Signal Advisors Wealth LLC Makes New Investment in FTAI Aviation Ltd. $FTAI

Key Points

• Signal Advisors Wealth LLC acquired 2,020 shares of FTAI Aviation Ltd., valued at approximately $232,000, in the second quarter, indicating growing interest from institutional investors.
• FTAI Aviation reported an EPS of $1.57 for the last quarter, surpassing consensus estimates, with a revenue of $676.24 million, a 52.4% increase year-over-year.
• The company recently announced a quarterly dividend of $0.30, with an annualized yield of 0.7% and a payout ratio of 29.70%.

Signal Advisors Wealth LLC acquired a new position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,020 shares of the financial services provider's stock, valued at approximately $232,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc raised its holdings in FTAI Aviation by 420.9% during the first quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock worth $25,000 after purchasing an additional 181 shares in the last quarter. Virtus Advisers LLC bought a new stake in FTAI Aviation during the first quarter worth approximately $29,000. Parallel Advisors LLC increased its holdings in shares of FTAI Aviation by 78.5% in the second quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider's stock valued at $35,000 after buying an additional 135 shares in the last quarter. Rakuten Securities Inc. bought a new position in shares of FTAI Aviation in the first quarter valued at $34,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of FTAI Aviation in the fourth quarter valued at $61,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. JMP Securities upped their price target on FTAI Aviation from $180.00 to $205.00 and gave the company a "market outperform" rating in a report on Wednesday, August 6th. Citigroup reaffirmed a "buy" rating on shares of FTAI Aviation in a report on Thursday, July 10th. Morgan Stanley upped their price target on FTAI Aviation from $138.00 to $175.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. Zacks Research raised FTAI Aviation from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 20th. Finally, Wall Street Zen cut FTAI Aviation from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $182.83.

FTAI Aviation Trading Up 1.3%

NASDAQ FTAI traded up $2.30 on Tuesday, reaching $184.19. The stock had a trading volume of 470,327 shares, compared to its average volume of 2,129,631. The business has a 50 day moving average price of $144.37 and a 200 day moving average price of $122.69. FTAI Aviation Ltd. has a 1 year low of $75.06 and a 1 year high of $184.36. The company has a market capitalization of $18.89 billion, a price-to-earnings ratio of 45.59 and a beta of 1.65.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share for the quarter, topping analysts' consensus estimates of $1.33 by $0.24. FTAI Aviation had a return on equity of 465.13% and a net margin of 21.31%.The company had revenue of $676.24 million during the quarter, compared to analysts' expectations of $754.75 million. During the same quarter in the previous year, the firm earned ($2.26) earnings per share. The business's quarterly revenue was up 52.4% compared to the same quarter last year. On average, analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.7%. FTAI Aviation's payout ratio is currently 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.