LMR Partners LLP Acquires Shares of 5,000 FTAI Aviation Ltd. (NYSE:FTAI)

LMR Partners LLP bought a new stake in FTAI Aviation Ltd. (NYSE:FTAI) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,000 shares of the financial services provider’s stock, valued at approximately $720,000.

A number of other hedge funds have also modified their holdings of the business. J. Goldman & Co LP raised its position in shares of FTAI Aviation by 3.7% in the fourth quarter. J. Goldman & Co LP now owns 230,883 shares of the financial services provider’s stock valued at $33,256,000 after buying an additional 8,136 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of FTAI Aviation by 0.4% in the fourth quarter. Janus Henderson Group PLC now owns 80,133 shares of the financial services provider’s stock valued at $11,542,000 after buying an additional 296 shares during the last quarter. Jefferies Financial Group Inc. raised its position in shares of FTAI Aviation by 2,941.7% in the fourth quarter. Jefferies Financial Group Inc. now owns 125,377 shares of the financial services provider’s stock valued at $18,059,000 after buying an additional 121,255 shares during the last quarter. Granahan Investment Management LLC acquired a new stake in shares of FTAI Aviation in the fourth quarter valued at about $8,468,000. Finally, Engle Capital Management L.P. raised its position in shares of FTAI Aviation by 26.4% in the fourth quarter. Engle Capital Management L.P. now owns 120,000 shares of the financial services provider’s stock valued at $17,285,000 after buying an additional 25,100 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Price Performance

Shares of FTAI stock opened at $117.81 on Wednesday. The firm has a market cap of $12.08 billion, a PE ratio of -1,177.98 and a beta of 1.64. The company has a 50-day moving average of $103.25 and a two-hundred day moving average of $124.92. FTAI Aviation Ltd. has a 1-year low of $75.06 and a 1-year high of $181.64.

FTAI Aviation (NYSE:FTAI) last announced 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%. FTAI Aviation’s revenue for the quarter was up 53.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 EPS. Sell-side analysts anticipate that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 16th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Friday, May 16th. FTAI Aviation’s dividend payout ratio (DPR) is presently 571.43%.

Insiders Place Their Bets

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

Analysts Set New Price Targets

FTAI has been the subject of a number of recent research reports. JMP Securities reduced their target price on shares of FTAI Aviation from $190.00 to $180.00 and set a “market outperform” rating for the company in a research report on Thursday, May 8th. Citizens Jmp upgraded shares of FTAI Aviation to a “strong-buy” rating in a research report on Thursday, May 8th. Citigroup restated a “buy” rating on shares of FTAI Aviation in a research report on Thursday, March 6th. Barclays cut their price objective on shares of FTAI Aviation from $180.00 to $150.00 and set an “overweight” rating for the company in a research report on Thursday, May 1st. Finally, Stifel Nicolaus upgraded shares of FTAI Aviation from a “hold” rating to a “buy” rating and set a $123.00 price objective for the company in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, FTAI Aviation has a consensus rating of “Moderate Buy” and an average target price of $171.83.

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.