Roman Butler Fullerton & Co. Buys 13,303 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Roman Butler Fullerton & Co. grew its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 98.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,848 shares of the financial services provider’s stock after buying an additional 13,303 shares during the quarter. Roman Butler Fullerton & Co.’s holdings in FTAI Aviation were worth $1,246,000 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 stock. Citigroup Inc. lifted its holdings in shares of FTAI Aviation by 221.0% during the first quarter. Citigroup Inc. now owns 28,196 shares of the financial services provider’s stock valued at $726,000 after purchasing an additional 19,413 shares during the last quarter. BlackRock Inc. purchased a new position in FTAI Aviation in the 1st quarter worth approximately $96,000. Spring Creek Capital LLC raised its holdings in FTAI Aviation by 2.7% in the 1st quarter. Spring Creek Capital LLC now owns 446,322 shares of the financial services provider’s stock worth $11,493,000 after acquiring an additional 11,856 shares during the last quarter. Cruiser Capital Advisors LLC raised its holdings in FTAI Aviation by 8.0% in the 1st quarter. Cruiser Capital Advisors LLC now owns 251,016 shares of the financial services provider’s stock worth $6,464,000 after acquiring an additional 18,628 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in FTAI Aviation by 1.1% in the 1st quarter. Gamco Investors INC. ET AL now owns 64,340 shares of the financial services provider’s stock worth $1,657,000 after acquiring an additional 722 shares during the last quarter. 88.96% of the stock is owned by institutional investors.

FTAI Aviation Stock Down 0.4 %

FTAI stock traded down $0.31 during mid-day trading on Thursday, hitting $69.60. The company had a trading volume of 66,463 shares, compared to its average volume of 829,384. The company has a market capitalization of $6.98 billion, a price-to-earnings ratio of 34.15 and a beta of 1.90. FTAI Aviation Ltd. has a 12-month low of $26.58 and a 12-month high of $73.54. The company has a 50-day moving average price of $61.46 and a 200 day moving average price of $49.53.

FTAI Aviation (NYSE:FTAI) last announced its earnings results on Thursday, February 22nd. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.72. The firm had revenue of $312.74 million for the quarter, compared to analysts’ expectations of $310.04 million. FTAI Aviation had a net margin of 20.82% and a return on equity of 223.80%. The business’s revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.20 EPS. As a group, analysts expect that FTAI Aviation Ltd. will post 2.43 EPS for the current year.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 8th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Thursday, March 7th. FTAI Aviation’s dividend payout ratio is 57.14%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus restated a “hold” rating and issued a $59.00 price objective (up from $40.00) on shares of FTAI Aviation in a report on Monday, February 26th. Benchmark boosted their target price on shares of FTAI Aviation from $45.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Barclays boosted their price objective on shares of FTAI Aviation from $62.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. StockNews.com downgraded shares of FTAI Aviation from a “hold” rating to a “sell” rating in a report on Friday, April 12th. Finally, Morgan Stanley upped their target price on shares of FTAI Aviation from $58.00 to $70.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, FTAI Aviation currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.25.

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.