Castleark Management LLC Sells 30,830 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Castleark Management LLC trimmed its holdings in FTAI Aviation Ltd. (NYSE:FTAI) by 26.8% during the fourth quarter, Holdings Channel reports. The firm owned 84,170 shares of the financial services provider’s stock after selling 30,830 shares during the quarter. Castleark Management LLC’s holdings in FTAI Aviation were worth $12,124,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Virtus Fund Advisers LLC bought a new position in FTAI Aviation during the 4th quarter valued at $26,000. Transce3nd LLC bought a new stake in shares of FTAI Aviation during the fourth quarter valued at about $29,000. Kapitalo Investimentos Ltda bought a new position in FTAI Aviation in the 4th quarter valued at $30,000. Private Trust Co. NA grew its position in FTAI Aviation by 221.1% during the fourth quarter. Private Trust Co. NA now owns 244 shares of the financial services provider’s stock worth $35,000 after buying an additional 168 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of FTAI Aviation during the fourth quarter worth about $36,000. 88.96% of the stock is currently owned by institutional investors.

FTAI Aviation Stock Performance

Shares of NYSE FTAI opened at $119.30 on Wednesday. FTAI Aviation Ltd. has a one year low of $75.06 and a one year high of $181.64. The firm has a fifty day moving average of $104.92 and a 200 day moving average of $124.14. The firm has a market cap of $12.23 billion, a PE ratio of -1,192.88 and a beta of 1.64.

FTAI Aviation (NYSE:FTAI) last issued its earnings results on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share (EPS) 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 previous year, the firm earned $0.31 earnings per share. The company’s quarterly revenue was up 53.7% compared to the same quarter last year. On average, equities analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 16th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Friday, May 16th. FTAI Aviation’s dividend payout ratio (DPR) is 571.43%.

Insider Activity at FTAI Aviation

In other FTAI Aviation news, CEO Joseph P. Jr. Adams purchased 3,000 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was purchased at an average cost of $94.54 per share, with a total value of $283,620.00. Following the completion of the acquisition, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO David Moreno acquired 6,580 shares of the firm’s stock in a transaction on Friday, May 2nd. The stock was bought at an average price of $94.85 per share, with a total value of $624,113.00. Following the purchase, the chief operating officer now directly owns 231,623 shares of the company’s stock, valued at $21,969,441.55. This represents a 2.92% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 10,667 shares of company stock worth $1,008,715. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on FTAI shares. Morgan Stanley decreased their price objective on FTAI Aviation from $168.00 to $138.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Royal Bank of Canada lowered their price target on FTAI Aviation from $140.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Barclays cut their target price on shares of FTAI Aviation from $180.00 to $150.00 and set an “overweight” rating on the stock in a research note on Thursday, May 1st. Citigroup reaffirmed a “buy” rating on shares of FTAI Aviation in a research note on Thursday, March 6th. Finally, JMP Securities lowered 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 report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, FTAI Aviation has a consensus rating of “Moderate Buy” and an average price target of $171.83.

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.