Empowered Funds LLC Grows Stake in FTAI Aviation Ltd. $FTAI

Key Points

• Empowered Funds LLC increased its stake in FTAI Aviation Ltd. by 28.4% during the first quarter, owning approximately 0.05% of the company worth around $5.8 million.
• FTAI Aviation reported $1.57 earnings per share (EPS) for the last quarter, exceeding estimates of $1.33, with revenues rising 52.4% year-over-year.
• The company announced a quarterly dividend of $0.30 per share, representing an annualized yield of 0.7% and a payout ratio of 29.70%.

Empowered Funds LLC raised its stake in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 28.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,347 shares of the financial services provider's stock after acquiring an additional 11,577 shares during the quarter. Empowered Funds LLC owned approximately 0.05% of FTAI Aviation worth $5,812,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its stake in FTAI Aviation by 420.9% in the first quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 181 shares during the last quarter. Virtus Fund Advisers LLC purchased a new position in FTAI Aviation in the fourth quarter valued at about $26,000. Virtus Advisers LLC purchased a new position in FTAI Aviation in the first quarter valued at about $29,000. Rakuten Securities Inc. purchased a new position in FTAI Aviation in the first quarter valued at about $34,000. Finally, Rossby Financial LCC purchased a new position in FTAI Aviation in the first quarter valued at about $45,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Aviation Price Performance

NASDAQ FTAI opened at $169.85 on Friday. FTAI Aviation Ltd. has a 1 year low of $75.06 and a 1 year high of $181.64. The stock has a market capitalization of $17.42 billion, a PE ratio of 42.04 and a beta of 1.65. The company's 50 day simple moving average is $135.45 and its two-hundred day simple moving average is $120.03.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last posted its earnings results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the prior year, the company posted ($2.26) EPS. The business's revenue for the quarter was up 52.4% compared to the same quarter last year. On average, research analysts anticipate that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Announces Dividend

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

Analyst Ratings Changes

A number of analysts recently commented on FTAI shares. JMP Securities upped 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. Morgan Stanley upped their price target on shares of FTAI Aviation from $138.00 to $175.00 and gave the company an "overweight" rating in a research note on Wednesday, August 20th. Citigroup restated a "buy" rating on shares of FTAI Aviation in a research note on Thursday, July 10th. Wall Street Zen cut shares of FTAI Aviation from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Finally, Royal Bank Of Canada upped their price target on shares of FTAI Aviation from $130.00 to $160.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. One 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. According to MarketBeat.com, the company 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.

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