Nuveen LLC Takes $41.79 Million Position in FTAI Aviation Ltd. $FTAI

Key Points

• Nuveen LLC acquired a new position in FTAI Aviation Ltd., purchasing 376,377 shares valued at approximately $41.8 million, representing a 0.37% stake in the company.
• FTAI Aviation recently reported earnings of $1.57 per share, exceeding expectations, but it did not meet revenue estimates, generating $676.24 million against an anticipated $754.75 million.
• The company announced a quarterly dividend of $0.30 per share, equating to an annual yield of 0.8%, with a payout ratio of 29.70%.

Nuveen LLC acquired a new stake in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 376,377 shares of the financial services provider's stock, valued at approximately $41,789,000. Nuveen LLC owned 0.37% of FTAI Aviation as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc raised its stake in shares of FTAI Aviation by 420.9% during the 1st 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 Fund Advisers LLC bought a new stake in FTAI Aviation in the 4th quarter valued at $26,000. Transce3nd LLC bought a new stake in FTAI Aviation in the 4th quarter valued at $29,000. Kapitalo Investimentos Ltda bought a new stake in FTAI Aviation in the 4th quarter valued at $30,000. Finally, Rakuten Securities Inc. bought a new stake in FTAI Aviation in the 1st quarter valued at $34,000. Institutional investors own 88.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus upgraded FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price target on the stock in a research note on Friday, May 2nd. Morgan Stanley increased their price target on FTAI Aviation from $138.00 to $175.00 and gave the company an "overweight" rating in a research note on Wednesday. Barclays dropped their price target on FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. JMP Securities increased their price objective on FTAI Aviation from $180.00 to $205.00 and gave the stock a "market outperform" rating in a research report on Wednesday, August 6th. Finally, Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a research report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $179.50.

FTAI Aviation Stock Up 5.9%

Shares of FTAI traded up $8.35 during trading hours on Thursday, hitting $148.75. 362,213 shares of the company were exchanged, compared to its average volume of 2,262,586. The company has a market cap of $15.26 billion, a price-to-earnings ratio of 36.82 and a beta of 1.61. FTAI Aviation Ltd. has a fifty-two week low of $75.06 and a fifty-two week high of $181.64. The firm's fifty day moving average is $125.19 and its 200 day moving average is $116.00.

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 business had revenue of $676.24 million for the quarter, compared to analyst estimates of $754.75 million. FTAI Aviation had a return on equity of 465.13% and a net margin of 21.31%.FTAI Aviation's revenue was up 52.4% compared to the same quarter last year. During the same period last year, the firm posted ($2.26) earnings per share. Analysts anticipate 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. Stockholders of record on Tuesday, August 12th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis 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 presently 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.