Moody Aldrich Partners LLC Increases Stock Position in FTAI Aviation Ltd. (NASDAQ:FTAI)

Moody Aldrich Partners LLC grew its position in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 39.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,867 shares of the financial services provider's stock after purchasing an additional 11,642 shares during the quarter. Moody Aldrich Partners LLC's holdings in FTAI Aviation were worth $4,537,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of FTAI. Capital International Investors raised its holdings in shares of FTAI Aviation by 39.7% in the 4th quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider's stock valued at $1,537,940,000 after purchasing an additional 3,034,838 shares in the last quarter. Norges Bank acquired a new stake in FTAI Aviation during the 4th quarter worth $183,688,000. William Blair Investment Management LLC acquired a new stake in FTAI Aviation during the 4th quarter worth $174,372,000. Shellback Capital LP acquired a new stake in FTAI Aviation during the 4th quarter worth $76,510,000. Finally, Two Sigma Advisers LP raised its stake in FTAI Aviation by 24.5% during the 4th quarter. Two Sigma Advisers LP now owns 1,305,400 shares of the financial services provider's stock worth $188,030,000 after acquiring an additional 256,800 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FTAI. JMP Securities cut their price target on shares of FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating on the stock in a research note on Thursday, May 8th. Wall Street Zen upgraded shares of FTAI Aviation to a "sell" rating in a research note on Wednesday, April 23rd. Royal Bank Of Canada cut their price target on shares of FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Barclays lowered their price objective on shares of FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Finally, Citizens Jmp raised shares of FTAI Aviation to a "strong-buy" rating in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $171.83.

Insider Activity

In related news, CEO Joseph P. Jr. Adams acquired 3,000 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were purchased at an average price of $94.54 per share, with a total value of $283,620.00. Following the completion of the acquisition, the chief executive officer owned 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 purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO David Moreno acquired 6,580 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were bought at an average cost of $94.85 per share, for a total transaction of $624,113.00. Following the acquisition, the chief operating officer owned 231,623 shares of the company's stock, valued at $21,969,441.55. This represents a 2.92% increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 10,667 shares of company stock valued at $1,008,715 over the last quarter. Corporate insiders own 1.30% of the company's stock.

FTAI Aviation Trading Up 1.6%

Shares of NASDAQ:FTAI traded up $1.81 during midday trading on Friday, hitting $114.95. The stock had a trading volume of 961,130 shares, compared to its average volume of 2,204,144. The company has a market capitalization of $11.79 billion, a PE ratio of 547.38 and a beta of 1.62. The stock has a 50 day moving average price of $117.31 and a two-hundred day moving average price of $116.21. 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 issued its 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 net margin of 3.74% and a return on equity of 438.32%. The firm's revenue was up 53.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 earnings per share. As a group, equities analysts expect that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 16th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Friday, May 16th. FTAI Aviation's payout ratio 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.