WCM Investment Management LLC raised its stake in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 11.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 approximately 0.24% of FTAI Aviation worth $27,200,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Capital International Investors boosted its position in shares of FTAI Aviation by 39.7% during the 4th quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider's stock valued at $1,537,940,000 after acquiring an additional 3,034,838 shares during the last quarter. Vanguard Group Inc. boosted its holdings in FTAI Aviation by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 10,547,939 shares of the financial services provider's stock valued at $1,519,325,000 after purchasing an additional 184,730 shares during the last quarter. Hood River Capital Management LLC boosted its holdings in FTAI Aviation by 8.0% in the 4th quarter. Hood River Capital Management LLC now owns 2,069,824 shares of the financial services provider's stock valued at $298,137,000 after purchasing an additional 153,909 shares during the last quarter. Two Sigma Advisers LP grew its stake in shares of FTAI Aviation by 24.5% in the 4th quarter. Two Sigma Advisers LP now owns 1,305,400 shares of the financial services provider's stock valued at $188,030,000 after buying an additional 256,800 shares during the period. Finally, Norges Bank acquired a new stake in shares of FTAI Aviation during the 4th quarter worth approximately $183,688,000. 88.96% of the stock is owned by institutional investors and hedge funds.
FTAI Aviation Stock Performance
Shares of FTAI traded up $1.81 during mid-day trading on Friday, hitting $114.95. 961,130 shares of the company's stock were exchanged, compared to its average volume of 2,204,144. The stock's 50-day moving average is $117.31 and its 200-day moving average is $116.21. FTAI Aviation Ltd. has a fifty-two week low of $75.06 and a fifty-two week high of $181.64. The company has a market cap of $11.79 billion, a price-to-earnings ratio of 547.38 and a beta of 1.62.
FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released 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 return on equity of 438.32% and a net margin of 3.74%. The company's quarterly revenue was up 53.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.31 EPS. As a group, equities research analysts anticipate that FTAI Aviation Ltd. will post 2.2 EPS for the current year.
FTAI Aviation Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 16th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend was Friday, May 16th. FTAI Aviation's payout ratio is currently 571.43%.
Insider Activity at FTAI Aviation
In related news, insider Stacy Kuperus purchased 1,087 shares of the business's stock in a transaction on Friday, May 2nd. The shares were bought at an average price of $92.90 per share, for a total transaction of $100,982.30. Following the acquisition, the insider directly owned 88,423 shares in the company, valued at $8,214,496.70. This trade represents a 1.24% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO David Moreno acquired 6,580 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was bought at an average price of $94.85 per share, with a total value of $624,113.00. Following the purchase, the chief operating officer directly owned 231,623 shares in the company, 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 three months, insiders purchased 10,667 shares of company stock worth $1,008,715. Company insiders own 1.30% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on FTAI. Royal Bank Of Canada lowered their price objective on FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. JMP Securities lowered their price target on FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating for the company in a report on Thursday, May 8th. 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 report on Friday, May 2nd. Wall Street Zen raised shares of FTAI Aviation to a "sell" rating in a research report on Wednesday, April 23rd. Finally, Barclays lowered their target price on shares of FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. One 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. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $171.83.
Read Our Latest Stock Analysis on FTAI
About FTAI Aviation
(
Free Report)
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.
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