Royal Bank of Canada Trims Position in FTAI Aviation Ltd. (NYSE:FTAI)

Royal Bank of Canada lowered its holdings in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 18.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 103,355 shares of the financial services provider's stock after selling 22,792 shares during the period. Royal Bank of Canada owned approximately 0.10% of FTAI Aviation worth $14,888,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Capital International Investors raised its holdings in shares of FTAI Aviation by 39.7% during the 4th quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider's stock valued at $1,537,940,000 after buying an additional 3,034,838 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of FTAI Aviation by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 10,547,939 shares of the financial services provider's stock valued at $1,519,325,000 after buying an additional 184,730 shares in the last quarter. Hood River Capital Management LLC grew its position in FTAI Aviation by 8.0% during the 4th quarter. Hood River Capital Management LLC now owns 2,069,824 shares of the financial services provider's stock worth $298,137,000 after acquiring an additional 153,909 shares during the last quarter. Norges Bank bought a new position in FTAI Aviation during the 4th quarter worth approximately $183,688,000. Finally, William Blair Investment Management LLC bought a new position in FTAI Aviation during the 4th quarter worth approximately $174,372,000. Hedge funds and other institutional investors own 88.96% of the company's stock.

Insiders Place Their Bets

In other news, CEO Joseph P. Jr. Adams purchased 3,000 shares of the company's stock in a transaction on Friday, May 2nd. The stock was acquired at an average cost of $94.54 per share, for a total transaction of $283,620.00. Following the completion of the transaction, the chief executive officer now directly owns 341,852 shares in the company, valued at $32,318,688.08. This trade represents a 0.89% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Stacy Kuperus purchased 1,087 shares of the company's stock in a transaction on 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 completion of the transaction, the insider now owns 88,423 shares of the company's stock, valued at approximately $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 three months, insiders have purchased 10,667 shares of company stock valued at $1,008,715. 1.60% of the stock is currently owned by corporate insiders.

FTAI Aviation Stock Performance

Shares of NYSE FTAI traded down $0.49 during mid-day trading on Thursday, hitting $117.75. 749,441 shares of the stock traded hands, compared to its average volume of 1,788,216. 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 $12.08 billion, a price-to-earnings ratio of -1,177.38 and a beta of 1.64. The stock has a fifty day moving average price of $106.09 and a 200-day moving average price of $123.02.

FTAI Aviation (NYSE: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 206.25% and a net margin of 1.59%. During the same period in the prior year, the company earned $0.31 earnings per share. The firm's revenue was up 53.7% on a year-over-year basis. As a group, sell-side analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 16th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Friday, May 16th. FTAI Aviation's dividend payout ratio (DPR) is 571.43%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on FTAI shares. JMP Securities reduced their price target on FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating on the stock in a research report on Thursday, May 8th. Citizens Jmp upgraded FTAI Aviation to a "strong-buy" rating in a research report on Thursday, May 8th. Barclays reduced their price target on FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Stifel Nicolaus upgraded FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price target on the stock in a research report on Friday, May 2nd. Finally, Wall Street Zen upgraded FTAI Aviation to a "sell" rating in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $171.83.

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.