Concentric Capital Strategies LP Takes $15.36 Million Position in FTAI Aviation Ltd. (NYSE:FTAI)

Concentric Capital Strategies LP bought a new position in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 106,634 shares of the financial services provider's stock, valued at approximately $15,360,000. FTAI Aviation comprises about 0.7% of Concentric Capital Strategies LP's investment portfolio, making the stock its 20th biggest position. Concentric Capital Strategies LP owned approximately 0.10% of FTAI Aviation as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of FTAI. Capital International Investors boosted its holdings in FTAI Aviation by 39.7% in the 4th quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider's stock worth $1,537,940,000 after buying an additional 3,034,838 shares during the period. Norges Bank purchased a new stake in shares of FTAI Aviation during the 4th quarter valued at about $183,688,000. William Blair Investment Management LLC purchased a new stake in FTAI Aviation in the 4th quarter worth about $174,372,000. Clearbridge Investments LLC raised its position 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 purchasing an additional 236,556 shares during the period. Finally, Wellington Management Group LLP grew its stake in FTAI Aviation by 35.1% in the 4th quarter. Wellington Management Group LLP now owns 904,193 shares of the financial services provider's stock worth $130,240,000 after acquiring an additional 234,874 shares in the last quarter. 88.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FTAI. Citigroup restated a "buy" rating on shares of FTAI Aviation in a research note on Thursday, March 6th. Citizens Jmp upgraded shares of FTAI Aviation to a "strong-buy" rating in a research report on Thursday. Royal Bank of Canada decreased their target price 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. JMP Securities reduced their price target 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $171.83.

FTAI Aviation Stock Up 3.4%

FTAI traded up $3.66 during midday trading on Monday, hitting $110.79. 673,992 shares of the company traded hands, compared to its average volume of 1,771,371. 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 $11.36 billion, a PE ratio of -1,106.04 and a beta of 1.64. The company's 50-day moving average is $103.06 and its 200 day moving average is $125.19.

FTAI Aviation (NYSE:FTAI - Get Free Report) last released its earnings results on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share for the quarter, missing analysts' consensus estimates of $0.95 by ($0.08). FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The firm's revenue for the quarter was up 53.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.31 earnings per share. On average, sell-side analysts predict that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders 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 yield of 1.08%. The ex-dividend date is Friday, May 16th. FTAI Aviation's dividend payout ratio (DPR) is currently 571.43%.

Insiders Place Their Bets

In related news, COO David Moreno bought 6,580 shares of the stock in a transaction dated Friday, May 2nd. The stock was bought at an average cost of $94.85 per share, with a total value of $624,113.00. Following the completion of the acquisition, the chief operating officer now owns 231,623 shares of the company's stock, valued at $21,969,441.55. This trade represents a 2.92% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stacy Kuperus bought 1,087 shares of FTAI Aviation stock in a transaction dated Friday, May 2nd. The stock was acquired at an average price of $92.90 per share, with a total value of $100,982.30. Following the acquisition, the insider now directly owns 88,423 shares of the company's stock, valued at approximately $8,214,496.70. This represents a 1.24% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 10,667 shares of company stock valued at $1,008,715. Insiders own 1.30% of the company's stock.

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.