Nuveen Asset Management LLC Acquires 48,269 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Nuveen Asset Management LLC grew its holdings in FTAI Aviation Ltd. (NYSE:FTAI) by 12.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 423,096 shares of the financial services provider’s stock after acquiring an additional 48,269 shares during the quarter. Nuveen Asset Management LLC owned 0.41% of FTAI Aviation worth $60,943,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Transce3nd LLC acquired a new position in FTAI Aviation during the fourth quarter worth $29,000. Kapitalo Investimentos Ltda bought a new position in FTAI Aviation in the fourth quarter valued at about $30,000. Private Trust Co. NA boosted its holdings in FTAI Aviation by 221.1% in the fourth quarter. Private Trust Co. NA now owns 244 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 168 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in FTAI Aviation in the fourth quarter valued at about $36,000. Finally, Blue Trust Inc. bought a new position in FTAI Aviation in the fourth quarter valued at about $56,000. 88.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FTAI has been the topic of several recent research reports. Royal Bank of Canada decreased their price target on FTAI Aviation from $140.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Citizens Jmp upgraded FTAI Aviation to a “strong-buy” rating in a report on Thursday, May 8th. Stifel Nicolaus upgraded FTAI Aviation from a “hold” rating to a “buy” rating and set a $123.00 target price on the stock in a report on Friday, May 2nd. JMP Securities reduced their target price on FTAI Aviation from $190.00 to $180.00 and set a “market outperform” rating on the stock in a report on Thursday, May 8th. Finally, Citigroup restated a “buy” rating on shares of FTAI Aviation in a report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $171.83.

FTAI Aviation Price Performance

NYSE:FTAI opened at $117.98 on Monday. FTAI Aviation Ltd. has a fifty-two week low of $75.06 and a fifty-two week high of $181.64. The stock has a market capitalization of $12.10 billion, a PE ratio of -1,179.68 and a beta of 1.64. The business’s 50-day simple moving average is $104.18 and its 200-day simple moving average is $124.32.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings data 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 net margin of 1.59% and a return on equity of 206.25%. During the same period in the prior year, the firm posted $0.31 EPS. The company’s revenue was up 53.7% compared to the same quarter last year. On average, research 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 announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 16th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.02%. The ex-dividend date is Friday, May 16th. FTAI Aviation’s payout ratio is 571.43%.

Insider Buying and Selling at FTAI Aviation

In other news, insider Stacy Kuperus bought 1,087 shares of the business’s stock in a transaction on Friday, May 2nd. The shares were purchased at an average price of $92.90 per share, for a total transaction 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. The trade was a 1.24% 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, CEO Joseph P. Jr. Adams bought 3,000 shares of the business’s stock in a transaction on Friday, May 2nd. The stock was purchased at an average price 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 approximately $32,318,688.08. This represents a 0.89% increase in their position. The disclosure for this purchase can be found here. In the last quarter, 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 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.