FTAI Aviation Ltd. $FTAI Shares Acquired by Concentric Capital Strategies LP

Concentric Capital Strategies LP lifted its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 427.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 105,177 shares of the financial services provider’s stock after acquiring an additional 85,251 shares during the period. FTAI Aviation makes up approximately 1.0% of Concentric Capital Strategies LP’s investment portfolio, making the stock its 11th largest position. Concentric Capital Strategies LP’s holdings in FTAI Aviation were worth $20,704,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Capital International Investors raised its stake in shares of FTAI Aviation by 0.7% during the 3rd quarter. Capital International Investors now owns 13,895,852 shares of the financial services provider’s stock worth $2,318,615,000 after buying an additional 94,383 shares during the last quarter. Capital World Investors raised its stake in shares of FTAI Aviation by 41.1% during the 4th quarter. Capital World Investors now owns 8,916,830 shares of the financial services provider’s stock worth $1,755,290,000 after buying an additional 2,596,265 shares during the last quarter. Rubric Capital Management LP raised its stake in shares of FTAI Aviation by 10.1% during the 4th quarter. Rubric Capital Management LP now owns 3,700,000 shares of the financial services provider’s stock worth $728,345,000 after buying an additional 339,447 shares during the last quarter. Westfield Capital Management Co. LP increased its position in FTAI Aviation by 10.3% during the 4th quarter. Westfield Capital Management Co. LP now owns 2,350,625 shares of the financial services provider’s stock worth $462,721,000 after purchasing an additional 220,384 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in FTAI Aviation by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 2,004,963 shares of the financial services provider’s stock worth $394,757,000 after purchasing an additional 71,271 shares in the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on FTAI shares. Barclays lifted their price objective on FTAI Aviation from $260.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Morgan Stanley reiterated an “overweight” rating and set a $319.00 price objective on shares of FTAI Aviation in a research report on Friday, May 8th. BTIG Research lifted their price objective on FTAI Aviation from $335.00 to $340.00 and gave the stock a “buy” rating in a research report on Friday, March 13th. Weiss Ratings cut FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 27th. Finally, Zacks Research cut FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, FTAI Aviation presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.88.

Insider Activity

In other FTAI Aviation news, Director Martin Tuchman sold 67,500 shares of FTAI Aviation stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $241.99, for a total value of $16,334,325.00. Following the completion of the sale, the director owned 210,491 shares in the company, valued at $50,936,717.09. The trade was a 24.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Judith A. Hannaway sold 255 shares of FTAI Aviation stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $253.89, for a total value of $64,741.95. Following the completion of the sale, the director owned 3,012 shares of the company’s stock, valued at $764,716.68. This trade represents a 7.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 254,515 shares of company stock valued at $61,599,445 in the last 90 days. 1.35% of the stock is owned by company insiders.

FTAI Aviation Stock Up 3.3%

FTAI opened at $277.31 on Thursday. The company has a debt-to-equity ratio of 8.00, a current ratio of 5.24 and a quick ratio of 2.48. The stock has a market capitalization of $28.45 billion, a price-to-earnings ratio of 55.02, a price-to-earnings-growth ratio of 1.08 and a beta of 1.47. The business has a 50-day moving average of $249.66 and a two-hundred day moving average of $243.44. FTAI Aviation Ltd. has a 12 month low of $108.47 and a 12 month high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.29 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.32). The business had revenue of $830.70 million during the quarter. FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. FTAI Aviation’s revenue for the quarter was up 65.4% compared to the same quarter last year. During the same period last year, the business earned $0.87 EPS. On average, research analysts expect that FTAI Aviation Ltd. will post 6.77 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Wednesday, May 13th were issued a $0.45 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $1.80 annualized dividend and a yield of 0.6%. FTAI Aviation’s payout ratio is 31.75%.

FTAI Aviation Profile

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.