UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stake in FTAI Aviation Ltd. (NYSE:FTAI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 68.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 269,970 shares of the financial services provider's stock after purchasing an additional 110,127 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.26% of FTAI Aviation worth $38,886,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Virtus Fund Advisers LLC bought a new stake in FTAI Aviation in the 4th quarter valued at $26,000. Transce3nd LLC bought a new position in shares of FTAI Aviation during the 4th quarter worth approximately $29,000. Kapitalo Investimentos Ltda acquired a new position in FTAI Aviation during the 4th quarter valued at approximately $30,000. Private Trust Co. NA raised its stake 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 last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of FTAI Aviation during the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 88.96% of the company's stock.

Insider Activity

In related news, COO David Moreno purchased 6,580 shares of the stock in a transaction on Friday, May 2nd. The shares were purchased at an average price of $94.85 per share, with a total value of $624,113.00. Following the transaction, the chief operating officer now directly owns 231,623 shares of the company's stock, valued at $21,969,441.55. This trade represents a 2.92% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Joseph P. Jr. Adams bought 3,000 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were bought at an average price of $94.54 per share, with a total value of $283,620.00. Following the completion of the transaction, the chief executive officer now owns 341,852 shares in the company, valued at approximately $32,318,688.08. This trade represents a 0.89% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 10,667 shares of company stock worth $1,008,715. 1.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Barclays reduced their target price on shares of FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Morgan Stanley lowered their price target on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Wall Street Zen raised shares of FTAI Aviation to a "sell" rating in a research note on Wednesday, April 23rd. Citigroup reissued a "buy" rating on shares of FTAI Aviation in a research note on Thursday, March 6th. Finally, Royal Bank of Canada cut 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. One investment 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, FTAI Aviation presently has a consensus rating of "Moderate Buy" and an average price target of $171.83.

FTAI Aviation Price Performance

NYSE FTAI traded down $1.73 on Friday, hitting $116.02. 282,670 shares of the company were exchanged, compared to its average volume of 1,779,174. The company's 50 day moving average price is $106.14 and its 200-day moving average price is $122.70. The firm has a market capitalization of $11.90 billion, a P/E ratio of -1,162.53 and a beta of 1.64. FTAI Aviation Ltd. has a twelve month low of $75.06 and a twelve month high of $181.64.

FTAI Aviation (NYSE:FTAI - Get Free Report) last issued its earnings results 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 1.59% and a return on equity of 206.25%. During the same period last year, the company posted $0.31 earnings per share. The company's quarterly revenue was up 53.7% compared to the same quarter last year. As a group, equities analysts expect that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 16th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.20 annualized dividend and a yield of 1.03%. FTAI Aviation's dividend payout ratio is currently 571.43%.

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.