Cerity Partners LLC Has $448,000 Position in FTAI Aviation Ltd. (NASDAQ:FTAI)

Cerity Partners LLC grew its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 176.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,035 shares of the financial services provider's stock after acquiring an additional 2,577 shares during the quarter. Cerity Partners LLC's holdings in FTAI Aviation were worth $448,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Arcadia Investment Management Corp MI boosted its stake in shares of FTAI Aviation by 73.0% during the 1st quarter. Arcadia Investment Management Corp MI now owns 815 shares of the financial services provider's stock worth $90,000 after buying an additional 344 shares during the last quarter. AlphaStar Capital Management LLC acquired a new position in FTAI Aviation during the first quarter valued at approximately $222,000. Bank of New York Mellon Corp boosted its position in FTAI Aviation by 7.2% during the first quarter. Bank of New York Mellon Corp now owns 397,819 shares of the financial services provider's stock valued at $44,170,000 after purchasing an additional 26,876 shares during the last quarter. Moody Aldrich Partners LLC boosted its holdings in shares of FTAI Aviation by 39.8% in the 1st quarter. Moody Aldrich Partners LLC now owns 40,867 shares of the financial services provider's stock valued at $4,537,000 after buying an additional 11,642 shares during the last quarter. Finally, Cannon Global Investment Management LLC acquired a new stake in shares of FTAI Aviation in the 1st quarter valued at approximately $333,000. Institutional investors and hedge funds own 88.96% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on FTAI. Barclays cut their price objective on FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a research note on Thursday, July 10th. Morgan Stanley cut their price target 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. Royal Bank Of Canada cut their target price on shares of FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Finally, Citizens Jmp upgraded shares of FTAI Aviation to a "strong-buy" rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, FTAI Aviation currently has a consensus rating of "Moderate Buy" and a consensus target price of $171.83.

FTAI Aviation Stock Up 6.6%

Shares of FTAI stock opened at $117.18 on Friday. The firm has a 50 day moving average price of $118.72 and a two-hundred day moving average price of $113.35. The company has a market capitalization of $12.02 billion, a PE ratio of 558.00 and a beta of 1.62. FTAI Aviation Ltd. has a 12-month low of $75.06 and a 12-month high of $181.64.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last posted its 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 last year, the company posted $0.31 EPS. The firm's revenue for the quarter was up 53.7% on a year-over-year basis. As a group, research analysts expect that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Announces Dividend

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

Insiders Place Their Bets

In related news, CEO Joseph P. Jr. Adams acquired 3,000 shares of the company's stock in a transaction on Friday, May 2nd. The stock was purchased at an average cost of $94.54 per share, with a total value of $283,620.00. Following the acquisition, the chief executive officer directly owned 341,852 shares of the company's stock, valued at approximately $32,318,688.08. The trade was a 0.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stacy Kuperus acquired 1,087 shares of the company's stock in a transaction on Friday, May 2nd. The stock was bought at an average cost of $92.90 per share, with a total value of $100,982.30. Following the completion of the acquisition, the insider directly owned 88,423 shares in the company, valued at approximately $8,214,496.70. This represents a 1.24% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 10,667 shares of company stock worth $1,008,715 in the last quarter. 1.30% of the stock is currently owned by corporate insiders.

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.

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