Encompass More Asset Management Makes New Investment in FTAI Aviation Ltd. (NASDAQ:FTAI)

Key Points

• Encompass More Asset Management has invested approximately $687,000 in FTAI Aviation Ltd., acquiring 6,192 shares of the company, highlighting strong institutional interest in the stock.
• FTAI Aviation reported a Q2 EPS of $1.57, surpassing analysts' estimates of $1.33, while also achieving a revenue of $676.24 million, which was below expectations of $754.75 million.
• The company declared a quarterly dividend of $0.30 per share, expected to be paid on August 19th, with a dividend yield of 0.8% and a payout ratio of 29.70%.

Encompass More Asset Management bought a new position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 6,192 shares of the financial services provider's stock, valued at approximately $687,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc increased its holdings in shares of 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 purchasing an additional 181 shares during the period. Virtus Fund Advisers LLC acquired a new position in shares of FTAI Aviation in the fourth quarter valued at approximately $26,000. Transce3nd LLC acquired a new position in shares of FTAI Aviation in the fourth quarter valued at approximately $29,000. Kapitalo Investimentos Ltda acquired a new position in shares of FTAI Aviation in the fourth quarter valued at approximately $30,000. Finally, Rakuten Securities Inc. acquired a new position in shares of FTAI Aviation in the first quarter valued at approximately $34,000. Institutional investors and hedge funds own 88.96% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FTAI. Barclays dropped their target price on FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Citizens Jmp raised FTAI Aviation to a "strong-buy" rating in a report on Thursday, May 8th. 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 research note on Friday, May 2nd. Wall Street Zen upgraded FTAI Aviation from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a research report on Thursday, July 10th. Thirteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $176.42.

FTAI Aviation Stock Performance

FTAI Aviation stock traded down $2.01 during trading on Friday, hitting $136.06. The company's stock had a trading volume of 566,320 shares, compared to its average volume of 1,556,673. The stock has a market capitalization of $13.96 billion, a price-to-earnings ratio of 33.68 and a beta of 1.61. The stock's fifty day moving average is $122.09 and its 200 day moving average is $113.49. FTAI Aviation Ltd. has a 1-year low of $75.06 and a 1-year high of $181.64.

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

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, August 12th. This represents a $1.20 annualized dividend and a yield of 0.9%. FTAI Aviation's dividend payout ratio is currently 29.70%.

FTAI Aviation Company 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.