FTAI Aviation Ltd. $FTAI Shares Acquired by Empowered Funds LLC

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 holdings in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 28.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,347 shares of the financial services provider's stock after purchasing an additional 11,577 shares during the period. Empowered Funds LLC owned 0.05% of FTAI Aviation worth $5,812,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of FTAI. Versant Capital Management Inc lifted its stake 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 valued at $25,000 after buying an additional 181 shares during the period. Virtus Fund Advisers LLC purchased a new position in shares of FTAI Aviation during the fourth quarter valued at approximately $26,000. Virtus Advisers LLC purchased a new position in shares of FTAI Aviation during the first quarter valued at approximately $29,000. Rakuten Securities Inc. purchased a new position in shares of FTAI Aviation during the first quarter valued at approximately $34,000. Finally, Rossby Financial LCC purchased a new position in shares of FTAI Aviation during the first quarter valued at approximately $45,000. Hedge funds and other institutional investors own 88.96% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on FTAI. Citigroup reissued a "buy" rating on shares of FTAI Aviation in a research note on Thursday, July 10th. Morgan Stanley upped their price target on shares of FTAI Aviation from $138.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. BTIG Research increased their price target on shares of FTAI Aviation from $190.00 to $230.00 and gave the stock a "buy" rating in a research note on Monday, August 25th. Wall Street Zen downgraded shares of FTAI Aviation from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Finally, Zacks Research raised shares of FTAI Aviation from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $182.83.

FTAI Aviation Trading Down 1.2%

FTAI stock traded down $2.16 during mid-day trading on Wednesday, hitting $171.59. 150,528 shares of the company were exchanged, compared to its average volume of 2,151,821. The company has a market capitalization of $17.60 billion, a PE ratio of 42.47 and a beta of 1.65. FTAI Aviation Ltd. has a twelve month low of $75.06 and a twelve month high of $181.64. The firm has a fifty day simple moving average of $139.08 and a 200 day simple moving average of $120.77.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.24. The company had revenue of $676.24 million during 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 firm's revenue for the quarter was up 52.4% compared to the same quarter last year. During the same period last year, the business earned ($2.26) EPS. As a group, sell-side analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 12th. FTAI Aviation's dividend payout ratio (DPR) is currently 29.70%.

FTAI Aviation 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.