FTAI Aviation Ltd. (NASDAQ:FTAI) Stake Lowered by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc cut its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 11.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,100 shares of the financial services provider’s stock after selling 3,900 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in FTAI Aviation were worth $3,231,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Channing Capital Management LLC grew its holdings in FTAI Aviation by 15.0% in the 4th quarter. Channing Capital Management LLC now owns 61,531 shares of the financial services provider’s stock worth $8,863,000 after buying an additional 8,023 shares in the last quarter. Clearbridge Investments LLC grew its holdings in FTAI Aviation by 104.3% in the 4th quarter. Clearbridge Investments LLC now owns 463,411 shares of the financial services provider’s stock worth $66,750,000 after buying an additional 236,556 shares in the last quarter. Cynosure Group LLC bought a new position in FTAI Aviation in the 4th quarter worth approximately $321,000. Harbor Capital Advisors Inc. grew its holdings in FTAI Aviation by 27.3% in the 1st quarter. Harbor Capital Advisors Inc. now owns 147,753 shares of the financial services provider’s stock worth $16,405,000 after buying an additional 31,694 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in FTAI Aviation by 24,780.1% in the 1st quarter. GAMMA Investing LLC now owns 47,521 shares of the financial services provider’s stock worth $5,276,000 after buying an additional 47,330 shares in the last quarter. 88.96% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Stacy Kuperus acquired 1,087 shares of the business’s stock in a transaction dated Friday, May 2nd. The stock was bought at an average price of $92.90 per share, for a total transaction of $100,982.30. Following the transaction, 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joseph P. Jr. Adams acquired 3,000 shares of the business’s stock in a transaction dated Friday, May 2nd. The shares were bought at an average price of $94.54 per share, with a total value of $283,620.00. Following the transaction, the chief executive officer now directly 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 disclosure for this purchase can be found here. In the last 90 days, insiders purchased 10,667 shares of company stock worth $1,008,715. Insiders own 1.30% of the company’s stock.

FTAI Aviation Price Performance

FTAI opened at $118.60 on Friday. The company has a market capitalization of $12.16 billion, a price-to-earnings ratio of 564.76 and a beta of 1.66. FTAI Aviation Ltd. has a 1-year low of $75.06 and a 1-year high of $181.64. The business has a 50 day moving average price of $115.50 and a two-hundred day moving average price of $116.79.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings data 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 3.74% and a return on equity of 438.32%. During the same period last year, the company posted $0.31 EPS. The company’s quarterly revenue was up 53.7% on a year-over-year basis. Equities analysts expect that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 16th were given a dividend of $0.30 per share. The ex-dividend date was Friday, May 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.01%. FTAI Aviation’s dividend payout ratio (DPR) is presently 571.43%.

Analysts Set New Price Targets

FTAI has been the subject of a number of recent analyst reports. Citigroup reissued a “buy” rating on shares of FTAI Aviation in a report on Thursday, March 6th. Stifel Nicolaus raised FTAI Aviation from a “hold” rating to a “buy” rating and set a $123.00 price objective for the company in a report on Friday, May 2nd. Morgan Stanley decreased their price objective on FTAI Aviation from $168.00 to $138.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Wall Street Zen raised FTAI Aviation to a “sell” rating in a report on Wednesday, April 23rd. Finally, JMP Securities cut their target price on 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. One equities research analyst has rated the stock with a sell rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.