FTAI Aviation Ltd. (NASDAQ:FTAI) Shares Sold by Whittier Trust Co.

Whittier Trust Co. cut its position in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 43.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,801 shares of the financial services provider's stock after selling 12,113 shares during the quarter. Whittier Trust Co.'s holdings in FTAI Aviation were worth $1,754,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in FTAI. Clearbridge Investments LLC increased its holdings in shares of FTAI Aviation by 104.3% during the fourth quarter. Clearbridge Investments LLC now owns 463,411 shares of the financial services provider's stock valued at $66,750,000 after acquiring an additional 236,556 shares in the last quarter. Cynosure Group LLC acquired a new position in shares of FTAI Aviation during the fourth quarter valued at about $321,000. Harbor Capital Advisors Inc. increased its holdings in shares of FTAI Aviation by 27.3% during the first quarter. Harbor Capital Advisors Inc. now owns 147,753 shares of the financial services provider's stock valued at $16,405,000 after acquiring an additional 31,694 shares in the last quarter. WCM Investment Management LLC increased its holdings in shares of FTAI Aviation by 11.2% during the first quarter. WCM Investment Management LLC now owns 242,083 shares of the financial services provider's stock valued at $27,200,000 after acquiring an additional 24,296 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in FTAI Aviation by 24,780.1% in the first quarter. GAMMA Investing LLC now owns 47,521 shares of the financial services provider's stock valued at $5,276,000 after buying an additional 47,330 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Royal Bank Of Canada dropped 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 price objective on shares of FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Citizens Jmp raised shares of FTAI Aviation to a "strong-buy" rating in a research note on Thursday, May 8th. Morgan Stanley lowered their price target on FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Finally, Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a research report on Thursday, July 10th. One research analyst has rated the stock with a sell rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, FTAI Aviation has a consensus rating of "Moderate Buy" and a consensus target price of $171.83.

Insider Buying and Selling at FTAI Aviation

In other news, CEO Joseph P. Jr. Adams bought 3,000 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were acquired at an average price of $94.54 per share, for a total transaction of $283,620.00. Following the completion of the transaction, the chief executive officer owned 341,852 shares of the company's stock, valued at approximately $32,318,688.08. This trade represents a 0.89% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stacy Kuperus bought 1,087 shares of the business's stock in a transaction dated 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 transaction, the insider directly owned 88,423 shares of the company's stock, valued at approximately $8,214,496.70. This represents a 1.24% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 10,667 shares of company stock worth $1,008,715 over the last ninety days. Corporate insiders own 1.30% of the company's stock.

FTAI Aviation Stock Performance

Shares of FTAI traded down $2.06 during midday trading on Friday, hitting $113.59. 822,465 shares of the stock were exchanged, compared to its average volume of 2,351,773. FTAI Aviation Ltd. has a 52-week low of $75.06 and a 52-week high of $181.64. The stock has a fifty day simple moving average of $119.13 and a 200 day simple moving average of $114.86. The firm has a market cap of $11.65 billion, a P/E ratio of 540.90 and a beta of 1.62.

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 return on equity of 438.32% and a net margin of 3.74%. The firm's revenue for the quarter was up 53.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 EPS. As a group, equities research analysts forecast that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 16th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend was Friday, May 16th. FTAI Aviation's dividend payout ratio is presently 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.