FTAI Aviation Ltd. (NYSE:FTAI) Shares Sold by Marshall Wace LLP

Marshall Wace LLP decreased its position in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 56.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,321 shares of the financial services provider's stock after selling 9,322 shares during the period. Marshall Wace LLP's holdings in FTAI Aviation were worth $1,055,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of FTAI. Anchor Investment Management LLC acquired a new stake in shares of FTAI Aviation during the 3rd quarter valued at about $31,000. Private Trust Co. NA grew its holdings in FTAI Aviation by 221.1% in the fourth quarter. Private Trust Co. NA now owns 244 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 168 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of FTAI Aviation in the fourth quarter valued at approximately $36,000. Blue Trust Inc. acquired a new position in shares of FTAI Aviation during the 4th quarter worth approximately $56,000. Finally, National Bank of Canada FI purchased a new position in shares of FTAI Aviation during the 4th quarter valued at approximately $65,000. Institutional investors and hedge funds own 88.96% of the company's stock.

FTAI Aviation Price Performance

Shares of FTAI traded up $7.16 during mid-day trading on Monday, reaching $97.11. The stock had a trading volume of 651,497 shares, compared to its average volume of 1,739,539. 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 $9.96 billion, a price-to-earnings ratio of -969.60 and a beta of 1.64. The business's fifty day moving average is $105.00 and its 200 day moving average is $126.41.

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 for the quarter, missing the consensus estimate of $0.95 by ($0.08). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The business's quarterly revenue was up 53.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.31 earnings per share. As a group, sell-side analysts anticipate that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 16th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.20 dividend on an annualized basis and a yield of 1.24%. FTAI Aviation's dividend payout ratio is currently 571.43%.

Insider Activity

In related news, CEO Joseph P. Jr. Adams acquired 3,000 shares of FTAI Aviation stock in a transaction that occurred on Friday, May 2nd. The shares were purchased at an average cost of $94.54 per share, for a total transaction of $283,620.00. Following the acquisition, the chief executive officer now owns 341,852 shares in the company, valued at approximately $32,318,688.08. This represents a 0.89 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO David Moreno acquired 6,580 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was purchased at an average price of $94.85 per share, for a total transaction of $624,113.00. Following the acquisition, the chief operating officer now directly owns 231,623 shares in the company, valued at approximately $21,969,441.55. This trade represents a 2.92 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.60% of the company's stock.

Analysts Set New Price Targets

FTAI has been the subject of several recent analyst reports. Morgan Stanley cut their price target on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Barclays cut their target price 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. Stifel Nicolaus raised shares of FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price target on the stock in a research note on Friday. Royal Bank of Canada cut their price objective on FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating for the company in a research note on Friday. Finally, StockNews.com raised FTAI Aviation to a "sell" rating in a report on Wednesday, April 23rd. One equities 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, FTAI Aviation has a consensus rating of "Moderate Buy" and a consensus price target 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.