FTAI Aviation Ltd. (NYSE:FTAI) is Frontier Capital Management Co. LLC's Largest Position

Frontier Capital Management Co. LLC decreased its position in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 16.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,878,644 shares of the financial services provider's stock after selling 375,311 shares during the period. FTAI Aviation makes up about 2.6% of Frontier Capital Management Co. LLC's investment portfolio, making the stock its largest position. Frontier Capital Management Co. LLC owned 1.83% of FTAI Aviation worth $270,600,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in FTAI. Sara Bay Financial purchased a new stake in shares of FTAI Aviation during the fourth quarter valued at about $547,000. Ibex Wealth Advisors purchased a new stake in shares of FTAI Aviation during the fourth quarter valued at about $3,518,000. Rhumbline Advisers lifted its position in shares of FTAI Aviation by 2.2% during the fourth quarter. Rhumbline Advisers now owns 142,072 shares of the financial services provider's stock valued at $20,464,000 after buying an additional 3,121 shares during the last quarter. SeaCrest Wealth Management LLC lifted its position in shares of FTAI Aviation by 77.1% during the fourth quarter. SeaCrest Wealth Management LLC now owns 6,555 shares of the financial services provider's stock valued at $944,000 after buying an additional 2,853 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of FTAI Aviation by 102.8% during the third quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider's stock valued at $54,685,000 after buying an additional 208,613 shares during the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Trading Up 4.2%

FTAI stock traded up $4.77 during midday trading on Tuesday, reaching $117.73. The stock had a trading volume of 1,227,130 shares, compared to its average volume of 1,771,887. The company's fifty day simple moving average is $103.06 and its 200 day simple moving average is $124.97. The company has a market cap of $12.07 billion, a price-to-earnings ratio of -1,177.18 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 quarterly earnings data 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 return on equity of 206.25% and a net margin of 1.59%. During the same quarter last year, the firm earned $0.31 EPS. The firm's revenue for the quarter was up 53.7% on a year-over-year basis. Sell-side analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 16th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Friday, May 16th. FTAI Aviation's payout ratio is currently 571.43%.

Insider Buying and Selling

In related news, insider Stacy Kuperus acquired 1,087 shares of FTAI Aviation stock in a transaction that occurred on Friday, May 2nd. The shares were purchased at an average cost of $92.90 per share, for a total transaction of $100,982.30. Following the acquisition, the insider now owns 88,423 shares in the company, valued at approximately $8,214,496.70. This represents a 1.24% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO David Moreno bought 6,580 shares of the company's stock in a transaction on Friday, May 2nd. The stock was purchased at an average cost of $94.85 per share, with a total value of $624,113.00. Following the completion of the transaction, the chief operating officer now owns 231,623 shares in the company, valued at $21,969,441.55. This represents a 2.92% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 10,667 shares of company stock worth $1,008,715. Insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

FTAI has been the topic of several recent analyst reports. Barclays cut their price objective on shares of FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Stifel Nicolaus upgraded shares of FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price objective on the stock in a report on Friday, May 2nd. Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a report on Thursday, March 6th. Royal Bank of Canada dropped 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, Morgan Stanley dropped their price objective 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. One investment analyst has rated the stock with a sell rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, FTAI Aviation currently has an average rating of "Moderate Buy" and an average target price of $171.83.

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.