Ensign Peak Advisors Inc Acquires 54,866 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Ensign Peak Advisors Inc raised its holdings in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 10.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 563,598 shares of the financial services provider's stock after buying an additional 54,866 shares during the quarter. Ensign Peak Advisors Inc owned approximately 0.55% of FTAI Aviation worth $81,181,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Capital International Investors grew its holdings in FTAI Aviation by 39.7% in the fourth quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider's stock valued at $1,537,940,000 after purchasing an additional 3,034,838 shares during the period. Vanguard Group Inc. grew its stake in shares of FTAI Aviation by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 10,547,939 shares of the financial services provider's stock valued at $1,519,325,000 after buying an additional 184,730 shares during the period. Hood River Capital Management LLC raised its position in shares of FTAI Aviation by 8.0% in the 4th quarter. Hood River Capital Management LLC now owns 2,069,824 shares of the financial services provider's stock worth $298,137,000 after buying an additional 153,909 shares during the period. Norges Bank acquired a new stake in FTAI Aviation during the fourth quarter worth about $183,688,000. Finally, William Blair Investment Management LLC purchased a new position in shares of FTAI Aviation in the 4th quarter worth about $174,372,000. Institutional investors and hedge funds own 88.96% of the company's stock.

FTAI Aviation Stock Up 4.3%

Shares of NYSE FTAI traded up $4.85 during mid-day trading on Tuesday, reaching $117.81. 1,688,479 shares of the company were exchanged, compared to its average volume of 1,778,645. FTAI Aviation Ltd. has a twelve month low of $75.06 and a twelve month high of $181.64. The stock has a market capitalization of $12.08 billion, a P/E ratio of -1,177.98 and a beta of 1.64. The company's 50-day simple moving average is $103.25 and its 200-day simple moving average is $124.92.

FTAI Aviation (NYSE:FTAI - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share 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 business's revenue for the quarter was up 53.7% on a year-over-year basis. During the same period last year, the firm earned $0.31 EPS. As a group, equities research analysts expect that FTAI Aviation Ltd. will post 2.2 EPS for the current 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 issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Friday, May 16th. FTAI Aviation's dividend payout ratio (DPR) is currently 571.43%.

Insider Transactions at FTAI Aviation

In other news, CEO Joseph P. Jr. Adams bought 3,000 shares of the stock in a transaction on Friday, May 2nd. The stock was acquired at an average price of $94.54 per share, with a total value of $283,620.00. Following the acquisition, the chief executive officer now directly owns 341,852 shares in the company, valued at approximately $32,318,688.08. This trade represents a 0.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO David Moreno purchased 6,580 shares of the business's stock in a transaction dated 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 purchase, the chief operating officer now directly owns 231,623 shares of the company's stock, valued at approximately $21,969,441.55. This represents a 2.92% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 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

Several equities research analysts have recently weighed in on FTAI shares. Royal Bank of Canada decreased their target price on FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. StockNews.com raised shares of FTAI Aviation to a "sell" rating in a report on Wednesday, April 23rd. Barclays dropped their price objective on shares of FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Stifel Nicolaus upgraded shares of FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price objective on the stock in a research note on Friday, May 2nd. Finally, Citigroup restated a "buy" rating on shares of FTAI Aviation in a report on Thursday, March 6th. One investment 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. Based on data from MarketBeat, FTAI Aviation has a consensus rating of "Moderate Buy" and an average target price 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.