Edgestream Partners L.P. Decreases Stake in FTAI Aviation Ltd. (NASDAQ:FTAI)

Edgestream Partners L.P. trimmed its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 42.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,132 shares of the financial services provider's stock after selling 16,975 shares during the quarter. Edgestream Partners L.P.'s holdings in FTAI Aviation were worth $2,568,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its stake 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 worth $25,000 after purchasing an additional 181 shares during the period. Virtus Fund Advisers LLC purchased a new position in FTAI Aviation in the 4th quarter worth about $26,000. Transce3nd LLC bought a new stake in FTAI Aviation during the 4th quarter valued at about $29,000. Kapitalo Investimentos Ltda purchased a new stake in FTAI Aviation in the 4th quarter valued at about $30,000. Finally, Rakuten Securities Inc. purchased a new stake in FTAI Aviation in the 1st quarter valued at about $34,000. 88.96% of the stock is currently owned by institutional investors.

FTAI Aviation Price Performance

NASDAQ:FTAI traded down $2.06 during midday trading on Friday, hitting $113.59. The company's stock had a trading volume of 822,465 shares, compared to its average volume of 2,311,594. FTAI Aviation Ltd. has a fifty-two week low of $75.06 and a fifty-two week high of $181.64. The firm's 50 day moving average is $119.13 and its 200-day moving average is $114.66. The firm has a market cap of $11.65 billion, a P/E ratio of 540.90 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 earnings per share (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%. FTAI Aviation's revenue for the quarter was up 53.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.31 EPS. As a group, analysts forecast 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. Stockholders of record on Friday, May 16th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend was Friday, May 16th. FTAI Aviation's dividend payout ratio (DPR) is 571.43%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Citigroup reaffirmed a "buy" rating on shares of FTAI Aviation in a research note on Thursday, July 10th. JMP Securities cut their price target on 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. Morgan Stanley decreased their target price on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Royal Bank Of Canada reduced their target price 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. Finally, Citizens Jmp raised FTAI Aviation to a "strong-buy" rating in a report on Thursday, May 8th. One investment 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.com, FTAI Aviation has a consensus rating of "Moderate Buy" and a consensus price target of $171.83.

Insider Activity at FTAI Aviation

In other news, 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 bought at an average price of $94.54 per share, for a total transaction of $283,620.00. Following the completion of the transaction, the chief executive officer owned 341,852 shares in the company, valued at $32,318,688.08. This represents a 0.89% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Stacy Kuperus bought 1,087 shares of the stock in a transaction dated Friday, May 2nd. The shares were purchased at an average cost of $92.90 per share, for a total transaction of $100,982.30. Following the completion of the purchase, the insider 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 bought a total of 10,667 shares of company stock worth $1,008,715 in the last three months. Company insiders own 1.60% of the company's stock.

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.