FTAI Aviation Ltd. (NASDAQ:FTAI) Shares Acquired by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC raised its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 39.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,867 shares of the financial services provider's stock after acquiring an additional 11,642 shares during the quarter. Moody Aldrich Partners LLC's holdings in FTAI Aviation were worth $4,537,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Cannon Global Investment Management LLC acquired a new stake in shares of FTAI Aviation in the 1st quarter valued at about $333,000. WCM Investment Management LLC raised its stake in FTAI Aviation by 11.2% during the 1st quarter. WCM Investment Management LLC now owns 242,083 shares of the financial services provider's stock valued at $27,200,000 after acquiring an additional 24,296 shares during the last quarter. Rossby Financial LCC purchased a new stake in FTAI Aviation during the 1st quarter valued at approximately $45,000. DAVENPORT & Co LLC purchased a new stake in FTAI Aviation during the 1st quarter valued at approximately $232,000. Finally, Peregrine Capital Management LLC purchased a new stake in FTAI Aviation during the 1st quarter valued at approximately $9,964,000. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Stock Performance

FTAI Aviation stock traded up $1.81 during midday trading on Friday, reaching $114.95. The stock had a trading volume of 961,130 shares, compared to its average volume of 2,204,144. FTAI Aviation Ltd. has a twelve month low of $75.06 and a twelve month high of $181.64. The stock has a market capitalization of $11.79 billion, a PE ratio of 547.38 and a beta of 1.62. The stock's 50-day simple moving average is $117.31 and its 200 day simple moving average is $116.21.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last issued its earnings results on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share for the quarter, missing analysts' consensus estimates of $0.95 by ($0.08). FTAI Aviation had a net margin of 3.74% and a return on equity of 438.32%. The firm's revenue for the quarter was up 53.7% on a year-over-year basis. During the same period last year, the firm posted $0.31 earnings per share. Equities analysts predict that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 16th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Friday, May 16th. FTAI Aviation's dividend payout ratio is presently 571.43%.

Wall Street Analysts Forecast Growth

Several analysts have commented on FTAI shares. 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 research note on Thursday, May 8th. Wall Street Zen raised FTAI Aviation to a "sell" rating in a research report on Wednesday, April 23rd. Royal Bank Of Canada dropped their price target on FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Stifel Nicolaus raised FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price target for the company in a research report on Friday, May 2nd. Finally, Morgan Stanley dropped their price target on FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, FTAI Aviation currently has an average rating of "Moderate Buy" and an average target price of $171.83.

Insiders Place Their Bets

In other FTAI Aviation news, COO David Moreno purchased 6,580 shares of FTAI Aviation stock in a transaction that occurred on 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 completion of the acquisition, the chief operating officer owned 231,623 shares of the company's stock, valued at approximately $21,969,441.55. This trade represents a 2.92% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Stacy Kuperus acquired 1,087 shares of the company's stock in a transaction on Friday, May 2nd. The shares were acquired at an average price of $92.90 per share, for a total transaction of $100,982.30. Following the completion of the acquisition, the insider directly owned 88,423 shares in the company, valued at $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. Insiders have purchased a total of 10,667 shares of company stock worth $1,008,715 over the last quarter. 1.30% of the stock is owned by corporate insiders.

About FTAI Aviation

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.