ProShare Advisors LLC Increases Stake in FTAI Aviation Ltd. (NYSE:FTAI)

ProShare Advisors LLC raised its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 49.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,608 shares of the financial services provider's stock after buying an additional 9,413 shares during the period. ProShare Advisors LLC's holdings in FTAI Aviation were worth $4,121,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Ibex Wealth Advisors purchased a new stake in shares of FTAI Aviation in the fourth quarter worth $3,518,000. Rhumbline Advisers increased its stake in shares of FTAI Aviation by 2.2% in the fourth quarter. Rhumbline Advisers now owns 142,072 shares of the financial services provider's stock worth $20,464,000 after purchasing an additional 3,121 shares in the last quarter. Verde Servicos Internacionais S.A. purchased a new stake in shares of FTAI Aviation in the fourth quarter worth $9,776,000. Channing Capital Management LLC increased its stake in shares of FTAI Aviation by 15.0% in the fourth quarter. Channing Capital Management LLC now owns 61,531 shares of the financial services provider's stock worth $8,863,000 after purchasing an additional 8,023 shares in the last quarter. Finally, Vantage Investment Partners LLC increased its stake in shares of FTAI Aviation by 21.2% in the fourth quarter. Vantage Investment Partners LLC now owns 298,778 shares of the financial services provider's stock worth $43,036,000 after purchasing an additional 52,207 shares in the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FTAI. Citigroup reissued a "buy" rating on shares of FTAI Aviation in a research note on Thursday, March 6th. StockNews.com raised shares of FTAI Aviation to a "sell" rating in a research note on Wednesday, April 23rd. Citizens Jmp raised shares of FTAI Aviation to a "strong-buy" rating in a research note on Thursday, May 8th. Royal Bank of Canada cut their target price on shares of FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Finally, Stifel Nicolaus raised shares of FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 target price for the company in a research note on Friday, May 2nd. One 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $171.83.

FTAI Aviation Stock Up 3.7%

FTAI stock opened at $122.40 on Tuesday. FTAI Aviation Ltd. has a 52 week low of $75.06 and a 52 week high of $181.64. The company has a fifty day simple moving average of $104.56 and a two-hundred day simple moving average of $124.18. The firm has a market capitalization of $12.55 billion, a P/E ratio of -1,223.88 and a beta of 1.64.

FTAI Aviation (NYSE:FTAI - Get Free Report) last released its quarterly earnings data 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 net margin of 1.59% and a return on equity of 206.25%. During the same quarter in the prior year, the business posted $0.31 EPS. FTAI Aviation's revenue for the quarter was up 53.7% compared to the same quarter last year. As a group, analysts anticipate that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 16th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.20 annualized dividend and a dividend yield of 0.98%. FTAI Aviation's dividend payout ratio (DPR) is presently 571.43%.

Insider Transactions at FTAI Aviation

In other news, COO David Moreno bought 6,580 shares of the stock in a transaction dated Friday, May 2nd. The stock was purchased at an average price of $94.85 per share, for a total transaction of $624,113.00. Following the acquisition, the chief operating officer now owns 231,623 shares of the company's stock, valued at $21,969,441.55. The trade was a 2.92% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Stacy Kuperus bought 1,087 shares of the stock in a transaction dated Friday, May 2nd. The stock was purchased at an average price of $92.90 per share, with a total value of $100,982.30. Following the acquisition, the insider now directly owns 88,423 shares in the company, valued at approximately $8,214,496.70. The trade was a 1.24% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders bought 10,667 shares of company stock worth $1,008,715. 1.30% of the stock is currently owned by insiders.

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.

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