FTAI Aviation Ltd. (NASDAQ:FTAI) Stake Trimmed by Legato Capital Management LLC

Legato Capital Management LLC cut its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 58.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,309 shares of the financial services provider's stock after selling 8,919 shares during the quarter. Legato Capital Management LLC's holdings in FTAI Aviation were worth $700,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS lifted its stake in FTAI Aviation by 1.4% during the first quarter. KLP Kapitalforvaltning AS now owns 21,000 shares of the financial services provider's stock worth $2,332,000 after purchasing an additional 300 shares during the last quarter. Choreo LLC lifted its stake in FTAI Aviation by 13.5% during the first quarter. Choreo LLC now owns 2,578 shares of the financial services provider's stock worth $286,000 after purchasing an additional 307 shares during the last quarter. GW&K Investment Management LLC bought a new position in FTAI Aviation during the first quarter worth $30,963,000. Teachers Retirement System of The State of Kentucky lifted its stake in FTAI Aviation by 52.8% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 49,415 shares of the financial services provider's stock worth $5,487,000 after purchasing an additional 17,078 shares during the last quarter. Finally, Mariner Investment Group LLC bought a new position in FTAI Aviation during the first quarter worth $1,110,000. 88.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FTAI. Stifel Nicolaus upgraded FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 target price on the stock in a research note on Friday, May 2nd. Royal Bank Of Canada cut their target price on FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a research note on Thursday, July 10th. Citizens Jmp upgraded FTAI Aviation to a "strong-buy" rating in a research note on Thursday, May 8th. Finally, Barclays cut their target price on FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $171.83.

Insider Buying and Selling

In related news, COO David Moreno purchased 6,580 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The shares were purchased at an average price of $94.85 per share, with a total value of $624,113.00. Following the purchase, the chief operating officer owned 231,623 shares of the company's stock, valued at $21,969,441.55. This trade represents a 2.92% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Stacy Kuperus purchased 1,087 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The stock was bought at an average cost of $92.90 per share, for a total transaction of $100,982.30. Following the purchase, the insider directly owned 88,423 shares in the company, valued at $8,214,496.70. This represents a 1.24% increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 10,667 shares of company stock valued at $1,008,715 over the last three months. Company insiders own 1.30% of the company's stock.

FTAI Aviation Trading Up 6.6%

NASDAQ:FTAI traded up $7.26 during mid-day trading on Friday, reaching $117.18. 1,356,790 shares of the stock were exchanged, compared to its average volume of 2,128,503. The business has a fifty day moving average price of $118.72 and a 200 day moving average price of $113.73. The firm has a market capitalization of $12.02 billion, a PE ratio of 558.00 and a beta of 1.62. FTAI Aviation Ltd. has a 1-year low of $75.06 and a 1-year high of $181.64.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released its earnings results on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share (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%. FTAI Aviation's revenue was up 53.7% compared to the same quarter last year. During the same period last year, the business earned $0.31 EPS. On average, sell-side analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 16th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend was Friday, May 16th. FTAI Aviation's payout ratio is currently 571.43%.

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.