Abel Hall LLC Takes $256,000 Position in FTAI Aviation Ltd. $FTAI

Key Points

• Abel Hall LLC has acquired a new stake in FTAI Aviation Ltd. worth approximately $256,000, purchasing 2,223 shares during the second quarter.
• The company's recent earnings report showed earnings per share of $1.57, surpassing analyst expectations of $1.33, with a revenue of $676.24 million.
• FTAI Aviation announced a quarterly dividend of $0.30, with an annualized yield of 0.7% and a payout ratio of 29.70%.

Abel Hall LLC bought a new stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,223 shares of the financial services provider's stock, valued at approximately $256,000.

Other institutional investors have also recently modified their holdings of the company. WCM Investment Management LLC grew its position 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 valued at $27,200,000 after acquiring an additional 24,296 shares during the period. Royce & Associates LP lifted its stake in FTAI Aviation by 97.9% in the 1st quarter. Royce & Associates LP now owns 411,248 shares of the financial services provider's stock valued at $45,661,000 after buying an additional 203,447 shares in the last quarter. GAMMA Investing LLC lifted its stake in FTAI Aviation by 24,780.1% in the 1st quarter. GAMMA Investing LLC now owns 47,521 shares of the financial services provider's stock valued at $5,276,000 after buying an additional 47,330 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in FTAI Aviation by 5.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,879 shares of the financial services provider's stock valued at $986,000 after buying an additional 443 shares in the last quarter. Finally, Florida Financial Advisors LLC purchased a new position in FTAI Aviation in the 1st quarter valued at about $333,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Price Performance

FTAI opened at $170.41 on Thursday. The company's 50 day simple moving average is $157.52 and its two-hundred day simple moving average is $127.95. FTAI Aviation Ltd. has a 1-year low of $75.06 and a 1-year high of $184.44. The firm has a market capitalization of $17.48 billion, a price-to-earnings ratio of 42.18 and a beta of 1.70.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released its 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. The business 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 business's revenue was up 52.4% on a year-over-year basis. During the same period last year, the company posted ($2.26) EPS. On average, equities analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal 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. The ex-dividend date was Tuesday, August 12th. This represents a $1.20 dividend on an annualized basis and a yield of 0.7%. FTAI Aviation's payout ratio is currently 29.70%.

Analysts Set New Price Targets

FTAI has been the topic of a number of research reports. JMP Securities raised their price target 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. Citigroup reaffirmed a "buy" rating on shares of FTAI Aviation in a research note on Thursday, July 10th. Wall Street Zen raised shares of FTAI Aviation from a "hold" rating to a "buy" rating in a research note on Friday, September 26th. Zacks Research raised shares of FTAI Aviation from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 20th. Finally, BTIG Research raised their price target on shares of FTAI Aviation from $190.00 to $230.00 and gave the company a "buy" rating in a research note on Monday, August 25th. One equities research 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's stock. According to data from MarketBeat, FTAI Aviation presently has a consensus rating of "Buy" and an average price target of $191.73.

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.

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