Zweig DiMenna Associates LLC Buys 51,140 Shares of FTAI Aviation Ltd. (NASDAQ:FTAI)

Key Points

• Zweig DiMenna Associates LLC significantly increased its stake in FTAI Aviation by 58.7%, now holding 138,200 shares valued at approximately $15.3 million.
• FTAI Aviation has received mixed ratings from analysts, with target prices adjusted downwards by Royal Bank of Canada and Barclays, but remains well-rated by others, leading to an average price target of $171.83.
• The company recently declared a quarterly dividend of $0.30 per share, representing an annualized yield of 1.09% and a high payout ratio of 571.43%.

Zweig DiMenna Associates LLC grew its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 58.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 138,200 shares of the financial services provider's stock after buying an additional 51,140 shares during the period. FTAI Aviation accounts for approximately 2.4% of Zweig DiMenna Associates LLC's holdings, making the stock its 12th biggest position. Zweig DiMenna Associates LLC owned 0.13% of FTAI Aviation worth $15,344,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Avantax Advisory Services Inc. boosted its holdings in shares of FTAI Aviation by 25.0% during the 1st quarter. Avantax Advisory Services Inc. now owns 1,875 shares of the financial services provider's stock valued at $208,000 after buying an additional 375 shares in the last quarter. Royce & Associates LP boosted its holdings in shares of FTAI Aviation by 97.9% during the 1st quarter. Royce & Associates LP now owns 411,248 shares of the financial services provider's stock valued at $45,661,000 after buying an additional 203,447 shares in the last quarter. ACR Alpine Capital Research LLC bought a new stake in shares of FTAI Aviation during the 1st quarter valued at $1,388,000. AE Wealth Management LLC boosted its holdings in shares of FTAI Aviation by 6.3% during the 1st quarter. AE Wealth Management LLC now owns 2,430 shares of the financial services provider's stock valued at $270,000 after buying an additional 145 shares in the last quarter. Finally, KLP Kapitalforvaltning AS boosted its holdings in shares of FTAI Aviation by 1.4% during the 1st quarter. KLP Kapitalforvaltning AS now owns 21,000 shares of the financial services provider's stock valued at $2,332,000 after buying an additional 300 shares in the last quarter. Institutional investors own 88.96% of the company's stock.

Analyst Ratings Changes

FTAI has been the topic of a number of research reports. 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 report on Friday, April 11th. Royal Bank Of Canada lowered their price target on FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Citizens Jmp raised FTAI Aviation to a "strong-buy" rating in a research report on Thursday, May 8th. Stifel Nicolaus raised FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price target for the company in a research report on Friday, May 2nd. Finally, Wall Street Zen raised FTAI Aviation to a "sell" rating in a research report on Wednesday, April 23rd. One 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 stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $171.83.

FTAI Aviation Stock Performance

Shares of NASDAQ FTAI traded up $0.52 during midday trading on Tuesday, hitting $114.90. 344,782 shares of the company's stock traded hands, compared to its average volume of 2,349,968. FTAI Aviation Ltd. has a 1 year low of $75.06 and a 1 year high of $181.64. The stock has a market capitalization of $11.78 billion, a price-to-earnings ratio of 547.14 and a beta of 1.62. The firm has a fifty day moving average of $118.56 and a 200 day moving average of $112.54.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.87 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.08). FTAI Aviation had a net margin of 3.74% and a return on equity of 438.32%. During the same quarter in the previous year, the business posted $0.31 EPS. The business's quarterly revenue was up 53.7% compared to the same quarter last year. On average, equities analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

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 dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Friday, May 16th. FTAI Aviation's payout ratio is currently 571.43%.

Insider Activity

In other FTAI Aviation news, insider Stacy Kuperus purchased 1,087 shares of FTAI Aviation stock in a transaction dated Friday, May 2nd. The stock was purchased at an average price of $92.90 per share, with a total value of $100,982.30. Following the transaction, the insider directly owned 88,423 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is accessible through this link. Also, CEO Joseph P. Jr. Adams acquired 3,000 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The shares were bought at an average price of $94.54 per share, with a total value of $283,620.00. Following the completion of the purchase, the chief executive officer owned 341,852 shares in the company, valued at $32,318,688.08. This trade represents a 0.89% increase in their position. The disclosure for this purchase can be found here. Insiders acquired 10,667 shares of company stock valued at $1,008,715 in the last quarter. 1.60% of the stock is currently owned by 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.