J. Goldman & Co LP Purchases 8,136 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

J. Goldman & Co LP raised its position in FTAI Aviation Ltd. (NYSE:FTAI) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 230,883 shares of the financial services provider’s stock after purchasing an additional 8,136 shares during the quarter. FTAI Aviation accounts for approximately 0.9% of J. Goldman & Co LP’s holdings, making the stock its 26th largest holding. J. Goldman & Co LP owned 0.23% of FTAI Aviation worth $33,256,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Merit Financial Group LLC increased its stake in 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 buying an additional 105 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of FTAI Aviation by 4.5% in the fourth quarter. CIBC Asset Management Inc now owns 3,389 shares of the financial services provider’s stock valued at $488,000 after acquiring an additional 147 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of FTAI Aviation by 7.2% in the fourth 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 last quarter. Private Trust Co. NA raised its holdings 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 worth $35,000 after acquiring an additional 168 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its position in 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 last quarter. 88.96% of the stock is currently owned by institutional investors.

Insider Activity at FTAI Aviation

In related news, CEO Joseph P. Jr. Adams bought 3,000 shares of the company’s stock in a transaction dated Friday, May 2nd. The stock was purchased at an average price of $94.54 per share, with a total value of $283,620.00. Following the completion of the acquisition, the chief executive officer now owns 341,852 shares of the company’s stock, valued at $32,318,688.08. The trade was a 0.89 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO David Moreno purchased 6,580 shares of the company’s stock in a transaction dated Friday, May 2nd. The stock was purchased at an average price of $94.85 per share, with a total value of $624,113.00. Following the completion of the purchase, the chief operating officer now directly owns 231,623 shares in the company, valued at $21,969,441.55. The trade was a 2.92 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 10,667 shares of company stock worth $1,008,715. Company insiders own 1.30% of the company’s stock.

FTAI Aviation Price Performance

FTAI opened at $107.12 on Friday. The business has a fifty day simple moving average of $103.06 and a 200 day simple moving average of $125.32. FTAI Aviation Ltd. has a 1 year low of $75.06 and a 1 year high of $181.64. The company has a market capitalization of $10.99 billion, a PE ratio of -1,071.09 and a beta of 1.64.

FTAI Aviation (NYSE:FTAI) last announced its earnings results on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.08). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. During the same quarter in the prior year, the firm posted $0.31 earnings per share. FTAI Aviation’s revenue was up 53.7% on a year-over-year basis. Equities analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm 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. The ex-dividend date is Friday, May 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.12%. FTAI Aviation’s payout ratio is 571.43%.

Analysts Set New Price Targets

FTAI has been the topic of several recent analyst reports. Citigroup reaffirmed a “buy” rating on shares of FTAI Aviation in a research report on Thursday, March 6th. Royal Bank of Canada dropped their price target on shares of FTAI Aviation from $140.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Morgan Stanley decreased their price objective 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. Citizens Jmp upgraded shares of FTAI Aviation to a “strong-buy” rating in a research note on Thursday. Finally, Stifel Nicolaus raised FTAI Aviation from a “hold” rating to a “buy” rating and set a $123.00 price target on the stock in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, FTAI Aviation currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.83.

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.