58,790 Shares in FTAI Aviation Ltd. (NYSE:FTAI) Acquired by Granahan Investment Management LLC

Granahan Investment Management LLC purchased a new position in shares of FTAI Aviation Ltd. (NYSE:FTAI) in the 4th quarter, Holdings Channel reports. The firm purchased 58,790 shares of the financial services provider’s stock, valued at approximately $8,468,000.

Other large investors also recently bought and sold shares of the company. Transce3nd LLC purchased a new position in FTAI Aviation in the fourth quarter valued at approximately $29,000. Kapitalo Investimentos Ltda purchased a new stake in FTAI Aviation during the 4th quarter worth $30,000. Private Trust Co. NA boosted its position in FTAI Aviation by 221.1% during the 4th quarter. Private Trust Co. NA now owns 244 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 168 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in FTAI Aviation in the 4th quarter valued at $36,000. Finally, Blue Trust Inc. acquired a new stake in FTAI Aviation in the fourth quarter valued at approximately $56,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on FTAI shares. Royal Bank of Canada cut their price objective on shares of FTAI Aviation from $140.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Wolfe Research upgraded FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a research note on Friday, January 10th. Citizens Jmp raised FTAI Aviation to a “strong-buy” rating in a research report on Thursday. Barclays decreased their price target 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, JMP Securities reduced their price objective on shares of FTAI Aviation from $190.00 to $180.00 and set a “market outperform” rating on the stock in a research note on Thursday. One analyst has rated the stock with a sell rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $171.83.

Insider Buying and Selling

In other news, CEO Joseph P. Jr. Adams purchased 3,000 shares of the firm’s stock in a transaction 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 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO David Moreno purchased 6,580 shares of the stock in a transaction dated Friday, May 2nd. The shares were purchased at an average price of $94.85 per share, for a total transaction of $624,113.00. Following the completion of the transaction, the chief operating officer now owns 231,623 shares in the company, valued at $21,969,441.55. This trade represents a 2.92 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 10,667 shares of company stock valued at $1,008,715 over the last 90 days. 1.30% of the stock is currently owned by company insiders.

FTAI Aviation Stock Down 2.6 %

FTAI Aviation stock opened at $107.12 on Friday. The firm has a 50-day moving average price of $103.06 and a two-hundred day moving average price of $125.42. FTAI Aviation Ltd. has a 52-week low of $75.06 and a 52-week high of $181.64. The firm has a market capitalization of $10.99 billion, a price-to-earnings ratio of -1,071.09 and a beta of 1.64.

FTAI Aviation (NYSE:FTAI) last posted its earnings results on Wednesday, April 30th. The financial services provider reported $0.87 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%. The company’s revenue for the quarter was up 53.7% compared to the same quarter last year. During the same period last year, the firm earned $0.31 earnings per share. Research analysts expect that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 16th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Friday, May 16th. FTAI Aviation’s dividend payout ratio is currently 571.43%.

About FTAI Aviation

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.