BW Gestao de Investimentos Ltda. Boosts Holdings in FTAI Aviation Ltd. $FTAI

Key Points

• BW Gestao raised its stake in FTAI by 90.8% in Q3 to 121,347 shares, holding about $20,248,000 of the stock and making it the firm's 23rd largest position.
• Several large institutions—including Ensign Peak, Norges Bank and DZ Bank—substantially increased positions, with institutions and hedge funds now owning 88.96% of FTAI.
• FTAI missed quarterly estimates (EPS $1.08 vs. $1.22) despite revenue rising 32.7% year-over-year, declared a $0.40 dividend (ex-dividend Mar 13, payable Mar 23), and carries a consensus "Moderate Buy" rating with a $292.22 target.

BW Gestao de Investimentos Ltda. lifted its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 90.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 121,347 shares of the financial services provider's stock after acquiring an additional 57,737 shares during the period. FTAI Aviation accounts for about 0.9% of BW Gestao de Investimentos Ltda.'s investment portfolio, making the stock its 23rd largest position. BW Gestao de Investimentos Ltda. owned 0.12% of FTAI Aviation worth $20,248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Ensign Peak Advisors Inc increased its position in FTAI Aviation by 67.4% during the second quarter. Ensign Peak Advisors Inc now owns 3,075,788 shares of the financial services provider's stock worth $353,839,000 after purchasing an additional 1,238,294 shares during the last quarter. Norges Bank acquired a new position in shares of FTAI Aviation in the 2nd quarter valued at $142,012,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of FTAI Aviation by 1,678.6% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,140,542 shares of the financial services provider's stock valued at $131,208,000 after purchasing an additional 1,076,416 shares during the last quarter. Northern Right Capital Management L.P. grew its stake in shares of FTAI Aviation by 884.1% during the 2nd quarter. Northern Right Capital Management L.P. now owns 885,675 shares of the financial services provider's stock valued at $101,888,000 after buying an additional 795,675 shares during the period. Finally, Rubric Capital Management LP increased its holdings in shares of FTAI Aviation by 28.3% during the 2nd quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider's stock worth $390,455,000 after buying an additional 749,080 shares during the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Trading Up 6.1%

NASDAQ:FTAI opened at $276.34 on Tuesday. The business's 50-day moving average is $268.71 and its two-hundred day moving average is $203.42. The firm has a market capitalization of $28.34 billion, a PE ratio of 59.81, a price-to-earnings-growth ratio of 1.05 and a beta of 1.50. FTAI Aviation Ltd. has a 12 month low of $81.45 and a 12 month high of $323.51. The company has a debt-to-equity ratio of 10.32, a current ratio of 5.28 and a quick ratio of 2.30.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last issued its earnings results on Wednesday, February 25th. The financial services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.14). FTAI Aviation had a return on equity of 257.07% and a net margin of 19.98%.The company had revenue of $662.03 million during the quarter, compared to analysts' expectations of $710.37 million. During the same period in the previous year, the company earned $0.84 EPS. FTAI Aviation's quarterly revenue was up 32.7% on a year-over-year basis. Research analysts predict 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 dividend, which will be paid on Monday, March 23rd. Shareholders of record on Friday, March 13th will be issued a $0.40 dividend. The ex-dividend date is Friday, March 13th. FTAI Aviation's dividend payout ratio is currently 30.30%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Weiss Ratings reiterated a "hold (c+)" rating on shares of FTAI Aviation in a report on Monday, December 29th. Morgan Stanley upped their price target on FTAI Aviation from $220.00 to $266.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 6th. Zacks Research upgraded FTAI Aviation from a "strong sell" rating to a "hold" rating in a report on Friday, January 9th. Citigroup reiterated an "outperform" rating on shares of FTAI Aviation in a report on Thursday, January 29th. Finally, BTIG Research increased their target price on shares of FTAI Aviation from $230.00 to $335.00 and gave the stock a "buy" rating in a research report on Friday, January 23rd. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, FTAI Aviation presently has an average rating of "Moderate Buy" and a consensus target price of $292.22.

About FTAI Aviation

FTAI Aviation NASDAQ: FTAI is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company's portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.

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