FTAI Aviation Ltd. (NASDAQ:FTAI) Shares Sold by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC trimmed its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 64.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,026 shares of the financial services provider's stock after selling 3,730 shares during the period. Concurrent Investment Advisors LLC's holdings in FTAI Aviation were worth $225,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its position in shares of FTAI Aviation by 7.2% in the first quarter. Bank of New York Mellon Corp now owns 397,819 shares of the financial services provider's stock worth $44,170,000 after buying an additional 26,876 shares during the period. Moody Aldrich Partners LLC lifted its position in FTAI Aviation by 39.8% during the 1st quarter. Moody Aldrich Partners LLC now owns 40,867 shares of the financial services provider's stock worth $4,537,000 after acquiring an additional 11,642 shares in the last quarter. Cannon Global Investment Management LLC acquired a new position in FTAI Aviation during the 1st quarter worth approximately $333,000. WCM Investment Management LLC boosted its holdings in FTAI Aviation by 11.2% in the 1st quarter. WCM Investment Management LLC now owns 242,083 shares of the financial services provider's stock worth $27,200,000 after acquiring an additional 24,296 shares during the period. Finally, Rossby Financial LCC acquired a new stake in FTAI Aviation in the first quarter valued at approximately $45,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on FTAI shares. Morgan Stanley decreased their target price on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Wall Street Zen raised FTAI Aviation to a "sell" rating in a research report on Wednesday, April 23rd. Citigroup reissued a "buy" rating on shares of FTAI Aviation in a report on Thursday, July 10th. Citizens Jmp upgraded FTAI Aviation to a "strong-buy" rating in a report on Thursday, May 8th. Finally, Royal Bank Of Canada cut their target price on FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $171.83.

FTAI Aviation Price Performance

NASDAQ:FTAI traded up $1.36 during midday trading on Wednesday, reaching $115.15. 1,017,503 shares of the company traded hands, compared to its average volume of 2,445,016. The firm has a market capitalization of $11.81 billion, a price-to-earnings ratio of 548.33 and a beta of 1.62. The company has a fifty day moving average price of $118.78 and a 200 day moving average price of $115.35. FTAI Aviation Ltd. has a twelve month low of $75.06 and a twelve month high of $181.64.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last posted its earnings results on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.95 by ($0.08). FTAI Aviation had a net margin of 3.74% and a return on equity of 438.32%. During the same period in the prior year, the firm earned $0.31 earnings per share. The firm's revenue for the quarter was up 53.7% on a year-over-year basis. On average, equities research analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 16th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.20 annualized dividend and a dividend yield of 1.04%. FTAI Aviation's payout ratio is currently 571.43%.

Insider Activity

In other FTAI Aviation news, CEO Joseph P. Jr. Adams purchased 3,000 shares of the firm's stock in a transaction dated 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 completion of the purchase, the chief executive officer owned 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO David Moreno purchased 6,580 shares of the stock in a transaction dated Friday, May 2nd. The shares were acquired at an average cost of $94.85 per share, for a total transaction of $624,113.00. Following the completion of the acquisition, the chief operating officer directly owned 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 disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 10,667 shares of company stock valued at $1,008,715. Insiders own 1.60% 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.