FTAI Aviation Ltd. (NASDAQ:FTAI) Stock Position Increased by American Assets Investment Management LLC

Key Points

• American Assets Investment Management LLC significantly increased its stake in FTAI Aviation Ltd. by 1,579.5% in the first quarter, making it the company's second-largest position.
• Insider transactions include CEO Joseph P. Jr. Adams purchasing 3,000 shares for approximately $283,620, indicating confidence in the company's future.
• Wall Street analysts have mixed opinions on FTAI Aviation, with general consensus reflecting a Moderate Buy rating and an average price target of $171.83.

American Assets Investment Management LLC grew its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 1,579.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 149,929 shares of the financial services provider's stock after purchasing an additional 141,002 shares during the quarter. FTAI Aviation comprises approximately 7.0% of American Assets Investment Management LLC's portfolio, making the stock its 2nd biggest holding. American Assets Investment Management LLC owned 0.15% of FTAI Aviation worth $16,647,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Virtus Fund Advisers LLC bought a new stake in FTAI Aviation during the fourth quarter valued at approximately $26,000. Transce3nd LLC purchased a new position in FTAI Aviation in the 4th quarter worth approximately $29,000. Kapitalo Investimentos Ltda purchased a new position in FTAI Aviation in the 4th quarter worth approximately $30,000. Versant Capital Management Inc grew its stake in FTAI Aviation by 420.9% in the 1st quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock worth $25,000 after buying an additional 181 shares in the last quarter. Finally, Rakuten Securities Inc. purchased a new position in FTAI Aviation in the 1st quarter worth approximately $34,000. Institutional investors own 88.96% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on FTAI. JMP Securities cut their price target on shares of FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating for the company in a research note on Thursday, May 8th. Stifel Nicolaus raised shares of FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price objective for the company in a research note on Friday, May 2nd. Royal Bank Of Canada upped their price objective on shares of FTAI Aviation from $130.00 to $160.00 and gave the company an "outperform" rating in a research note on Thursday. Morgan Stanley cut their price objective 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. Finally, Wall Street Zen raised shares of FTAI Aviation from a "hold" rating to a "buy" rating in a research note on Saturday. Thirteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, FTAI Aviation presently has an average rating of "Buy" and an average target price of $174.33.

FTAI Aviation Trading Up 1.7%

NASDAQ FTAI traded up $2.38 during trading on Monday, hitting $139.70. The company had a trading volume of 561,042 shares, compared to its average volume of 2,376,415. FTAI Aviation Ltd. has a one year low of $75.06 and a one year high of $181.64. The company has a market cap of $14.33 billion, a price-to-earnings ratio of 34.58 and a beta of 1.61. The company's fifty day moving average is $120.00 and its 200-day moving average is $112.40.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.57 EPS for the quarter, topping the consensus estimate of $1.33 by $0.24. FTAI Aviation had a net margin of 21.31% and a return on equity of 601.23%. The business had revenue of $676.24 million during the quarter, compared to analyst estimates of $754.75 million. During the same period in the prior year, the business earned ($2.26) EPS. The company's revenue for the quarter was up 52.4% on a year-over-year basis. As a group, equities analysts anticipate that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 19th. Investors of record on Tuesday, August 12th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Tuesday, August 12th. FTAI Aviation's dividend payout ratio (DPR) is presently 29.70%.

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.