider Stacy Kuperus bought 1,087 shares of FTAI Aviation stock in a transaction dated Friday, May 2nd. The stock was purchased at an average price of $92.90 per share, for a total transaction of $100,982.30. Following the purchase, the insider now directly owns 88,423 shares in the company, valued at $8,214,496.70. The trade was a 1.24% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO David Moreno bought 6,580 shares of FTAI Aviation stock in a transaction dated Friday, May 2nd. The stock was purchased at an average price of $94.85 per share, with a total value of $624,113.00. Following the purchase, the chief operating officer now owns 231,623 shares in the company, valued at approximately $21,969,441.55. This represents a 2.92% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 10,667 shares of company stock worth $1,008,715 in the last quarter. 1.30% of the stock is currently owned by corporate insiders.

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.