FTAI Aviation Ltd. (NASDAQ:FTAI) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 53.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,325 shares of the financial services provider's stock after selling 3,747 shares during the period. Allspring Global Investments Holdings LLC's holdings in FTAI Aviation were worth $378,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in FTAI. Versant Capital Management Inc raised its position in FTAI Aviation by 420.9% in the first quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 181 shares during the period. Virtus Fund Advisers LLC purchased a new stake in shares of FTAI Aviation during the fourth quarter worth $26,000. Transce3nd LLC purchased a new stake in shares of FTAI Aviation during the fourth quarter worth $29,000. Kapitalo Investimentos Ltda purchased a new stake in shares of FTAI Aviation during the fourth quarter worth $30,000. Finally, Rakuten Securities Inc. purchased a new stake in shares of FTAI Aviation during the first quarter worth $34,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on FTAI shares. JMP Securities cut their price objective 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. Royal Bank Of Canada cut their price objective on FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Citizens Jmp raised FTAI Aviation to a "strong-buy" rating in a research report on Thursday, May 8th. Stifel Nicolaus raised FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 target price on the stock in a report on Friday, May 2nd. Finally, Morgan Stanley decreased their price objective on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. One research analyst has rated the stock with a sell rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $171.83.

FTAI Aviation Stock Performance

FTAI traded down $1.70 during trading on Friday, reaching $110.98. The company's stock had a trading volume of 1,296,166 shares, compared to its average volume of 2,471,827. The company's fifty day moving average price is $117.97 and its 200-day moving average price is $115.77. FTAI Aviation Ltd. has a 52-week low of $75.06 and a 52-week high of $181.64. The company has a market capitalization of $11.38 billion, a price-to-earnings ratio of 528.48 and a beta of 1.62.

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

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 16th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.20 annualized dividend and a yield of 1.08%. FTAI Aviation's payout ratio is currently 571.43%.

Insiders Place Their Bets

In other FTAI Aviation news, insider Stacy Kuperus acquired 1,087 shares of the company's stock in a transaction dated Friday, May 2nd. The stock was acquired 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 position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO Joseph P. Jr. Adams acquired 3,000 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were acquired at an average cost of $94.54 per share, with a total value of $283,620.00. Following the completion of the purchase, the chief executive officer owned 341,852 shares in the company, valued at approximately $32,318,688.08. This represents a 0.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 10,667 shares of company stock worth $1,008,715. 1.30% of the stock is owned by company insiders.

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.