Nuveen Asset Management LLC Grows Stake in FTAI Aviation Ltd. (NYSE:FTAI)

Nuveen Asset Management LLC grew its position in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 12.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 423,096 shares of the financial services provider's stock after purchasing an additional 48,269 shares during the period. Nuveen Asset Management LLC owned approximately 0.41% of FTAI Aviation worth $60,943,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Transce3nd LLC purchased a new position in FTAI Aviation in the fourth quarter worth about $29,000. Kapitalo Investimentos Ltda purchased a new position in FTAI Aviation in the fourth quarter worth about $30,000. Private Trust Co. NA grew its position in FTAI Aviation by 221.1% in the fourth quarter. Private Trust Co. NA now owns 244 shares of the financial services provider's stock worth $35,000 after acquiring an additional 168 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in FTAI Aviation in the fourth quarter worth about $36,000. Finally, Blue Trust Inc. purchased a new position in FTAI Aviation in the fourth quarter worth about $56,000. Hedge funds and other institutional investors own 88.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Wall Street Zen upgraded FTAI Aviation to a "sell" rating in a research report on Wednesday, April 23rd. Stifel Nicolaus upgraded 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. Citizens Jmp upgraded FTAI Aviation to a "strong-buy" rating in a research report on Thursday, May 8th. Morgan Stanley decreased their price objective on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Finally, JMP Securities decreased their price objective on shares of 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. 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 stock. Based on data from MarketBeat, FTAI Aviation currently has an average rating of "Moderate Buy" and an average target price of $171.83.

FTAI Aviation Trading Up 1.5%

Shares of FTAI Aviation stock traded up $1.65 on Friday, hitting $114.58. 1,205,371 shares of the company traded hands, compared to its average volume of 1,796,196. The stock's 50 day moving average price is $105.49 and its 200-day moving average price is $123.56. FTAI Aviation Ltd. has a 52 week low of $75.06 and a 52 week high of $181.64. The company has a market cap of $11.75 billion, a PE ratio of -1,145.69 and a beta of 1.64.

FTAI Aviation (NYSE:FTAI - Get Free Report) last posted 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 net margin of 1.59% and a return on equity of 206.25%. During the same quarter in the prior year, the company posted $0.31 EPS. The firm's revenue was up 53.7% on a year-over-year basis. As a group, research analysts anticipate that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 16th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.05%. The ex-dividend date was Friday, May 16th. FTAI Aviation's dividend payout ratio is presently 571.43%.

Insider Activity

In related news, CEO Joseph P. Jr. Adams purchased 3,000 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was purchased at an average price of $94.54 per share, with a total value of $283,620.00. Following the completion of the purchase, the chief executive officer now owns 341,852 shares of the company's stock, valued at approximately $32,318,688.08. The trade was a 0.89% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Stacy Kuperus acquired 1,087 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The shares were acquired at an average cost of $92.90 per share, for a total transaction of $100,982.30. Following the completion of the acquisition, 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 ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 10,667 shares of company stock valued at $1,008,715. Corporate insiders own 1.30% of the company's stock.

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.