Nomura Holdings Inc. Lowers Stake in FTAI Aviation Ltd. (NYSE:FTAI)

Nomura Holdings Inc. reduced its stake in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 69.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,515 shares of the financial services provider's stock after selling 3,485 shares during the quarter. Nomura Holdings Inc.'s holdings in FTAI Aviation were worth $218,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Transce3nd LLC acquired a new stake in shares of FTAI Aviation in the 4th quarter valued at approximately $29,000. Kapitalo Investimentos Ltda acquired a new stake in shares of FTAI Aviation in the 4th quarter valued at approximately $30,000. Private Trust Co. NA lifted its holdings in shares of FTAI Aviation by 221.1% in the 4th quarter. Private Trust Co. NA now owns 244 shares of the financial services provider's stock valued at $35,000 after buying an additional 168 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of FTAI Aviation in the 4th quarter valued at approximately $36,000. Finally, Blue Trust Inc. acquired a new stake in shares of FTAI Aviation in the 4th quarter valued at approximately $56,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on FTAI. Wall Street Zen raised FTAI Aviation to a "sell" rating in a report on Wednesday, April 23rd. Royal Bank of Canada reduced their price objective on FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. JMP Securities reduced their price objective on FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating for the company in a report on Thursday, May 8th. Barclays reduced their price objective on FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Finally, Stifel Nicolaus raised FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price objective for the company in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, FTAI Aviation currently has a consensus rating of "Moderate Buy" and an average price target of $171.83.

Insider Activity at FTAI Aviation

In other FTAI Aviation news, insider Stacy Kuperus bought 1,087 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The stock was purchased at an average cost of $92.90 per share, for a total transaction of $100,982.30. Following the completion of the purchase, the insider now owns 88,423 shares of the company's stock, valued at $8,214,496.70. This trade represents a 1.24% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO David Moreno bought 6,580 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The stock was acquired at an average price of $94.85 per share, with a total value of $624,113.00. Following the completion of the purchase, the chief operating officer now directly owns 231,623 shares of the company's stock, valued at approximately $21,969,441.55. The trade was a 2.92% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 10,667 shares of company stock worth $1,008,715. 1.60% of the stock is currently owned by insiders.

FTAI Aviation Price Performance

FTAI Aviation stock traded down $0.58 during mid-day trading on Thursday, hitting $117.66. 230,897 shares of the company were exchanged, compared to its average volume of 2,615,935. The business's 50 day simple moving average is $106.09 and its two-hundred day simple moving average is $123.02. The company has a market capitalization of $12.07 billion, a P/E ratio of -1,176.38 and a beta of 1.64. FTAI Aviation Ltd. has a 12-month low of $75.06 and a 12-month high of $181.64.

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 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%. FTAI Aviation's revenue for the quarter was up 53.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 EPS. Equities research analysts predict that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 16th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.20 annualized dividend and a yield of 1.02%. FTAI Aviation's payout ratio is currently 571.43%.

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.