Vident Advisory LLC Makes New $323,000 Investment in FTAI Aviation Ltd. $FTAI

Key Points

• Vident Advisory LLC made a new investment in FTAI Aviation Ltd., purchasing 2,905 shares valued at approximately $323,000 in the first quarter.
• FTAI Aviation recently reported earnings per share of $1.57, surpassing analyst expectations, and experienced a 52.4% increase in revenue year-over-year.
• The company declared a quarterly dividend of $0.30 per share with a yield of 0.7%, reflecting a dividend payout ratio of 29.70%.

Vident Advisory LLC purchased a new position in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 2,905 shares of the financial services provider's stock, valued at approximately $323,000.

A number of other institutional investors also recently made changes to their positions in FTAI. Amalgamated Bank lifted its stake in FTAI Aviation by 3.5% during the first quarter. Amalgamated Bank now owns 3,518 shares of the financial services provider's stock valued at $391,000 after purchasing an additional 120 shares during the last quarter. Scotia Capital Inc. lifted its stake in FTAI Aviation by 0.5% during the first quarter. Scotia Capital Inc. now owns 25,428 shares of the financial services provider's stock valued at $2,823,000 after purchasing an additional 122 shares during the last quarter. AE Wealth Management LLC lifted its stake in FTAI Aviation by 6.3% during the first quarter. AE Wealth Management LLC now owns 2,430 shares of the financial services provider's stock valued at $270,000 after purchasing an additional 145 shares during the last quarter. Virtus Fund Advisers LLC acquired a new stake in FTAI Aviation during the fourth quarter valued at approximately $26,000. Finally, Versant Capital Management Inc lifted its stake 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 valued at $25,000 after purchasing an additional 181 shares during the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Price Performance

FTAI Aviation stock traded up $1.81 during trading hours on Friday, hitting $171.66. The company had a trading volume of 1,015,616 shares, compared to its average volume of 1,131,772. The firm has a market capitalization of $17.61 billion, a P/E ratio of 42.49 and a beta of 1.65. The firm's fifty day moving average is $136.58 and its 200-day moving average is $120.16. FTAI Aviation Ltd. has a fifty-two week low of $75.06 and a fifty-two week high of $181.64.

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

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 12th. FTAI Aviation's payout ratio is currently 29.70%.

Analyst Ratings Changes

FTAI has been the subject of several recent research reports. Morgan Stanley increased their target price on shares of FTAI Aviation from $138.00 to $175.00 and gave the company an "overweight" rating in a research note on Wednesday, August 20th. Royal Bank Of Canada increased their target price on shares of FTAI Aviation from $130.00 to $160.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. JMP Securities increased their target price 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. Wall Street Zen lowered shares of FTAI Aviation from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Finally, Zacks Research upgraded shares of FTAI Aviation from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $182.83.

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.