Royce & Associates LP Has $45.66 Million Holdings in FTAI Aviation Ltd. (NASDAQ:FTAI)

Royce & Associates LP increased its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 97.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 411,248 shares of the financial services provider's stock after purchasing an additional 203,447 shares during the quarter. Royce & Associates LP owned approximately 0.40% of FTAI Aviation worth $45,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of FTAI. Capital International Investors boosted its position in shares of FTAI Aviation by 39.7% in the 4th quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider's stock worth $1,537,940,000 after purchasing an additional 3,034,838 shares in the last quarter. Norges Bank purchased a new stake in FTAI Aviation during the 4th quarter valued at $183,688,000. Shellback Capital LP bought a new position in FTAI Aviation in the 4th quarter worth $76,510,000. GW&K Investment Management LLC bought a new position in shares of FTAI Aviation during the 1st quarter valued at approximately $30,963,000. Finally, Two Sigma Advisers LP increased its stake in FTAI Aviation by 24.5% in the 4th quarter. Two Sigma Advisers LP now owns 1,305,400 shares of the financial services provider's stock worth $188,030,000 after buying an additional 256,800 shares in the last quarter. 88.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on FTAI. JMP Securities dropped their price target on 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. Royal Bank Of Canada reduced 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. Citigroup reaffirmed a "buy" rating on shares of FTAI Aviation in a research report on Thursday, July 10th. Barclays dropped their target price on 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, Morgan Stanley decreased their price target on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. One investment 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 stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $171.83.

Insider Activity

In other news, insider Stacy Kuperus bought 1,087 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The shares were purchased 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. The trade was a 1.24% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 bought at an average price of $94.54 per share, for a total transaction of $283,620.00. Following the acquisition, the chief executive officer owned 341,852 shares in the company, valued at approximately $32,318,688.08. This trade represents a 0.89% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 10,667 shares of company stock worth $1,008,715. 1.30% of the stock is owned by corporate insiders.

FTAI Aviation Stock Performance

Shares of NASDAQ:FTAI traded up $7.26 during trading hours on Friday, hitting $117.18. The stock had a trading volume of 1,356,790 shares, compared to its average volume of 2,128,503. FTAI Aviation Ltd. has a 1-year low of $75.06 and a 1-year high of $181.64. The firm has a market capitalization of $12.02 billion, a price-to-earnings ratio of 558.00 and a beta of 1.62. The stock's fifty day simple moving average is $118.72 and its 200 day simple moving average is $113.35.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last posted 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 business's revenue for the quarter was up 53.7% on a year-over-year basis. During the same quarter last year, the business posted $0.31 earnings per share. As a group, research analysts anticipate that FTAI Aviation Ltd. will post 2.2 EPS 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 paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date was Friday, May 16th. FTAI Aviation's dividend payout ratio (DPR) is currently 571.43%.

About FTAI Aviation

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.