FTAI Aviation Ltd. (NYSE:FTAI) Stock Position Raised by Northern Trust Corp

Northern Trust Corp raised its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 7.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,035,951 shares of the financial services provider's stock after acquiring an additional 70,775 shares during the period. Northern Trust Corp owned approximately 1.01% of FTAI Aviation worth $149,218,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC lifted its stake in FTAI Aviation by 73.5% during the 3rd quarter. Barclays PLC now owns 214,610 shares of the financial services provider's stock worth $28,520,000 after acquiring an additional 90,905 shares in the last quarter. Anchor Investment Management LLC purchased a new stake in FTAI Aviation during the third quarter worth about $31,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of FTAI Aviation during the third quarter worth about $478,000. Tidal Investments LLC boosted its stake in shares of FTAI Aviation by 64.7% in the third quarter. Tidal Investments LLC now owns 23,652 shares of the financial services provider's stock valued at $3,143,000 after purchasing an additional 9,293 shares during the period. Finally, Franklin Resources Inc. grew its holdings in shares of FTAI Aviation by 102.8% in the third quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider's stock valued at $54,685,000 after purchasing an additional 208,613 shares in the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at FTAI Aviation

In other news, CEO Joseph P. Jr. Adams purchased 3,000 shares of the stock in a transaction dated Friday, May 2nd. The shares were bought at an average cost of $94.54 per share, for a total transaction of $283,620.00. Following the transaction, the chief executive officer now owns 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO David Moreno bought 6,580 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were purchased at an average cost of $94.85 per share, for a total transaction of $624,113.00. Following the completion of the acquisition, the chief operating officer now 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 disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 10,667 shares of company stock worth $1,008,715. 1.60% of the stock is currently owned by company insiders.

FTAI Aviation Stock Performance

FTAI Aviation stock traded up $7.08 during trading on Tuesday, reaching $107.83. 2,670,830 shares of the company's stock were exchanged, compared to its average volume of 1,753,027. FTAI Aviation Ltd. has a 52-week low of $75.06 and a 52-week high of $181.64. The firm has a market cap of $11.06 billion, a price-to-earnings ratio of -1,078.14 and a beta of 1.64. The company's 50-day moving average is $104.20 and its two-hundred day moving average is $126.11.

FTAI Aviation (NYSE:FTAI - Get Free Report) last posted its earnings results on Wednesday, April 30th. The financial services provider reported $0.87 EPS for the quarter, missing analysts' consensus estimates 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 quarter last year, the firm earned $0.31 EPS. FTAI Aviation's revenue was up 53.7% on a year-over-year basis. Analysts anticipate that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 16th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Friday, May 16th. FTAI Aviation's dividend payout ratio (DPR) is presently 571.43%.

Analyst Upgrades and Downgrades

FTAI has been the topic of a number of research reports. Wolfe Research upgraded shares of FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 target price on the stock in a report on Friday, January 10th. StockNews.com upgraded FTAI Aviation to a "sell" rating in a research note on Wednesday, April 23rd. 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 note on Thursday, May 1st. Royal Bank of Canada reduced their price target on FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating on the stock in a research report on Friday. Finally, Citigroup reissued a "buy" rating on shares of FTAI Aviation in a research report on Thursday, March 6th. One research analyst has rated the stock with a sell rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $167.83.

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.