59,402 Shares in FTAI Aviation Ltd. (NYSE:FTAI) Acquired by Nicholas Investment Partners LP

Nicholas Investment Partners LP purchased a new stake in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 59,402 shares of the financial services provider's stock, valued at approximately $2,756,000. Nicholas Investment Partners LP owned approximately 0.06% of FTAI Aviation at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in FTAI. Public Employees Retirement System of Ohio lifted its holdings in FTAI Aviation by 37.4% in the third quarter. Public Employees Retirement System of Ohio now owns 848 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 231 shares during the last quarter. CWM LLC acquired a new position in FTAI Aviation in the fourth quarter valued at approximately $43,000. Operose Advisors LLC acquired a new position in FTAI Aviation in the third quarter valued at approximately $75,000. USA Financial Formulas lifted its holdings in FTAI Aviation by 1,684.6% in the fourth quarter. USA Financial Formulas now owns 1,624 shares of the financial services provider's stock valued at $75,000 after acquiring an additional 1,533 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in FTAI Aviation by 25.2% in the third quarter. PNC Financial Services Group Inc. now owns 3,264 shares of the financial services provider's stock valued at $116,000 after acquiring an additional 657 shares during the last quarter. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on FTAI shares. Compass Point upped their price objective on FTAI Aviation from $71.00 to $88.00 and gave the company a "buy" rating in a report on Friday, April 26th. Barclays raised their price target on FTAI Aviation from $62.00 to $80.00 and gave the stock an "overweight" rating in a research report on Thursday, April 4th. Royal Bank of Canada started coverage on FTAI Aviation in a research report on Friday, May 3rd. They set an "outperform" rating and a $85.00 price target for the company. Morgan Stanley raised their price target on FTAI Aviation from $58.00 to $70.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 27th. Finally, Benchmark restated a "buy" rating and set a $100.00 price target on shares of FTAI Aviation in a research report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $68.95.

FTAI Aviation Stock Up 2.4 %

FTAI Aviation stock traded up $1.83 during midday trading on Tuesday, reaching $78.48. The company's stock had a trading volume of 560,491 shares, compared to its average volume of 871,887. FTAI Aviation Ltd. has a fifty-two week low of $27.29 and a fifty-two week high of $81.40. The company has a market cap of $7.87 billion, a P/E ratio of 35.84 and a beta of 1.90. The business has a 50-day simple moving average of $68.82 and a 200-day simple moving average of $55.00.

FTAI Aviation (NYSE:FTAI - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.06). FTAI Aviation had a net margin of 21.08% and a return on equity of 188.45%. The business had revenue of $326.70 million during the quarter, compared to analyst estimates of $302.07 million. During the same quarter in the prior year, the business earned $0.22 earnings per share. The firm's quarterly revenue was up 11.6% on a year-over-year basis. As a group, equities analysts forecast that FTAI Aviation Ltd. will post 1.88 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Friday, May 10th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Thursday, May 9th. FTAI Aviation's dividend payout ratio is presently 54.79%.

FTAI Aviation Company 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.