Pennington Partners & CO. LLC Invests $1.33 Million in FTAI Aviation Ltd. (NYSE:FTAI)

Pennington Partners & CO. LLC bought a new position in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 9,245 shares of the financial services provider's stock, valued at approximately $1,332,000. FTAI Aviation comprises approximately 0.7% of Pennington Partners & CO. LLC's investment portfolio, making the stock its 19th biggest position.

Other large investors have also made changes to their positions in the company. Merit Financial Group LLC increased its holdings in shares of FTAI Aviation by 2.5% in the 4th quarter. Merit Financial Group LLC now owns 4,256 shares of the financial services provider's stock valued at $613,000 after acquiring an additional 105 shares during the period. CIBC Asset Management Inc raised its position in shares of FTAI Aviation by 4.5% in the 4th quarter. CIBC Asset Management Inc now owns 3,389 shares of the financial services provider's stock worth $488,000 after buying an additional 147 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of FTAI Aviation by 7.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,405 shares of the financial services provider's stock valued at $346,000 after acquiring an additional 161 shares during the period. Private Trust Co. NA lifted its position in FTAI Aviation by 221.1% during the 4th quarter. Private Trust Co. NA now owns 244 shares of the financial services provider's stock worth $35,000 after acquiring an additional 168 shares in the last quarter. Finally, Park Avenue Securities LLC raised its stake in shares of FTAI Aviation by 8.5% during the fourth quarter. Park Avenue Securities LLC now owns 2,187 shares of the financial services provider's stock valued at $315,000 after purchasing an additional 172 shares during the period. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Aviation Stock Performance

Shares of FTAI Aviation stock traded up $7.08 during trading on Tuesday, reaching $107.83. The company's stock had a trading volume of 2,611,828 shares, compared to its average volume of 1,752,788. The firm has a market cap of $11.06 billion, a price-to-earnings ratio of -1,078.14 and a beta of 1.64. The business's fifty day moving average price is $104.20 and its 200-day moving average price is $126.11. FTAI Aviation Ltd. has a one year low of $75.06 and a one year high of $181.64.

FTAI Aviation (NYSE:FTAI - Get Free Report) last announced its quarterly 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 net margin of 1.59% and a return on equity of 206.25%. The company's revenue for the quarter was up 53.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.31 EPS. Sell-side analysts anticipate that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 16th will be issued a $0.30 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.20 dividend on an annualized basis and a yield of 1.11%. FTAI Aviation's dividend payout ratio is presently 571.43%.

Insider Buying and Selling at FTAI Aviation

In other news, COO David Moreno purchased 6,580 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The shares were acquired at an average cost of $94.85 per share, for a total transaction of $624,113.00. Following the transaction, the chief operating officer now directly owns 231,623 shares of the company's stock, valued at approximately $21,969,441.55. The trade was a 2.92 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, 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 purchase, the chief executive officer now directly owns 341,852 shares in the company, valued at $32,318,688.08. The trade was a 0.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 10,667 shares of company stock valued at $1,008,715. 1.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on FTAI shares. Barclays dropped their price objective on 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. Citigroup restated a "buy" rating on shares of FTAI Aviation in a research note on Thursday, March 6th. Morgan Stanley decreased their price target on FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Finally, StockNews.com upgraded FTAI Aviation to a "sell" rating in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $167.83.

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.