Insider Buying: FTAI Aviation Ltd. (NYSE:FTAI) Insider Purchases 1,087 Shares of Stock

FTAI Aviation Ltd. (NYSE:FTAI - Get Free Report) insider Stacy Kuperus purchased 1,087 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were acquired at an average cost of $92.90 per share, with a total value of $100,982.30. Following the completion of the transaction, the insider now directly owns 88,423 shares of the company's stock, valued at $8,214,496.70. The trade was a 1.24 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

FTAI Aviation Trading Up 8.7 %

Shares of NYSE FTAI traded up $7.80 during midday trading on Monday, hitting $97.75. 1,297,777 shares of the company's stock were exchanged, compared to its average volume of 1,741,559. The business's fifty day moving average price is $105.00 and its two-hundred day moving average price is $126.41. The company has a market cap of $10.03 billion, a price-to-earnings ratio of -977.85 and a beta of 1.64. FTAI Aviation Ltd. has a 12-month low of $75.06 and a 12-month high of $181.64.

FTAI Aviation (NYSE:FTAI - Get Free Report) last issued its quarterly 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 in the prior year, the business posted $0.31 earnings per share. The company's quarterly revenue was up 53.7% compared to the same quarter last year. Equities analysts expect that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 16th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Friday, May 16th. FTAI Aviation's payout ratio is currently 571.43%.

Hedge Funds Weigh In On FTAI Aviation

Several institutional investors have recently modified their holdings of FTAI. Virtus Fund Advisers LLC bought a new position in FTAI Aviation during the fourth quarter valued at approximately $26,000. Transce3nd LLC bought a new position in shares of FTAI Aviation during the 4th quarter valued at $29,000. Kapitalo Investimentos Ltda purchased a new position in FTAI Aviation in the 4th quarter worth $30,000. Versant Capital Management Inc lifted its stake in FTAI Aviation by 420.9% in the first 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. Finally, 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 valued at $35,000 after buying an additional 168 shares during the period. 88.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. 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. StockNews.com upgraded FTAI Aviation to a "sell" rating in a research note on Wednesday, April 23rd. Morgan Stanley cut 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 report on Friday, April 11th. Citigroup reissued a "buy" rating on shares of FTAI Aviation in a research report on Thursday, March 6th. Finally, Barclays reduced their price objective on shares of FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating for the company in a research note on Thursday. One analyst has rated the stock with a sell rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average 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.

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