Allspring Global Investments Holdings LLC Has $378,000 Position in FTAI Aviation Ltd. (NASDAQ:FTAI)

Allspring Global Investments Holdings LLC lowered its position in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 53.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,325 shares of the financial services provider's stock after selling 3,747 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in FTAI Aviation were worth $378,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Sequoia Financial Advisors LLC increased its stake in shares of FTAI Aviation by 6.3% in the first quarter. Sequoia Financial Advisors LLC now owns 18,669 shares of the financial services provider's stock valued at $2,073,000 after purchasing an additional 1,107 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of FTAI Aviation by 11.1% during the first quarter. Oppenheimer & Co. Inc. now owns 4,800 shares of the financial services provider's stock valued at $533,000 after acquiring an additional 479 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in shares of FTAI Aviation by 5.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,879 shares of the financial services provider's stock valued at $986,000 after acquiring an additional 443 shares during the period. Praxis Investment Management Inc. increased its stake in shares of FTAI Aviation by 99.3% during the first quarter. Praxis Investment Management Inc. now owns 2,810 shares of the financial services provider's stock valued at $312,000 after acquiring an additional 1,400 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of FTAI Aviation by 57.2% during the first quarter. Blue Trust Inc. now owns 613 shares of the financial services provider's stock valued at $68,000 after acquiring an additional 223 shares during the period. Institutional investors and hedge funds own 88.96% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a research note on Thursday. Wall Street Zen upgraded shares of FTAI Aviation to a "sell" rating in a research note on Wednesday, April 23rd. Stifel Nicolaus upgraded 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 note on Friday, May 2nd. JMP Securities lowered their price objective 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. Finally, Barclays lowered their price objective on shares of FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $171.83.

Insider Buying and Selling

In related news, COO David Moreno bought 6,580 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was bought at an average price of $94.85 per share, with a total value of $624,113.00. Following the purchase, the chief operating officer directly owned 231,623 shares of the company's stock, valued at approximately $21,969,441.55. This represents a 2.92% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Stacy Kuperus bought 1,087 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were bought at an average cost of $92.90 per share, with a total value of $100,982.30. Following the purchase, the insider directly owned 88,423 shares in the company, 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. In the last 90 days, insiders bought 10,667 shares of company stock valued at $1,008,715. Company insiders own 1.60% of the company's stock.

FTAI Aviation Price Performance

FTAI Aviation stock traded up $3.68 during midday trading on Monday, reaching $114.66. The stock had a trading volume of 1,576,384 shares, compared to its average volume of 2,464,993. The firm's fifty day simple moving average is $118.39 and its two-hundred day simple moving average is $115.45. FTAI Aviation Ltd. has a twelve month low of $75.06 and a twelve month high of $181.64. The firm has a market cap of $11.76 billion, a price-to-earnings ratio of 546.00 and a beta of 1.62.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last posted its quarterly earnings data 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 return on equity of 438.32% and a net margin of 3.74%. During the same quarter last year, the business posted $0.31 earnings per share. The business's revenue for the quarter was up 53.7% on a year-over-year basis. As a group, sell-side analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal 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 1.05%. The ex-dividend date was Friday, May 16th. 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.