Advisors Capital Management LLC Raises Stock Holdings in FTAI Aviation Ltd. $FTAI

Key Points

• Advisors Capital Management LLC has significantly increased its stake in FTAI Aviation Ltd. by 99.8% during the first quarter, owning a total of 158,531 shares valued at approximately $17.6 million.
• Analysts have upgraded their outlook on FTAI Aviation, with price targets raised by firms such as BTIG Research and Royal Bank of Canada, projecting a consensus target price of $182.83.
• FTAI Aviation reported earnings of $1.57 EPS for the latest quarter, surpassing estimates, while also announcing a quarterly dividend of $0.30 per share.

Advisors Capital Management LLC boosted its stake in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 99.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 158,531 shares of the financial services provider's stock after purchasing an additional 79,190 shares during the quarter. Advisors Capital Management LLC owned about 0.15% of FTAI Aviation worth $17,602,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Amalgamated Bank raised 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 worth $391,000 after acquiring an additional 120 shares in the last quarter. Scotia Capital Inc. increased its holdings in shares of FTAI Aviation by 0.5% during the first quarter. Scotia Capital Inc. now owns 25,428 shares of the financial services provider's stock worth $2,823,000 after buying an additional 122 shares in the last quarter. AE Wealth Management LLC increased its holdings in shares of 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 worth $270,000 after buying an additional 145 shares in the last quarter. Virtus Fund Advisers LLC acquired a new position in shares of FTAI Aviation during the fourth quarter worth $26,000. Finally, Versant Capital Management Inc increased its holdings in shares of 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 buying an additional 181 shares in the last quarter. Institutional investors and hedge funds own 88.96% of the company's stock.

FTAI Aviation Price Performance

Shares of NASDAQ FTAI traded down $2.40 during midday trading on Wednesday, reaching $171.35. The company's stock had a trading volume of 199,446 shares, compared to its average volume of 2,152,177. FTAI Aviation Ltd. has a 12-month low of $75.06 and a 12-month high of $181.64. The firm has a 50 day moving average price of $139.08 and a 200-day moving average price of $120.77. The stock has a market capitalization of $17.58 billion, a P/E ratio of 42.41 and a beta of 1.65.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last announced 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. FTAI Aviation had a return on equity of 465.13% and a net margin of 21.31%.The firm had revenue of $676.24 million for the quarter, compared to the consensus estimate of $754.75 million. During the same quarter in the previous year, the business earned ($2.26) EPS. The company's revenue was up 52.4% compared to the same quarter last year. On average, equities analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Stockholders of record on Tuesday, August 12th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 12th. FTAI Aviation's dividend payout ratio is presently 29.70%.

Wall Street Analyst Weigh In

FTAI has been the subject of several recent research reports. Wall Street Zen downgraded FTAI Aviation from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a report on Thursday, July 10th. Morgan Stanley increased their price target on FTAI Aviation from $138.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. BTIG Research increased their price target on FTAI Aviation from $190.00 to $230.00 and gave the stock a "buy" rating in a report on Monday, August 25th. Finally, Royal Bank Of Canada raised their price objective on shares of FTAI Aviation from $130.00 to $160.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $182.83.

About FTAI Aviation

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.