Engle Capital Management L.P. Increases Stake in FTAI Aviation Ltd. (NYSE:FTAI)

Engle Capital Management L.P. boosted its position in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 26.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 120,000 shares of the financial services provider's stock after purchasing an additional 25,100 shares during the quarter. FTAI Aviation comprises 5.2% of Engle Capital Management L.P.'s holdings, making the stock its 9th biggest position. Engle Capital Management L.P. owned 0.12% of FTAI Aviation worth $17,285,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Transce3nd LLC acquired a new position in shares of FTAI Aviation in the 4th quarter valued at approximately $29,000. Kapitalo Investimentos Ltda acquired a new stake in FTAI Aviation during the 4th quarter valued at $30,000. Private Trust Co. NA boosted its position in FTAI Aviation by 221.1% during the fourth quarter. Private Trust Co. NA now owns 244 shares of the financial services provider's stock worth $35,000 after purchasing an additional 168 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of FTAI Aviation during the fourth quarter worth $36,000. Finally, Blue Trust Inc. bought a new stake in shares of FTAI Aviation in the fourth quarter valued at approximately $56,000. 88.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FTAI has been the subject of several research analyst reports. 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 note on Friday, May 2nd. Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a report on Thursday, March 6th. JMP Securities lowered their price target 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. 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, Barclays decreased their price target on FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $171.83.

FTAI Aviation Stock Down 0.0%

Shares of FTAI Aviation stock traded down $0.02 on Wednesday, reaching $117.79. The company's stock had a trading volume of 634,898 shares, compared to its average volume of 1,774,261. FTAI Aviation Ltd. has a 52-week low of $75.06 and a 52-week high of $181.64. The company has a market capitalization of $12.08 billion, a P/E ratio of -1,177.78 and a beta of 1.64. The stock has a 50-day moving average price of $103.25 and a 200-day moving average price of $124.92.

FTAI Aviation (NYSE: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 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%. During the same period last year, the business posted $0.31 EPS. The business's quarterly revenue was up 53.7% on a year-over-year basis. Sell-side analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

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 given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Friday, May 16th. FTAI Aviation's payout ratio is 571.43%.

Insider Activity at FTAI Aviation

In related news, CEO Joseph P. Jr. Adams purchased 3,000 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The stock was acquired at an average price of $94.54 per share, for a total transaction of $283,620.00. Following the transaction, the chief executive officer now directly owns 341,852 shares of the company's stock, valued at $32,318,688.08. This trade represents a 0.89% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO David Moreno purchased 6,580 shares of FTAI Aviation stock in a transaction dated 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 completion of the acquisition, the chief operating officer now owns 231,623 shares in the company, valued at $21,969,441.55. The trade was a 2.92% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 10,667 shares of company stock valued at $1,008,715. Insiders own 1.30% 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.