16,000 Shares in FTAI Aviation Ltd. (NASDAQ:FTAI) Bought by Kazazian Asset Management LLC

Key Points

• Kazazian Asset Management LLC has acquired 16,000 shares of FTAI Aviation Ltd., valued at approximately $1.78 million, making it the firm's 16th largest holding.
• FTAI Aviation's quarterly earnings report showed earnings per share of $1.57, exceeding estimates, while quarterly revenue increased by 52.4% year-over-year.
• The company has declared a quarterly dividend of $0.30 per share, with a payout ratio of 29.70%, reflecting a commitment to returning value to shareholders.

Kazazian Asset Management LLC acquired a new position in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,000 shares of the financial services provider's stock, valued at approximately $1,776,000. FTAI Aviation makes up about 1.4% of Kazazian Asset Management LLC's investment portfolio, making the stock its 16th largest holding.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Virtus Fund Advisers LLC purchased a new position in shares of FTAI Aviation during the 4th quarter worth $26,000. Transce3nd LLC acquired a new position in FTAI Aviation during the fourth quarter worth approximately $29,000. Kapitalo Investimentos Ltda acquired a new position in shares of FTAI Aviation in the fourth quarter valued at approximately $30,000. Versant Capital Management Inc boosted its stake in shares of FTAI Aviation by 420.9% in the first quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock valued at $25,000 after buying an additional 181 shares in the last quarter. Finally, Rakuten Securities Inc. purchased a new stake in shares of FTAI Aviation in the first quarter valued at approximately $34,000. Hedge funds and other institutional investors own 88.96% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a research report on Thursday, July 10th. Morgan Stanley dropped their price target on FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Barclays lowered their target price on FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. JMP Securities lowered their price objective on FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating for the company in a research note on Thursday, May 8th. Finally, Royal Bank Of Canada raised their price objective on FTAI Aviation from $130.00 to $160.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Thirteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $174.33.

FTAI Aviation Stock Down 1.8%

FTAI Aviation stock traded down $2.49 during mid-day trading on Tuesday, hitting $138.98. 1,236,554 shares of the company's stock traded hands, compared to its average volume of 2,372,770. The firm has a 50 day moving average price of $120.54 and a 200 day moving average price of $112.60. The company has a market cap of $14.25 billion, a PE ratio of 34.40 and a beta of 1.61. FTAI Aviation Ltd. has a one year low of $75.06 and a one year high of $181.64.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.24. FTAI Aviation had a return on equity of 601.23% and a net margin of 21.31%. 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 firm earned ($2.26) EPS. The firm's revenue for the quarter was up 52.4% on a year-over-year basis. On average, analysts expect that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 19th. Stockholders of record on Tuesday, August 12th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, August 12th. This represents a $1.20 annualized dividend and a dividend yield of 0.9%. FTAI Aviation's dividend payout ratio (DPR) is 29.70%.

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.