WCM Investment Management LLC Buys 24,296 Shares of FTAI Aviation Ltd. (NASDAQ:FTAI)

WCM Investment Management LLC increased its position in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 11.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 242,083 shares of the financial services provider's stock after buying an additional 24,296 shares during the quarter. WCM Investment Management LLC owned 0.24% of FTAI Aviation worth $27,200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Channing Capital Management LLC lifted its holdings in shares of FTAI Aviation by 15.0% in the 4th quarter. Channing Capital Management LLC now owns 61,531 shares of the financial services provider's stock worth $8,863,000 after acquiring an additional 8,023 shares during the last quarter. 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. Cynosure Group LLC bought a new stake in FTAI Aviation in the fourth quarter worth $321,000. Harbor Capital Advisors Inc. lifted its stake in FTAI Aviation by 27.3% in the first quarter. Harbor Capital Advisors Inc. now owns 147,753 shares of the financial services provider's stock worth $16,405,000 after purchasing an additional 31,694 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in FTAI Aviation by 24,780.1% during the first quarter. GAMMA Investing LLC now owns 47,521 shares of the financial services provider's stock valued at $5,276,000 after buying an additional 47,330 shares during the period. Hedge funds and other institutional investors own 88.96% of the company's stock.

Insider Activity

In other news, CEO Joseph P. Jr. Adams purchased 3,000 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The shares were bought at an average cost of $94.54 per share, for a total transaction of $283,620.00. Following the completion of the transaction, the chief executive officer directly owned 341,852 shares of the company's stock, valued at $32,318,688.08. This trade represents a 0.89% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Stacy Kuperus acquired 1,087 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was purchased at an average price of $92.90 per share, with a total value of $100,982.30. Following the acquisition, the insider owned 88,423 shares of the company's stock, valued at $8,214,496.70. This represents a 1.24% increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 10,667 shares of company stock worth $1,008,715 in the last quarter. 1.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Citizens Jmp raised FTAI Aviation to a "strong-buy" rating in a research note on Thursday, May 8th. Barclays decreased their price target on FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Stifel Nicolaus raised FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price objective for the company in a research note on Friday, May 2nd. Morgan Stanley decreased their target price on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Finally, Wall Street Zen upgraded shares of FTAI Aviation to a "sell" rating in a report on Wednesday, April 23rd. One 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 stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $171.83.

FTAI Aviation Price Performance

FTAI Aviation stock traded down $0.72 during mid-day trading on Wednesday, reaching $113.14. 2,046,063 shares of the company traded hands, compared to its average volume of 2,519,421. 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 $11.60 billion, a price-to-earnings ratio of 538.76 and a beta of 1.62. The firm's 50 day moving average price is $116.49 and its 200 day moving average price is $116.52.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter in the previous year, the firm posted $0.31 EPS. The firm's revenue was up 53.7% compared to the same quarter last year. On average, sell-side analysts anticipate that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 16th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.06%. The ex-dividend date was Friday, May 16th. FTAI Aviation's dividend payout ratio is currently 571.43%.

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.