D. E. Shaw & Co. Inc. Takes $930,000 Position in FTAI Aviation Ltd. (NYSE:FTAI)

D. E. Shaw & Co. Inc. bought a new stake in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 6,460 shares of the financial services provider's stock, valued at approximately $930,000.

Several other hedge funds have also made changes to their positions in FTAI. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in FTAI Aviation by 179.7% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,562 shares of the financial services provider's stock valued at $657,000 after purchasing an additional 2,931 shares during the last quarter. Concentric Capital Strategies LP purchased a new stake in shares of FTAI Aviation in the 4th quarter valued at $15,360,000. Corton Capital Inc. raised its holdings in shares of FTAI Aviation by 32.6% in the 4th quarter. Corton Capital Inc. now owns 2,001 shares of the financial services provider's stock valued at $288,000 after buying an additional 492 shares during the period. Crestline Management LP acquired a new position in FTAI Aviation during the 4th quarter worth about $950,000. Finally, Centiva Capital LP purchased a new stake in FTAI Aviation during the fourth quarter worth about $295,000. Hedge funds and other institutional investors own 88.96% of the company's stock.

FTAI Aviation Stock Down 0.4%

FTAI traded down $0.49 during trading on Thursday, hitting $117.75. 749,441 shares of the stock were exchanged, compared to its average volume of 1,785,009. FTAI Aviation Ltd. has a 1-year low of $75.06 and a 1-year high of $181.64. The stock has a fifty day moving average price of $106.14 and a two-hundred day moving average price of $122.70. The firm has a market capitalization of $12.08 billion, a P/E ratio of -1,177.38 and a beta of 1.64.

FTAI Aviation (NYSE:FTAI - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.87 EPS 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%. The business's quarterly revenue was up 53.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 earnings per share. Analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 16th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.02%. FTAI Aviation's payout ratio is 571.43%.

Insider Buying and Selling

In other news, CEO Joseph P. Jr. Adams acquired 3,000 shares of the business's stock in a transaction on Friday, May 2nd. The stock was bought at an average price of $94.54 per share, for a total transaction of $283,620.00. Following the transaction, the chief executive officer now owns 341,852 shares in the company, valued at $32,318,688.08. This represents a 0.89% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Stacy Kuperus purchased 1,087 shares of the company'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 purchase, 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. Insiders have purchased a total of 10,667 shares of company stock valued at $1,008,715 over the last quarter. 1.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Morgan Stanley reduced 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. JMP Securities cut their target price on shares of FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating on the stock in a research note on Thursday, May 8th. Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a research note on Thursday, March 6th. 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. Finally, Barclays decreased their price objective 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. One 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. According to MarketBeat.com, FTAI Aviation currently has a consensus rating of "Moderate Buy" and an average 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.