FTAI Aviation Ltd. $FTAI Shares Acquired by Ieq Capital LLC

Ieq Capital LLC lifted its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 313.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,022 shares of the financial services provider’s stock after purchasing an additional 9,112 shares during the quarter. Ieq Capital LLC’s holdings in FTAI Aviation were worth $1,335,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Harbor Capital Advisors Inc. grew its stake in shares of FTAI Aviation by 27.3% during the 1st 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 period. WCM Investment Management LLC grew its stake in shares of FTAI Aviation by 11.2% during the 1st quarter. WCM Investment Management LLC now owns 242,083 shares of the financial services provider’s stock worth $27,200,000 after purchasing an additional 24,296 shares during the period. Royce & Associates LP grew its stake in shares of FTAI Aviation by 97.9% during the 1st quarter. Royce & Associates LP now owns 411,248 shares of the financial services provider’s stock worth $45,661,000 after purchasing an additional 203,447 shares during the period. GAMMA Investing LLC grew its stake in shares of FTAI Aviation by 24,780.1% during the 1st quarter. GAMMA Investing LLC now owns 47,521 shares of the financial services provider’s stock worth $5,276,000 after purchasing an additional 47,330 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of FTAI Aviation by 5.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,879 shares of the financial services provider’s stock worth $986,000 after purchasing an additional 443 shares during the period. 88.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on FTAI shares. Morgan Stanley upped their price target on shares of FTAI Aviation from $138.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. Citizens Jmp raised shares of FTAI Aviation to a “strong-buy” rating in a research note on Thursday, May 8th. Zacks Research raised shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 20th. JMP Securities increased their price objective on shares of FTAI Aviation from $180.00 to $205.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 6th. Finally, Citigroup reissued a “buy” rating on shares of FTAI Aviation in a research note on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $182.83.

FTAI Aviation Price Performance

FTAI Aviation stock opened at $153.85 on Tuesday. FTAI Aviation Ltd. has a 12-month low of $75.06 and a 12-month high of $181.64. The stock has a market capitalization of $15.78 billion, a P/E ratio of 38.08 and a beta of 1.65. The firm’s 50-day moving average is $129.00 and its two-hundred day moving average is $118.08.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.24. FTAI Aviation had a net margin of 21.31% and a return on equity of 465.13%. The company had revenue of $676.24 million for the quarter, compared to analysts’ expectations of $754.75 million. During the same period last year, the company earned ($2.26) EPS. The firm’s revenue for the quarter was up 52.4% compared to the same quarter last year. As a group, analysts forecast that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, August 12th. FTAI Aviation’s dividend payout ratio (DPR) is currently 29.70%.

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.