TimesSquare Capital Management LLC Purchases New Position in FTAI Aviation Ltd. (NASDAQ:FTAI)

TimesSquare Capital Management LLC bought a new position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 146,575 shares of the financial services provider's stock, valued at approximately $16,274,000. TimesSquare Capital Management LLC owned about 0.14% of FTAI Aviation at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. boosted its holdings in shares of FTAI Aviation by 950.4% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,313 shares of the financial services provider's stock valued at $146,000 after acquiring an additional 1,188 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of FTAI Aviation by 627.8% during the 1st quarter. Signaturefd LLC now owns 837 shares of the financial services provider's stock valued at $93,000 after acquiring an additional 722 shares in the last quarter. Florida Financial Advisors LLC acquired a new stake in shares of FTAI Aviation during the 1st quarter valued at $333,000. New York State Common Retirement Fund boosted its holdings in shares of FTAI Aviation by 62.7% during the 1st quarter. New York State Common Retirement Fund now owns 98,115 shares of the financial services provider's stock valued at $10,894,000 after acquiring an additional 37,813 shares in the last quarter. Finally, Xponance Inc. boosted its holdings in shares of FTAI Aviation by 5.1% during the 1st quarter. Xponance Inc. now owns 7,704 shares of the financial services provider's stock valued at $855,000 after acquiring an additional 377 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors.

FTAI Aviation Stock Down 0.6%

FTAI Aviation stock traded down $0.73 during trading hours on Wednesday, reaching $113.06. 453,426 shares of the company's stock were exchanged, compared to its average volume of 2,440,666. The firm's 50 day simple moving average is $118.78 and its 200 day simple moving average is $115.35. FTAI Aviation Ltd. has a twelve month low of $75.06 and a twelve month high of $181.64. The firm has a market capitalization of $11.59 billion, a PE ratio of 538.38 and a beta of 1.62.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last issued 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 net margin of 3.74% and a return on equity of 438.32%. The business's revenue for the quarter was up 53.7% compared to the same quarter last year. During the same period last year, the company earned $0.31 earnings per share. 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 was paid on Friday, May 23rd. Stockholders of record on Friday, May 16th were paid 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 1.06%. FTAI Aviation's dividend payout ratio is presently 571.43%.

Analysts Set New Price Targets

Several research analysts recently issued reports on FTAI shares. JMP Securities lowered their target price on FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating for the company in a research report on Thursday, May 8th. Royal Bank Of Canada lowered their target price on FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Barclays lowered their target price on FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Stifel Nicolaus raised FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 target price for the company in a research report on Friday, May 2nd. Finally, Citigroup reaffirmed a "buy" rating on shares of FTAI Aviation in a research report on Thursday, July 10th. 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 company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $171.83.

Insider Activity

In other news, COO David Moreno bought 6,580 shares of FTAI Aviation stock in a transaction dated Friday, May 2nd. The stock was bought at an average cost of $94.85 per share, for a total transaction of $624,113.00. Following the purchase, the chief operating officer directly owned 231,623 shares in the company, valued at approximately $21,969,441.55. This represents a 2.92% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joseph P. Jr. Adams bought 3,000 shares of FTAI Aviation 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 owned 341,852 shares in the company, valued at $32,318,688.08. This trade represents a 0.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 10,667 shares of company stock worth $1,008,715 in the last three months. Company insiders own 1.60% 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.