Bank of New York Mellon Corp Buys 26,876 Shares of FTAI Aviation Ltd. (NASDAQ:FTAI)

Bank of New York Mellon Corp lifted its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 7.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 397,819 shares of the financial services provider's stock after purchasing an additional 26,876 shares during the period. Bank of New York Mellon Corp owned about 0.39% of FTAI Aviation worth $44,170,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Amalgamated Bank lifted its position in shares of FTAI Aviation by 3.5% during the first quarter. Amalgamated Bank now owns 3,518 shares of the financial services provider's stock worth $391,000 after purchasing an additional 120 shares during the last quarter. Virtus Fund Advisers LLC acquired a new position in shares of FTAI Aviation in the 4th quarter valued at about $26,000. Versant Capital Management Inc boosted its holdings in shares of FTAI Aviation by 420.9% in the 1st quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock valued at $25,000 after buying an additional 181 shares during the period. Transce3nd LLC acquired a new position in shares of FTAI Aviation in the 4th quarter valued at about $29,000. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of FTAI Aviation in the 4th quarter valued at about $30,000. Institutional investors own 88.96% of the company's stock.

FTAI Aviation Trading Up 1.4%

FTAI stock traded up $1.60 during trading on Thursday, hitting $116.75. The company had a trading volume of 190,974 shares, compared to its average volume of 2,427,580. The business has a 50 day moving average of $118.89 and a 200 day moving average of $115.35. The firm has a market capitalization of $11.97 billion, a price-to-earnings ratio of 555.95 and a beta of 1.62. FTAI Aviation Ltd. has a fifty-two week low of $75.06 and a fifty-two week high of $181.64.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released its earnings results on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share (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%. FTAI Aviation's revenue was up 53.7% compared to the same quarter last year. During the same period last year, the business earned $0.31 EPS. As a group, equities analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 16th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Friday, May 16th. FTAI Aviation's payout ratio is currently 571.43%.

Insider Buying and Selling

In related news, COO David Moreno bought 6,580 shares of FTAI Aviation stock in a transaction dated Friday, May 2nd. The stock was acquired at an average cost of $94.85 per share, with a total value of $624,113.00. Following the completion of the acquisition, the chief operating officer directly owned 231,623 shares in the company, valued at approximately $21,969,441.55. This trade represents a 2.92% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Stacy Kuperus purchased 1,087 shares of the stock in a transaction dated Friday, May 2nd. The shares were acquired at an average price of $92.90 per share, for a total transaction of $100,982.30. Following the acquisition, the insider directly owned 88,423 shares of the company's stock, valued at $8,214,496.70. This represents a 1.24% increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 10,667 shares of company stock valued at $1,008,715 over the last three months. Company insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Citigroup reaffirmed a "buy" rating on shares of FTAI Aviation in a report on Thursday, July 10th. 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 report on Friday, May 2nd. 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 report on Friday, May 2nd. Citizens Jmp raised shares of FTAI Aviation to a "strong-buy" rating in a report on Thursday, May 8th. Finally, JMP Securities dropped 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 report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.