Concentric Capital Strategies LP Makes New Investment in FTAI Aviation Ltd. (NYSE:FTAI)

Concentric Capital Strategies LP acquired a new stake in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 106,634 shares of the financial services provider's stock, valued at approximately $15,360,000. FTAI Aviation makes up about 0.7% of Concentric Capital Strategies LP's portfolio, making the stock its 20th largest holding. Concentric Capital Strategies LP owned approximately 0.10% of FTAI Aviation at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of FTAI. Barclays PLC grew its stake in shares of FTAI Aviation by 73.5% during the third quarter. Barclays PLC now owns 214,610 shares of the financial services provider's stock worth $28,520,000 after buying an additional 90,905 shares during the last quarter. Franklin Resources Inc. grew its position in FTAI Aviation by 102.8% during the 3rd quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider's stock worth $54,685,000 after acquiring an additional 208,613 shares during the last quarter. Everence Capital Management Inc. acquired a new position in FTAI Aviation in the 4th quarter worth about $203,000. Diversified Trust Co raised its position in FTAI Aviation by 79.4% in the fourth quarter. Diversified Trust Co now owns 23,463 shares of the financial services provider's stock valued at $3,380,000 after purchasing an additional 10,383 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of FTAI Aviation by 148.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 116,059 shares of the financial services provider's stock valued at $16,717,000 after purchasing an additional 69,260 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on FTAI. JMP Securities lowered their target price on FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating for the company in a research report on Thursday. Morgan Stanley reduced their target price on FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Citizens Jmp upgraded shares of FTAI Aviation to a "strong-buy" rating in a report on Thursday. Royal Bank of Canada reduced their price objective on shares of FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Finally, Wolfe Research raised shares of FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 target price for the company in a research note on Friday, January 10th. One investment 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. According to data from MarketBeat, FTAI Aviation has a consensus rating of "Moderate Buy" and an average target price of $171.83.

FTAI Aviation Price Performance

NYSE:FTAI traded down $2.89 during trading hours on Friday, hitting $107.12. The company had a trading volume of 1,839,431 shares, compared to its average volume of 1,770,405. The stock has a 50-day moving average price of $103.06 and a 200 day moving average price of $125.42. The company has a market capitalization of $10.99 billion, a PE ratio of -1,071.09 and a beta of 1.64. FTAI Aviation Ltd. has a 52 week low of $75.06 and a 52 week high of $181.64.

FTAI Aviation (NYSE:FTAI - Get Free Report) last released its earnings results on Wednesday, April 30th. The financial services provider reported $0.87 EPS for the quarter, missing analysts' consensus estimates 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 posted $0.31 earnings per share. The company's revenue for the quarter was up 53.7% compared to the same quarter last year. Analysts anticipate that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders 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 dividend yield of 1.12%. The ex-dividend date of this dividend is Friday, May 16th. FTAI Aviation's payout ratio is currently 571.43%.

Insider Activity at FTAI Aviation

In related news, COO David Moreno acquired 6,580 shares of FTAI Aviation stock in a transaction dated Friday, May 2nd. The stock was purchased at an average cost of $94.85 per share, for a total transaction of $624,113.00. Following the purchase, the chief operating officer now directly owns 231,623 shares of the company's stock, valued at approximately $21,969,441.55. This trade represents a 2.92 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Joseph P. Jr. Adams purchased 3,000 shares of FTAI Aviation stock in a transaction on Friday, May 2nd. The stock was bought at an average price of $94.54 per share, with a total value of $283,620.00. Following the transaction, the chief executive officer now owns 341,852 shares of the company's stock, valued at approximately $32,318,688.08. This represents a 0.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 10,667 shares of company stock valued at $1,008,715 over the last ninety days. Insiders own 1.30% of the company's stock.

FTAI Aviation 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.