K.J. Harrison & Partners Inc Lowers Holdings in FTAI Aviation Ltd. (NASDAQ:FTAI)

K.J. Harrison & Partners Inc decreased its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 11.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,100 shares of the financial services provider's stock after selling 3,900 shares during the quarter. K.J. Harrison & Partners Inc's holdings in FTAI Aviation were worth $3,231,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Virtus Fund Advisers LLC acquired a new position in shares of FTAI Aviation in the 4th quarter valued at about $26,000. Transce3nd LLC acquired a new position in shares of FTAI Aviation in the 4th quarter valued at about $29,000. Kapitalo Investimentos Ltda acquired a new position in shares of FTAI Aviation in the 4th quarter valued at about $30,000. Versant Capital Management Inc lifted its stake in shares of FTAI Aviation by 420.9% in the 1st quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 181 shares in the last quarter. Finally, Private Trust Co. NA lifted its stake 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 purchasing an additional 168 shares in the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Morgan Stanley reduced 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. Wall Street Zen raised FTAI Aviation to a "sell" rating in a research report on Wednesday, April 23rd. JMP Securities reduced their price target on FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating on the stock in a research report on Thursday, May 8th. Citizens Jmp raised FTAI Aviation to a "strong-buy" rating in a research report on Thursday, May 8th. Finally, Barclays reduced their price target 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 investment analyst has rated the stock with a sell rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, FTAI Aviation currently has an average rating of "Moderate Buy" and a consensus price target of $171.83.

Insider Activity

In other FTAI Aviation news, CEO Joseph P. Jr. Adams acquired 3,000 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The shares were purchased at an average price of $94.54 per share, for a total transaction of $283,620.00. Following the completion of the purchase, the chief executive officer now directly owns 341,852 shares in the company, valued at $32,318,688.08. The trade was a 0.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, COO David Moreno bought 6,580 shares of the business's stock in a transaction on Friday, May 2nd. The stock was acquired at an average cost of $94.85 per share, for a total transaction of $624,113.00. Following the acquisition, the chief operating officer now directly owns 231,623 shares of the company's stock, valued at $21,969,441.55. The trade was a 2.92% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 10,667 shares of company stock worth $1,008,715. 1.30% of the stock is currently owned by insiders.

FTAI Aviation Stock Performance

FTAI opened at $118.60 on Friday. The company has a market capitalization of $12.16 billion, a P/E ratio of 564.76 and a beta of 1.66. The company has a 50-day moving average of $115.50 and a 200-day moving average of $116.79. FTAI Aviation Ltd. has a 1-year low of $75.06 and a 1-year high of $181.64.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last announced its quarterly earnings data 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 net margin of 3.74% and a return on equity of 438.32%. During the same period in the prior year, the business earned $0.31 earnings per share. FTAI Aviation's revenue was up 53.7% compared to the same quarter last year. As a group, sell-side analysts expect that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 16th were issued a $0.30 dividend. The ex-dividend date was Friday, May 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.01%. FTAI Aviation's dividend payout ratio (DPR) is 571.43%.

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.

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