FTAI Aviation Ltd. (NYSE:FTAI) Shares Purchased by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in FTAI Aviation Ltd. (NYSE:FTAI) by 179.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,562 shares of the financial services provider’s stock after buying an additional 2,931 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in FTAI Aviation were worth $657,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Concentric Capital Strategies LP purchased a new stake in shares of FTAI Aviation in the 4th quarter valued at $15,360,000. Corton Capital Inc. boosted its holdings in FTAI Aviation by 32.6% in the fourth quarter. Corton Capital Inc. now owns 2,001 shares of the financial services provider’s stock valued at $288,000 after purchasing an additional 492 shares during the last quarter. Crestline Management LP acquired a new stake in FTAI Aviation during the 4th quarter worth about $950,000. Centiva Capital LP purchased a new position in shares of FTAI Aviation during the 4th quarter valued at about $295,000. Finally, Bridgefront Capital LLC lifted its holdings in shares of FTAI Aviation by 42.1% in the 4th quarter. Bridgefront Capital LLC now owns 5,492 shares of the financial services provider’s stock valued at $791,000 after buying an additional 1,628 shares during the period. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Stock Down 2.6%

FTAI opened at $107.12 on Monday. The company has a market cap of $10.99 billion, a PE ratio of -1,071.09 and a beta of 1.64. FTAI Aviation Ltd. has a twelve month low of $75.06 and a twelve month high of $181.64. The company has a 50-day moving average price of $103.06 and a 200 day moving average price of $125.19.

FTAI Aviation (NYSE:FTAI) last announced its earnings results on Wednesday, April 30th. The financial services provider reported $0.87 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%. FTAI Aviation’s quarterly revenue was up 53.7% compared to the same quarter last year. During the same period last year, the firm posted $0.31 EPS. As a group, sell-side analysts expect that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders 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 1.12%. FTAI Aviation’s payout ratio is currently 571.43%.

Analysts Set New Price Targets

Several analysts recently commented on FTAI shares. Citizens Jmp raised FTAI Aviation to a “strong-buy” rating in a report on Thursday. Morgan Stanley cut their target price 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. Stifel Nicolaus upgraded shares of FTAI Aviation from a “hold” rating to a “buy” rating and set a $123.00 target price for the company in a research note on Friday, May 2nd. 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. Finally, StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $171.83.

Insider Buying and Selling at FTAI Aviation

In other FTAI Aviation news, CEO Joseph P. Jr. Adams bought 3,000 shares of the firm’s stock in a transaction on Friday, May 2nd. The shares were acquired at an average cost of $94.54 per share, with a total value of $283,620.00. Following the purchase, the chief executive officer now directly owns 341,852 shares of the company’s stock, valued at $32,318,688.08. This trade represents a 0.89% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Stacy Kuperus bought 1,087 shares of the stock in a transaction dated Friday, May 2nd. The shares were bought at an average price of $92.90 per share, for a total transaction of $100,982.30. Following the completion of the acquisition, the insider now owns 88,423 shares in the company, valued at approximately $8,214,496.70. The trade was a 1.24% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 10,667 shares of company stock worth $1,008,715. Corporate insiders own 1.30% of the company’s stock.

FTAI Aviation 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.