FTAI Aviation Ltd. (NYSE:FTAI) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its stake in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 27.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 147,753 shares of the financial services provider's stock after purchasing an additional 31,694 shares during the period. FTAI Aviation accounts for approximately 0.7% of Harbor Capital Advisors Inc.'s investment portfolio, making the stock its 11th largest holding. Harbor Capital Advisors Inc. owned about 0.14% of FTAI Aviation worth $16,405,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Virtus Fund Advisers LLC purchased a new position in FTAI Aviation in the fourth quarter valued at about $26,000. Transce3nd LLC purchased a new stake in shares of FTAI Aviation during the fourth quarter worth about $29,000. Kapitalo Investimentos Ltda purchased a new stake in shares of FTAI Aviation during the fourth quarter worth about $30,000. Versant Capital Management Inc grew its stake in shares of FTAI Aviation by 420.9% during the first quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock worth $25,000 after acquiring an additional 181 shares during the last quarter. Finally, Private Trust Co. NA grew its stake in shares of 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. Hedge funds and other institutional investors own 88.96% of the company's stock.

Insider Activity

In other FTAI Aviation news, insider Stacy Kuperus bought 1,087 shares of the firm'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 now directly owns 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Joseph P. Jr. Adams bought 3,000 shares of the firm'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 transaction, the chief executive officer now directly owns 341,852 shares in the company, valued at approximately $32,318,688.08. This represents a 0.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 10,667 shares of company stock worth $1,008,715 in the last quarter. Corporate insiders own 1.30% of the company's stock.

FTAI Aviation Price Performance

NYSE:FTAI traded up $0.03 during trading hours on Friday, reaching $123.77. The company had a trading volume of 1,201,697 shares, compared to its average volume of 1,780,008. FTAI Aviation Ltd. has a 1-year low of $75.06 and a 1-year high of $181.64. The firm has a market cap of $12.69 billion, a PE ratio of -1,237.58 and a beta of 1.66. The business's 50 day moving average price is $109.72 and its 200-day moving average price is $119.36.

FTAI Aviation (NYSE:FTAI - Get Free Report) last announced 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 net margin of 1.59% and a return on equity of 206.25%. During the same period in the previous year, the business posted $0.31 EPS. The company's revenue for the quarter was up 53.7% compared to the same quarter last year. On average, analysts expect that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.97%. FTAI Aviation's dividend payout ratio (DPR) is 571.43%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FTAI. Stifel Nicolaus upgraded FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price target on the stock in a research note on Friday, May 2nd. 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 research report on Friday, May 2nd. Morgan Stanley dropped their target price 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. Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a research report on Thursday, March 6th. Finally, Barclays dropped their target price on FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. 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 MarketBeat, the company currently has a consensus 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.