FTAI Aviation Ltd. (NYSE:FTAI) Position Decreased 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 filing with the Securities and Exchange Commission (SEC). The firm owned 2,070,848 shares of the financial services provider's stock after selling 4,351,750 shares during the quarter. FTAI Aviation accounts for approximately 77.7% of Washington State Investment Board's holdings, making the stock its biggest holding. Washington State Investment Board owned approximately 2.02% of FTAI Aviation worth $298,285,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Two Sigma Advisers LP raised its stake in shares of FTAI Aviation by 24.5% during the fourth quarter. Two Sigma Advisers LP now owns 1,305,400 shares of the financial services provider's stock valued at $188,030,000 after acquiring an additional 256,800 shares in the last quarter. Two Sigma Investments LP raised its stake in shares of FTAI Aviation by 16.6% during the fourth quarter. Two Sigma Investments LP now owns 844,772 shares of the financial services provider's stock valued at $121,681,000 after acquiring an additional 120,289 shares in the last quarter. Shellback Capital LP bought a new stake in shares of FTAI Aviation during the fourth quarter valued at approximately $76,510,000. Redwood Investments LLC raised its stake in shares of FTAI Aviation by 288.8% during the fourth quarter. Redwood Investments LLC now owns 44,115 shares of the financial services provider's stock valued at $6,354,000 after acquiring an additional 32,769 shares in the last quarter. Finally, ProShare Advisors LLC raised its stake in shares of FTAI Aviation by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 28,608 shares of the financial services provider's stock valued at $4,121,000 after acquiring an additional 9,413 shares in the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FTAI. JMP Securities decreased their price target on shares of FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating for the company in a research note on Thursday, May 8th. Stifel Nicolaus raised shares of FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price target for the company in a research note 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 on the stock in a report on Thursday, May 1st. Royal Bank of Canada cut their price objective on shares of FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Finally, Morgan Stanley cut their price objective 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. One 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 MarketBeat, FTAI Aviation currently has an average rating of "Moderate Buy" and an average price target of $171.83.

FTAI Aviation Price Performance

NYSE FTAI traded down $4.78 on Wednesday, hitting $114.52. The stock had a trading volume of 1,370,495 shares, compared to its average volume of 1,788,876. The business's fifty day moving average price is $105.13 and its 200 day moving average price is $124.08. FTAI Aviation Ltd. has a 52-week low of $75.06 and a 52-week high of $181.64. The stock has a market cap of $11.74 billion, a price-to-earnings ratio of -1,145.09 and a beta of 1.64.

FTAI Aviation (NYSE:FTAI - Get Free Report) last released its quarterly earnings results 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 quarter in the previous year, the business earned $0.31 earnings per share. FTAI Aviation's revenue was up 53.7% on a year-over-year basis. As a group, sell-side analysts anticipate that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 16th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Friday, May 16th. FTAI Aviation's dividend payout ratio is currently 571.43%.

Insiders Place Their Bets

In related news, CEO Joseph P. Jr. Adams acquired 3,000 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were purchased at an average cost of $94.54 per share, with a total value of $283,620.00. Following the completion of the acquisition, the chief executive officer now directly owns 341,852 shares of the company's stock, valued at $32,318,688.08. This represents a 0.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stacy Kuperus acquired 1,087 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were bought at an average cost of $92.90 per share, for a total transaction of $100,982.30. Following the completion of the acquisition, the insider now directly owns 88,423 shares of the company's stock, valued at approximately $8,214,496.70. The trade was a 1.24% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 10,667 shares of company stock valued at $1,008,715. 1.30% 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.