FTAI Aviation Ltd. (NYSE:FTAI) Shares Sold by Washington State Investment Board

Washington State Investment Board reduced its position in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 67.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,070,848 shares of the financial services provider's stock after selling 4,351,750 shares during the period. FTAI Aviation accounts for about 77.7% of Washington State Investment Board's investment portfolio, making the stock its biggest position. Washington State Investment Board owned about 2.02% of FTAI Aviation worth $298,285,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Merit Financial Group LLC increased its stake in FTAI Aviation by 2.5% during the fourth quarter. Merit Financial Group LLC now owns 4,256 shares of the financial services provider's stock worth $613,000 after acquiring an additional 105 shares during the last quarter. CIBC Asset Management Inc increased its stake in FTAI Aviation by 4.5% during the fourth quarter. CIBC Asset Management Inc now owns 3,389 shares of the financial services provider's stock worth $488,000 after acquiring an additional 147 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in FTAI Aviation by 7.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,405 shares of the financial services provider's stock worth $346,000 after acquiring an additional 161 shares during the last quarter. Private Trust Co. NA increased its stake in FTAI Aviation by 221.1% during the fourth quarter. Private Trust Co. NA now owns 244 shares of the financial services provider's stock worth $35,000 after acquiring an additional 168 shares during the last quarter. Finally, Park Avenue Securities LLC increased its stake in FTAI Aviation by 8.5% during the fourth quarter. Park Avenue Securities LLC now owns 2,187 shares of the financial services provider's stock worth $315,000 after acquiring an additional 172 shares during the last quarter. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FTAI has been the topic of several analyst reports. Citizens Jmp raised FTAI Aviation to a "strong-buy" rating in a research note on Thursday, May 8th. Stifel Nicolaus raised FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price objective on the stock in a research note on Friday, May 2nd. Morgan Stanley reduced their price objective on FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Royal Bank of Canada reduced their price objective 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. Finally, JMP Securities cut their target price on FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating on the stock in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, FTAI Aviation has an average rating of "Moderate Buy" and a consensus price target of $171.83.

FTAI Aviation Stock Up 1.5%

NYSE:FTAI traded up $1.65 during midday trading on Friday, hitting $114.58. The stock had a trading volume of 1,205,371 shares, compared to its average volume of 1,791,366. FTAI Aviation Ltd. has a one year low of $75.06 and a one year high of $181.64. The company has a market capitalization of $11.75 billion, a price-to-earnings ratio of -1,145.69 and a beta of 1.64. The stock has a 50-day moving average of $105.49 and a 200 day moving average of $123.74.

FTAI Aviation (NYSE:FTAI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.08). FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. During the same period in the prior year, the firm posted $0.31 earnings per share. The firm's quarterly revenue was up 53.7% compared to the same quarter last year. On average, sell-side analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 16th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.20 annualized dividend and a yield of 1.05%. FTAI Aviation's dividend payout ratio (DPR) is presently 571.43%.

Insider Buying and Selling at FTAI Aviation

In other FTAI Aviation news, COO David Moreno acquired 6,580 shares of the stock in a transaction dated 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 now directly owns 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Stacy Kuperus purchased 1,087 shares of the company's stock in a transaction on 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 purchase, the insider now owns 88,423 shares in the company, valued at approximately $8,214,496.70. The trade was a 1.24% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 10,667 shares of company stock valued at $1,008,715. 1.30% of the stock is currently owned by corporate insiders.

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.