Redwood Investments LLC Raises Stock Position in FTAI Aviation Ltd. (NYSE:FTAI)

Redwood Investments LLC grew its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 288.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 44,115 shares of the financial services provider's stock after purchasing an additional 32,769 shares during the period. FTAI Aviation comprises approximately 1.7% of Redwood Investments LLC's portfolio, making the stock its 14th biggest position. Redwood Investments LLC's holdings in FTAI Aviation were worth $6,354,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FTAI. Transce3nd LLC purchased a new stake in shares of FTAI Aviation during the fourth quarter valued at approximately $29,000. Kapitalo Investimentos Ltda bought a new position in FTAI Aviation in the 4th quarter valued at $30,000. Private Trust Co. NA increased its position in shares of FTAI Aviation by 221.1% during the 4th quarter. Private Trust Co. NA now owns 244 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 168 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of FTAI Aviation during the 4th quarter worth $36,000. Finally, Blue Trust Inc. bought a new stake in shares of FTAI Aviation during the 4th quarter worth $56,000. 88.96% of the stock is owned by institutional investors.

FTAI Aviation Stock Performance

NYSE:FTAI traded down $2.50 during mid-day trading on Tuesday, reaching $119.91. The stock had a trading volume of 482,917 shares, compared to its average volume of 2,713,579. The stock has a market capitalization of $12.30 billion, a P/E ratio of -1,198.93 and a beta of 1.64. The firm has a 50 day moving average price of $104.56 and a two-hundred day moving average price of $124.18. FTAI Aviation Ltd. has a one year low of $75.06 and a one year high of $181.64.

FTAI Aviation (NYSE:FTAI - Get Free Report) last announced its quarterly earnings data 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%. During the same quarter in the prior year, the business earned $0.31 earnings per share. The company's revenue was up 53.7% on a year-over-year basis. Research analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 16th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, May 16th. This represents a $1.20 annualized dividend and a yield of 1.00%. FTAI Aviation's payout ratio is 571.43%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FTAI. Citigroup restated a "buy" rating on shares of FTAI Aviation in a report on Thursday, March 6th. StockNews.com upgraded FTAI Aviation to a "sell" rating in a research note on Wednesday, April 23rd. Royal Bank of Canada reduced their price objective on FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Stifel Nicolaus upgraded FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 target price on the stock in a research note on Friday, May 2nd. Finally, Citizens Jmp upgraded FTAI Aviation to a "strong-buy" rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $171.83.

Insider Activity

In related news, insider Stacy Kuperus acquired 1,087 shares of the company's stock in a transaction dated 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 completion of the purchase, the insider now owns 88,423 shares in the company, valued at $8,214,496.70. This trade represents a 1.24% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Joseph P. Jr. Adams purchased 3,000 shares of the business's stock in a transaction on Friday, May 2nd. The stock was purchased at an average cost of $94.54 per share, for a total transaction of $283,620.00. Following the acquisition, the chief executive officer now owns 341,852 shares in the company, valued at approximately $32,318,688.08. The trade was a 0.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 10,667 shares of company stock valued at $1,008,715. 1.30% of the stock is currently owned by insiders.

FTAI Aviation Company 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.