FTAI Aviation Ltd. (NASDAQ:FTAI) Stock Holdings Increased by New York State Common Retirement Fund

New York State Common Retirement Fund grew its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 62.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 98,115 shares of the financial services provider's stock after buying an additional 37,813 shares during the quarter. New York State Common Retirement Fund owned 0.10% of FTAI Aviation worth $10,894,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in FTAI. Versant Capital Management Inc raised its holdings 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 valued at $25,000 after purchasing an additional 181 shares during the last quarter. Virtus Fund Advisers LLC purchased a new stake in FTAI Aviation during the fourth quarter valued at approximately $26,000. Transce3nd LLC purchased a new stake in FTAI Aviation during the fourth quarter valued at approximately $29,000. Kapitalo Investimentos Ltda purchased a new stake in FTAI Aviation during the fourth quarter valued at approximately $30,000. Finally, Rakuten Securities Inc. purchased a new stake in FTAI Aviation during the first quarter valued at approximately $34,000. Hedge funds and other institutional investors own 88.96% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on FTAI shares. JMP Securities dropped their target price on FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating for the company in a research report on Thursday, May 8th. Wall Street Zen raised shares of FTAI Aviation to a "sell" rating in a research report on Wednesday, April 23rd. Morgan Stanley cut their price objective on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Royal Bank Of Canada cut their price objective on shares of FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Finally, Barclays cut their price objective on shares of FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating on the stock in a 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $171.83.

FTAI Aviation Stock Performance

Shares of NASDAQ:FTAI traded down $2.06 during trading hours on Friday, reaching $113.59. The stock had a trading volume of 822,465 shares, compared to its average volume of 2,351,773. FTAI Aviation Ltd. has a 1 year low of $75.06 and a 1 year high of $181.64. The firm's 50 day moving average is $119.13 and its 200-day moving average is $114.86. The stock has a market capitalization of $11.65 billion, a price-to-earnings ratio of 540.90 and a beta of 1.62.

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

FTAI Aviation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors 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 yield of 1.06%. FTAI Aviation's payout ratio is 571.43%.

Insider Activity at FTAI Aviation

In other news, insider Stacy Kuperus bought 1,087 shares of FTAI Aviation stock in a transaction dated Friday, May 2nd. The shares were acquired at an average cost of $92.90 per share, with a total value of $100,982.30. Following the completion of the transaction, the insider owned 88,423 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Also, COO David Moreno purchased 6,580 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was bought at an average cost of $94.85 per share, for a total transaction of $624,113.00. Following the completion of the acquisition, the chief operating officer directly owned 231,623 shares of the company's stock, valued at $21,969,441.55. This represents a 2.92% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 10,667 shares of company stock worth $1,008,715. 1.30% of the stock is owned by company 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.