Channing Capital Management LLC Raises Stake in FTAI Aviation Ltd. $FTAI

Key Points

• Channing Capital Management LLC increased its stake in FTAI Aviation Ltd. by 36.8%, now holding 84,163 shares valued at approximately $9.35 million after acquiring an additional 22,632 shares.
• FTAI Aviation reported $1.57 earnings per share for the latest quarter, surpassing analysts' expectations and achieving a 52.4% year-over-year revenue growth.
• The company declared a $0.30 quarterly dividend, indicating a 0.9% annualized yield, with a payout ratio of 29.70%.

Channing Capital Management LLC lifted its stake in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 36.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,163 shares of the financial services provider's stock after buying an additional 22,632 shares during the period. Channing Capital Management LLC owned approximately 0.08% of FTAI Aviation worth $9,345,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Versant Capital Management Inc increased its holdings in FTAI Aviation by 420.9% in the 1st quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock valued at $25,000 after buying an additional 181 shares during the period. Virtus Fund Advisers LLC bought a new stake in FTAI Aviation during the fourth quarter worth $26,000. Transce3nd LLC acquired a new stake in FTAI Aviation in the fourth quarter valued at about $29,000. Kapitalo Investimentos Ltda bought a new position in shares of FTAI Aviation in the fourth quarter worth about $30,000. Finally, Rakuten Securities Inc. bought a new position in shares of FTAI Aviation in the 1st quarter valued at $34,000. 88.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on FTAI shares. Wall Street Zen upgraded FTAI Aviation from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. 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 report on Friday, May 2nd. Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a report on Thursday, July 10th. Zacks Research raised shares of FTAI Aviation from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 20th. Finally, Citizens Jmp raised shares of FTAI Aviation to a "strong-buy" rating in a research note on Thursday, May 8th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, FTAI Aviation presently has a consensus rating of "Buy" and an average price target of $182.83.

FTAI Aviation Stock Performance

Shares of NASDAQ:FTAI traded up $1.10 during trading on Monday, reaching $148.81. The stock had a trading volume of 1,011,848 shares, compared to its average volume of 2,256,266. FTAI Aviation Ltd. has a 52 week low of $75.06 and a 52 week high of $181.64. The firm's fifty day moving average is $126.11 and its 200 day moving average is $116.50. The stock has a market cap of $15.26 billion, a price-to-earnings ratio of 36.83 and a beta of 1.61.

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

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, August 12th. FTAI Aviation's payout ratio is 29.70%.

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.