OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases Shares of 61,000 FTAI Aviation Ltd. (NYSE:FTAI)

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 61,000 shares of the financial services provider’s stock, valued at approximately $8,786,000.

Several other institutional investors have also added to or reduced their stakes in the company. Morse Asset Management Inc grew its holdings in FTAI Aviation by 39.9% during the 4th quarter. Morse Asset Management Inc now owns 3,722 shares of the financial services provider’s stock valued at $536,000 after buying an additional 1,062 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of FTAI Aviation by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,803 shares of the financial services provider’s stock worth $8,326,000 after purchasing an additional 2,198 shares during the period. Moore Capital Management LP purchased a new position in shares of FTAI Aviation in the 4th quarter worth approximately $3,097,000. LMR Partners LLP purchased a new position in shares of FTAI Aviation in the 4th quarter worth approximately $720,000. Finally, J. Goldman & Co LP boosted its holdings in shares of FTAI Aviation by 3.7% in the 4th quarter. J. Goldman & Co LP now owns 230,883 shares of the financial services provider’s stock worth $33,256,000 after purchasing an additional 8,136 shares during the period. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Performance

Shares of FTAI stock opened at $112.96 on Tuesday. The stock has a 50 day moving average price of $103.06 and a 200 day moving average price of $124.97. The firm has a market capitalization of $11.58 billion, a P/E ratio of -1,129.49 and a beta of 1.64. FTAI Aviation Ltd. has a 52-week low of $75.06 and a 52-week high of $181.64.

FTAI Aviation (NYSE:FTAI) last issued its 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%. During the same period in the previous year, the firm earned $0.31 earnings per share. The business’s quarterly revenue was up 53.7% on a year-over-year basis. As a group, sell-side analysts forecast that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 16th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Friday, May 16th. FTAI Aviation’s payout ratio is 571.43%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on FTAI shares. StockNews.com upgraded FTAI Aviation to a “sell” rating in a report on Wednesday, April 23rd. Royal Bank of Canada dropped their target price on FTAI Aviation from $140.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Stifel Nicolaus upgraded FTAI Aviation from a “hold” rating to a “buy” rating and set a $123.00 target price for the company in a report on Friday, May 2nd. Barclays dropped their target price on FTAI Aviation from $180.00 to $150.00 and set an “overweight” rating for the company in a report on Thursday, May 1st. Finally, Citigroup reiterated a “buy” rating on shares of FTAI Aviation in a report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, FTAI Aviation currently has an average rating of “Moderate Buy” and a consensus target price of $171.83.

Insider Transactions at FTAI Aviation

In related news, CEO Joseph P. Jr. Adams purchased 3,000 shares of FTAI Aviation stock in a transaction dated Friday, May 2nd. The stock was purchased at an average cost of $94.54 per share, with a total value of $283,620.00. Following the transaction, the chief executive officer now owns 341,852 shares in the company, valued at approximately $32,318,688.08. The trade was a 0.89% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO David Moreno bought 6,580 shares of FTAI Aviation 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 completion of the transaction, the chief operating officer now directly owns 231,623 shares in the company, valued at $21,969,441.55. This represents a 2.92% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders purchased 10,667 shares of company stock valued at $1,008,715. Corporate insiders own 1.30% of the company’s stock.

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.