Rhumbline Advisers Increases Stock Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Rhumbline Advisers increased its position in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 9.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 155,295 shares of the financial services provider's stock after purchasing an additional 13,223 shares during the quarter. Rhumbline Advisers owned approximately 0.15% of FTAI Aviation worth $17,242,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc grew its stake in shares of FTAI Aviation by 420.9% in the first quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 181 shares in the last quarter. Virtus Fund Advisers LLC acquired a new stake in shares of FTAI Aviation in the 4th quarter valued at $26,000. Transce3nd LLC bought a new position in FTAI Aviation in the 4th quarter valued at approximately $29,000. Kapitalo Investimentos Ltda bought a new position in FTAI Aviation in the 4th quarter valued at approximately $30,000. Finally, Private Trust Co. NA boosted its stake in shares of FTAI Aviation by 221.1% during the fourth quarter. Private Trust Co. NA now owns 244 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 168 shares in the last quarter. Institutional investors and hedge funds own 88.96% of the company's stock.

FTAI Aviation Stock Down 0.6%

FTAI traded down $0.78 during trading hours on Wednesday, hitting $120.35. The stock had a trading volume of 888,872 shares, compared to its average volume of 1,778,650. The company's fifty day simple moving average is $108.37 and its 200 day simple moving average is $120.00. FTAI Aviation Ltd. has a 1 year low of $75.06 and a 1 year high of $181.64. The stock has a market cap of $12.34 billion, a PE ratio of -1,203.38 and a beta of 1.66.

FTAI Aviation (NYSE:FTAI - Get Free Report) last issued 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%. FTAI Aviation's revenue was up 53.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 EPS. As a group, equities analysts expect that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 16th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.20 annualized dividend and a dividend yield of 1.00%. FTAI Aviation's payout ratio is currently 571.43%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FTAI. Barclays decreased their price objective on FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Royal Bank of Canada dropped 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. JMP Securities dropped their price objective on shares of FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating on the stock in a report on Thursday, May 8th. Morgan Stanley decreased their target price on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Finally, Citizens Jmp raised shares of FTAI Aviation to a "strong-buy" rating in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $171.83.

Insider Buying and Selling at FTAI Aviation

In related news, CEO Joseph P. Jr. Adams bought 3,000 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The stock was bought at an average cost of $94.54 per share, for a total transaction of $283,620.00. Following the acquisition, the chief executive officer now directly owns 341,852 shares of the company's stock, valued at $32,318,688.08. The trade was a 0.89% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stacy Kuperus bought 1,087 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The shares were bought at an average price of $92.90 per share, with a total value of $100,982.30. Following the completion of the acquisition, the insider now directly owns 88,423 shares in the company, 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. Insiders have acquired a total of 10,667 shares of company stock valued at $1,008,715 in the last 90 days. Corporate insiders own 1.30% of the company's stock.

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.