Waterloo Capital L.P. Makes New $819,000 Investment in FTAI Aviation Ltd. (NYSE:FTAI)

Waterloo Capital L.P. bought a new position in FTAI Aviation Ltd. (NYSE:FTAIFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 17,661 shares of the financial services provider’s stock, valued at approximately $819,000.

Several other large investors have also recently added to or reduced their stakes in FTAI. Victory Capital Management Inc. increased its holdings in shares of FTAI Aviation by 14.2% during the fourth quarter. Victory Capital Management Inc. now owns 271,347 shares of the financial services provider’s stock valued at $12,591,000 after purchasing an additional 33,712 shares during the period. Principal Financial Group Inc. increased its holdings in shares of FTAI Aviation by 107.6% during the fourth quarter. Principal Financial Group Inc. now owns 98,096 shares of the financial services provider’s stock valued at $4,552,000 after purchasing an additional 50,834 shares during the period. CFM Wealth Partners LLC acquired a new position in shares of FTAI Aviation during the fourth quarter valued at $4,186,000. Roman Butler Fullerton & Co. increased its holdings in shares of FTAI Aviation by 98.2% during the fourth quarter. Roman Butler Fullerton & Co. now owns 26,848 shares of the financial services provider’s stock valued at $1,246,000 after purchasing an additional 13,303 shares during the period. Finally, Axxcess Wealth Management LLC acquired a new position in shares of FTAI Aviation during the third quarter valued at $957,000. 88.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on FTAI. Royal Bank of Canada raised their price target on FTAI Aviation from $85.00 to $95.00 and gave the company an “outperform” rating in a report on Friday. Morgan Stanley lifted their target price on FTAI Aviation from $58.00 to $70.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. Barclays lifted their target price on FTAI Aviation from $62.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Stifel Nicolaus lifted their target price on FTAI Aviation from $59.00 to $66.00 and gave the stock a “hold” rating in a report on Monday, April 29th. Finally, JMP Securities lifted their target price on FTAI Aviation from $66.00 to $85.00 and gave the stock a “market outperform” rating in a report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $72.50.

Check Out Our Latest Research Report on FTAI

FTAI Aviation Stock Performance

Shares of NYSE:FTAI traded down $0.72 during midday trading on Friday, reaching $81.95. The company had a trading volume of 855,319 shares, compared to its average volume of 981,697. FTAI Aviation Ltd. has a 1-year low of $27.94 and a 1-year high of $86.31. The firm has a market cap of $8.22 billion, a price-to-earnings ratio of 37.42 and a beta of 1.95. The company has a fifty day simple moving average of $75.97 and a two-hundred day simple moving average of $59.95.

FTAI Aviation (NYSE:FTAIGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). FTAI Aviation had a return on equity of 188.45% and a net margin of 21.08%. The business had revenue of $326.70 million for the quarter, compared to analyst estimates of $302.07 million. During the same quarter in the previous year, the business posted $0.22 earnings per share. The company’s revenue was up 11.6% compared to the same quarter last year. Analysts expect that FTAI Aviation Ltd. will post 1.93 EPS for the current year.

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Friday, May 10th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, May 9th. This represents a $1.20 dividend on an annualized basis and a yield of 1.46%. FTAI Aviation’s payout ratio is presently 54.79%.

Insiders Place Their Bets

In other news, CEO Joseph P. Jr. Adams purchased 59,000 shares of FTAI Aviation stock in a transaction dated Thursday, May 30th. The stock was acquired at an average cost of $82.00 per share, for a total transaction of $4,838,000.00. Following the acquisition, the chief executive officer now directly owns 197,382 shares in the company, valued at $16,185,324. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.60% of the company’s stock.

About FTAI Aviation

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for FTAI Aviation (NYSE:FTAI)

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