Victory Capital Management Inc. Lowers Stock Position in FTAI Aviation Ltd. (NASDAQ:FTAI)

Victory Capital Management Inc. decreased its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 7.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 327,495 shares of the financial services provider's stock after selling 26,431 shares during the quarter. Victory Capital Management Inc. owned approximately 0.32% of FTAI Aviation worth $36,362,000 as of its most recent filing with the SEC.

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

FTAI Aviation Stock Performance

Shares of FTAI stock traded down $2.96 during trading hours on Tuesday, reaching $110.92. The company had a trading volume of 897,105 shares, compared to its average volume of 2,399,742. The stock has a fifty day moving average of $119.13 and a 200-day moving average of $114.66. The company has a market capitalization of $11.38 billion, a price-to-earnings ratio of 528.19 and a beta of 1.62. FTAI Aviation Ltd. has a 12-month low of $75.06 and a 12-month high of $181.64.

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 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 quarterly revenue was up 53.7% compared to the same quarter last year. During the same period last year, the firm earned $0.31 EPS. On average, analysts forecast that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 16th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Friday, May 16th. FTAI Aviation's payout ratio is 571.43%.

Insiders Place Their Bets

In related news, insider Stacy Kuperus purchased 1,087 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were purchased at an average price of $92.90 per share, with a total value of $100,982.30. Following the completion of the acquisition, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO David Moreno acquired 6,580 shares of FTAI Aviation stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 10,667 shares of company stock valued at $1,008,715. 1.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on FTAI. Morgan Stanley cut their price objective on FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating for the company in a report on Friday, April 11th. 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 report on Friday, May 2nd. Barclays cut their target price on FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Citizens Jmp upgraded FTAI Aviation to a "strong-buy" rating in a report on Thursday, May 8th. Finally, Citigroup reaffirmed a "buy" rating on shares of FTAI Aviation in a research report on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $171.83.

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.