89,741 Shares in FTAI Aviation Ltd. (NASDAQ:FTAI) Acquired by Peregrine Capital Management LLC

Peregrine Capital Management LLC bought a new position in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 89,741 shares of the financial services provider's stock, valued at approximately $9,964,000. Peregrine Capital Management LLC owned 0.09% of FTAI Aviation at the end of the most recent quarter.

Several other large investors have also made changes to their positions in FTAI. Amalgamated Bank lifted its stake in shares of FTAI Aviation by 3.5% during the first quarter. Amalgamated Bank now owns 3,518 shares of the financial services provider's stock worth $391,000 after purchasing an additional 120 shares in the last quarter. Private Trust Co. NA raised its holdings in shares of FTAI Aviation by 221.1% during the 4th quarter. Private Trust Co. NA now owns 244 shares of the financial services provider's stock valued at $35,000 after buying an additional 168 shares during the period. Virtus Fund Advisers LLC acquired a new position in FTAI Aviation during the 4th quarter worth approximately $26,000. Versant Capital Management Inc lifted its position in FTAI Aviation by 420.9% during the 1st quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock worth $25,000 after acquiring an additional 181 shares in the last quarter. Finally, Transce3nd LLC purchased a new position in FTAI Aviation in the 4th quarter worth approximately $29,000. 88.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Stacy Kuperus acquired 1,087 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was purchased at an average cost of $92.90 per share, for a total transaction of $100,982.30. Following the purchase, the insider directly owned 88,423 shares in the company, valued at $8,214,496.70. This represents a 1.24% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Joseph P. Jr. Adams purchased 3,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer directly owned 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 disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 10,667 shares of company stock valued at $1,008,715. Insiders own 1.30% of the company's stock.

FTAI Aviation Stock Up 1.6%

FTAI stock traded up $1.81 during trading on Thursday, hitting $114.95. 961,130 shares of the company's stock traded hands, compared to its average volume of 2,506,956. The stock has a market capitalization of $11.79 billion, a price-to-earnings ratio of 547.38 and a beta of 1.62. FTAI Aviation Ltd. has a 52 week low of $75.06 and a 52 week high of $181.64. The stock has a fifty day moving average price of $116.83 and a two-hundred day moving average price of $116.50.

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 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 company's quarterly revenue was up 53.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.31 EPS. As a group, equities research analysts expect that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 16th were given 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 payout ratio is 571.43%.

Wall Street Analyst Weigh In

FTAI has been the topic of a number of recent research reports. Barclays reduced their target price 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. Wall Street Zen upgraded FTAI Aviation to a "sell" rating in a research note on Wednesday, April 23rd. Stifel Nicolaus raised FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 target price on the stock in a research report on Friday, May 2nd. JMP Securities reduced their price target on FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating for the company in a report on Thursday, May 8th. Finally, Morgan Stanley dropped their price objective on FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $171.83.

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.