FTAI Aviation Ltd. (NASDAQ:FTAI) is Emerald Advisers LLC's Largest Position

Emerald Advisers LLC decreased its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 23.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 476,579 shares of the financial services provider's stock after selling 145,694 shares during the quarter. FTAI Aviation accounts for about 2.4% of Emerald Advisers LLC's investment portfolio, making the stock its largest position. Emerald Advisers LLC owned approximately 0.46% of FTAI Aviation worth $52,915,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Clearbridge Investments LLC increased its holdings in FTAI Aviation by 104.3% in the fourth quarter. Clearbridge Investments LLC now owns 463,411 shares of the financial services provider's stock worth $66,750,000 after buying an additional 236,556 shares during the last quarter. Cynosure Group LLC bought a new position in shares of FTAI Aviation in the fourth quarter valued at approximately $321,000. Harbor Capital Advisors Inc. lifted its stake in shares of FTAI Aviation by 27.3% in the first quarter. Harbor Capital Advisors Inc. now owns 147,753 shares of the financial services provider's stock worth $16,405,000 after buying an additional 31,694 shares during the last quarter. WCM Investment Management LLC boosted its holdings in shares of FTAI Aviation by 11.2% during the 1st quarter. WCM Investment Management LLC now owns 242,083 shares of the financial services provider's stock worth $27,200,000 after buying an additional 24,296 shares during the period. Finally, GAMMA Investing LLC grew its stake in FTAI Aviation by 24,780.1% in the 1st quarter. GAMMA Investing LLC now owns 47,521 shares of the financial services provider's stock valued at $5,276,000 after buying an additional 47,330 shares during the last quarter. Institutional investors and hedge funds own 88.96% of the company's stock.

Analysts Set New Price Targets

FTAI has been the topic of several research analyst reports. Royal Bank Of Canada lowered their price target 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. Morgan Stanley dropped their target price on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Citizens Jmp raised shares of FTAI Aviation to a "strong-buy" rating in a report on Thursday, May 8th. Barclays decreased their price target on shares of FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Finally, JMP Securities cut their price objective on shares of FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating for the company in a research report on Thursday, May 8th. One 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $171.83.

FTAI Aviation Stock Performance

FTAI traded down $1.70 during midday trading on Friday, reaching $110.98. 1,296,166 shares of the company were exchanged, compared to its average volume of 2,286,314. The stock has a market capitalization of $11.38 billion, a P/E ratio of 528.48 and a beta of 1.62. The stock's 50-day simple moving average is $118.39 and its 200 day simple moving average is $115.55. FTAI Aviation Ltd. has a one year low of $75.06 and a one year high of $181.64.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last issued 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%. The firm's revenue for the quarter was up 53.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.31 EPS. On average, research analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Announces Dividend

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

Insiders Place Their Bets

In other news, insider Stacy Kuperus acquired 1,087 shares of the stock in a transaction on Friday, May 2nd. The stock was acquired at an average cost of $92.90 per share, for a total transaction of $100,982.30. Following the completion of the transaction, 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 purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO David Moreno bought 6,580 shares of the company's stock in a transaction on Friday, May 2nd. The stock was purchased at an average price of $94.85 per share, with a total value of $624,113.00. Following the completion of the transaction, the chief operating officer directly owned 231,623 shares of the company's stock, valued at approximately $21,969,441.55. The trade was a 2.92% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 10,667 shares of company stock worth $1,008,715 in the last 90 days. Company insiders own 1.30% of the company's stock.

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.