ACR Alpine Capital Research LLC Invests $1.39 Million in FTAI Aviation Ltd. (NASDAQ:FTAI)

ACR Alpine Capital Research LLC bought a new stake in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 12,500 shares of the financial services provider's stock, valued at approximately $1,388,000.

Other institutional investors also recently made changes to their positions in the company. Capital International Investors boosted its position in shares of FTAI Aviation by 39.7% during the fourth quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider's stock worth $1,537,940,000 after buying an additional 3,034,838 shares during the period. Vanguard Group Inc. raised its stake in FTAI Aviation by 1.8% during 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 acquiring an additional 184,730 shares in the last quarter. Hood River Capital Management LLC boosted its position in 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 acquiring an additional 153,909 shares during the period. Two Sigma Advisers LP grew its stake in shares of FTAI Aviation by 24.5% in the fourth quarter. Two Sigma Advisers LP now owns 1,305,400 shares of the financial services provider's stock worth $188,030,000 after purchasing an additional 256,800 shares in the last quarter. Finally, Norges Bank bought a new position in shares of FTAI Aviation in the fourth quarter worth $183,688,000. 88.96% of the stock is owned by institutional investors.

FTAI Aviation Trading Down 2.0%

Shares of NASDAQ FTAI traded down $2.28 during mid-day trading on Thursday, reaching $109.92. The company had a trading volume of 825,447 shares, compared to its average volume of 2,195,089. The company has a 50-day moving average price of $118.89 and a two-hundred day moving average price of $114.35. The stock has a market cap of $11.27 billion, a PE ratio of 523.43 and a beta of 1.62. FTAI Aviation Ltd. has a 1-year low of $75.06 and a 1-year high of $181.64.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last issued its quarterly earnings results 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 return on equity of 438.32% and a net margin of 3.74%. During the same period in the previous year, the firm posted $0.31 earnings per share. The business's revenue for the quarter was up 53.7% on a year-over-year basis. On average, research analysts expect that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 16th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend was Friday, May 16th. FTAI Aviation's dividend payout ratio is 571.43%.

Insiders Place Their Bets

In other FTAI Aviation news, COO David Moreno bought 6,580 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was acquired at an average price of $94.85 per share, with a total value of $624,113.00. Following the completion of the transaction, the chief operating officer directly owned 231,623 shares in the company, valued at approximately $21,969,441.55. This represents a 2.92% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joseph P. Jr. Adams purchased 3,000 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The shares were acquired at an average cost of $94.54 per share, for a total transaction of $283,620.00. Following the completion of the transaction, the chief executive officer directly owned 341,852 shares of the company's stock, valued at $32,318,688.08. This trade represents a 0.89% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have bought 10,667 shares of company stock worth $1,008,715. Corporate insiders own 1.30% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on FTAI shares. Citigroup restated a "buy" rating on shares of FTAI Aviation in a research note on Thursday, July 10th. 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 research note on Friday, May 2nd. Wall Street Zen upgraded shares of FTAI Aviation to a "sell" rating in a research note on Wednesday, April 23rd. Barclays cut their target price on FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Finally, JMP Securities lowered their price target on FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating on the stock in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $171.83.

FTAI Aviation Company 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.