Weybosset Research & Management LLC Buys New Stake in FTAI Aviation Ltd. (NYSE:FTAI)

Weybosset Research & Management LLC bought a new stake in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 82,724 shares of the financial services provider's stock, valued at approximately $9,185,000. FTAI Aviation makes up about 3.2% of Weybosset Research & Management LLC's portfolio, making the stock its 14th largest position. Weybosset Research & Management LLC owned about 0.08% of FTAI Aviation as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Capital International Investors lifted its position in shares of FTAI Aviation by 39.7% during the fourth quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider's stock worth $1,537,940,000 after purchasing an additional 3,034,838 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of FTAI Aviation by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 10,547,939 shares of the financial services provider's stock worth $1,519,325,000 after purchasing an additional 184,730 shares during the last quarter. Hood River Capital Management LLC lifted its position in shares of FTAI Aviation by 8.0% during the fourth quarter. Hood River Capital Management LLC now owns 2,069,824 shares of the financial services provider's stock worth $298,137,000 after purchasing an additional 153,909 shares during the last quarter. Two Sigma Advisers LP lifted its position in shares of FTAI Aviation by 24.5% during the fourth quarter. Two Sigma Advisers LP now owns 1,305,400 shares of the financial services provider's stock worth $188,030,000 after purchasing an additional 256,800 shares during the last quarter. Finally, Norges Bank bought a new position in shares of FTAI Aviation during the fourth quarter worth about $183,688,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Morgan Stanley reduced 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 report on Friday, April 11th. Stifel Nicolaus raised shares of FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 target price on the stock in a report on Friday, May 2nd. Citigroup reissued a "buy" rating on shares of FTAI Aviation in a report on Thursday, March 6th. Citizens Jmp raised shares of FTAI Aviation to a "strong-buy" rating in a report on Thursday, May 8th. Finally, Wall Street Zen raised shares of FTAI Aviation to a "sell" rating in a report on Wednesday, April 23rd. One 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 stock. According to MarketBeat.com, FTAI Aviation currently has an average rating of "Moderate Buy" and an average target price of $171.83.

FTAI Aviation Stock Up 3.0%

FTAI Aviation stock traded up $3.66 during mid-day trading on Thursday, hitting $126.48. The company's stock had a trading volume of 258,825 shares, compared to its average volume of 1,771,550. The stock has a market capitalization of $12.97 billion, a P/E ratio of -1,264.67 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. The stock's fifty day moving average price is $106.66 and its two-hundred day moving average price is $121.62.

FTAI Aviation (NYSE:FTAI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share (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%. The firm's revenue was up 53.7% on a year-over-year basis. During the same quarter last year, the business posted $0.31 earnings per share. Equities analysts expect that FTAI Aviation Ltd. will post 2.2 earnings per share 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 given a $0.30 dividend. The ex-dividend date was Friday, May 16th. This represents a $1.20 annualized dividend and a yield of 0.95%. FTAI Aviation's dividend payout ratio (DPR) is 571.43%.

Insiders Place Their Bets

In related news, insider Stacy Kuperus bought 1,087 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was bought at an average price of $92.90 per share, with a total value of $100,982.30. Following the purchase, the insider now directly owns 88,423 shares of the company's stock, valued at approximately $8,214,496.70. This represents a 1.24% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Joseph P. Jr. Adams acquired 3,000 shares of FTAI Aviation stock in a transaction that occurred on Friday, May 2nd. The stock was acquired at an average cost of $94.54 per share, with a total value of $283,620.00. Following the purchase, the chief executive officer now owns 341,852 shares in the company, valued at $32,318,688.08. The trade was a 0.89% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have bought 10,667 shares of company stock worth $1,008,715. Corporate insiders own 1.30% of the company's stock.

FTAI Aviation Company 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.