FTAI Aviation Ltd. (NASDAQ:FTAI) Shares Sold by Washington State Investment Board

Washington State Investment Board lessened its stake in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 10.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,864,577 shares of the financial services provider's stock after selling 206,271 shares during the quarter. FTAI Aviation comprises approximately 79.5% of Washington State Investment Board's holdings, making the stock its biggest holding. Washington State Investment Board owned approximately 1.82% of FTAI Aviation worth $207,024,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in FTAI. Versant Capital Management Inc increased its position in shares of FTAI Aviation by 420.9% in the 1st quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock worth $25,000 after purchasing an additional 181 shares during the last quarter. Virtus Fund Advisers LLC bought a new stake in shares of FTAI Aviation during the 4th quarter valued at about $26,000. Transce3nd LLC bought a new stake in shares of FTAI Aviation during the 4th quarter valued at about $29,000. Kapitalo Investimentos Ltda bought a new stake in shares of FTAI Aviation during the 4th quarter valued at about $30,000. Finally, Rakuten Securities Inc. bought a new stake in shares of FTAI Aviation during the 1st quarter valued at about $34,000. Institutional investors and hedge funds own 88.96% of the company's stock.

FTAI Aviation Stock Down 2.6%

Shares of FTAI traded down $2.96 during mid-day trading on Tuesday, hitting $110.92. 897,105 shares of the company's stock were exchanged, compared to its average volume of 2,399,743. The firm has a fifty day moving average of $119.13 and a two-hundred day moving average of $114.66. FTAI Aviation Ltd. has a twelve month low of $75.06 and a twelve month high of $181.64. The stock has a market cap of $11.38 billion, a price-to-earnings ratio of 528.19 and a beta of 1.62.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last posted its earnings results on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.95 by ($0.08). FTAI Aviation had a net margin of 3.74% and a return on equity of 438.32%. During the same quarter last year, the business earned $0.31 earnings per share. The business's revenue for the quarter was up 53.7% on a year-over-year basis. On average, equities analysts predict that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 16th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Friday, May 16th. FTAI Aviation's payout ratio is 571.43%.

Insider Transactions at FTAI Aviation

In related news, insider Stacy Kuperus bought 1,087 shares of the company's stock in a transaction on Friday, May 2nd. The stock was bought at an average cost of $92.90 per share, with a total value of $100,982.30. Following the completion of the purchase, the insider owned 88,423 shares in the company, valued at approximately $8,214,496.70. The trade was a 1.24% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO David Moreno bought 6,580 shares of the company's stock in a transaction on Friday, May 2nd. The stock was bought at an average cost of $94.85 per share, with a total value of $624,113.00. Following the completion of the purchase, the chief operating officer owned 231,623 shares of the company's stock, valued at approximately $21,969,441.55. The trade was a 2.92% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders acquired 10,667 shares of company stock valued at $1,008,715. Company insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on FTAI shares. Wall Street Zen raised shares of FTAI Aviation to a "sell" rating in a research note on Wednesday, April 23rd. JMP Securities reduced their target price on shares of FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating for the company in a research note on Thursday, May 8th. Royal Bank Of Canada reduced 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. Morgan Stanley reduced 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 note on Friday, April 11th. 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 equities research 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $171.83.

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.