FTAI Aviation Ltd. $FTAI Holdings Boosted by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management increased its FTAI Aviation stake by 27.2% in the second quarter, while institutional investors collectively own 88.96% of the company.
• FTAI reported quarterly revenue of $953.09 million, up 40.9% year over year, but earnings of $1.13 per share missed estimates by $0.19. The stock opened at $167.03, well below its 52-week high of $323.51.
• Analysts maintain a generally positive outlook, with nine Buy ratings and two Holds, a consensus “Moderate Buy” rating, and an average price target of $315.67. The company also declared a quarterly dividend of $0.50 per share, implying a 1.2% yield.

Envestnet Asset Management Inc. raised its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 27.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,338 shares of the financial services provider's stock after purchasing an additional 12,490 shares during the quarter. Envestnet Asset Management Inc. owned 0.06% of FTAI Aviation worth $15,782,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. SJS Investment Consulting Inc. raised its position in FTAI Aviation by 122.9% during the first quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider's stock valued at $26,000 after buying an additional 59 shares during the period. Meeder Asset Management Inc. lifted its stake in FTAI Aviation by 142.2% in the 1st quarter. Meeder Asset Management Inc. now owns 109 shares of the financial services provider's stock worth $27,000 after acquiring an additional 64 shares in the last quarter. Ancora Advisors LLC acquired a new stake in FTAI Aviation during the 2nd quarter worth about $32,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in FTAI Aviation during the 2nd quarter worth about $37,000. Finally, Root Financial Partners LLC boosted its position in FTAI Aviation by 40.9% during the 1st quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider's stock worth $38,000 after acquiring an additional 45 shares during the period. Hedge funds and other institutional investors own 88.96% of the company's stock.

FTAI Aviation Trading Down 1.1%

NASDAQ:FTAI opened at $167.03 on Thursday. The stock's 50 day moving average price is $199.51 and its 200 day moving average price is $229.07. FTAI Aviation Ltd. has a 52 week low of $149.50 and a 52 week high of $323.51. The company has a market capitalization of $17.16 billion, a P/E ratio of 36.31, a P/E/G ratio of 0.84 and a beta of 1.51. The company has a debt-to-equity ratio of 8.55, a quick ratio of 2.07 and a current ratio of 5.28.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.19). The business had revenue of $953.09 million for the quarter. FTAI Aviation had a net margin of 15.94% and a return on equity of 139.59%. The business's quarterly revenue was up 40.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.57 earnings per share. On average, research analysts forecast that FTAI Aviation Ltd. will post 5.48 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Wednesday, August 12th were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, August 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.2%. FTAI Aviation's dividend payout ratio (DPR) is currently 43.48%.

Wall Street Analysts Forecast Growth

FTAI has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft set a $290.00 target price on FTAI Aviation in a report on Friday, July 31st. Weiss Ratings lowered shares of FTAI Aviation from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, August 3rd. BTIG Research lowered their price target on shares of FTAI Aviation from $400.00 to $350.00 and set a "buy" rating on the stock in a report on Tuesday, August 4th. Royal Bank Of Canada dropped their price target on shares of FTAI Aviation from $350.00 to $300.00 and set an "outperform" rating on the stock in a research note on Monday, July 27th. Finally, Barclays cut their price objective on FTAI Aviation from $350.00 to $310.00 and set an "overweight" rating for the company in a report on Tuesday, September 15th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, FTAI Aviation currently has a consensus rating of "Moderate Buy" and an average target price of $315.67.

Insider Buying and Selling at FTAI Aviation

In other FTAI Aviation news, President David Moreno acquired 2,475 shares of FTAI Aviation stock in a transaction that occurred on Friday, July 31st. The stock was acquired at an average price of $201.27 per share, with a total value of $498,143.25. Following the purchase, the president owned 199,490 shares in the company, valued at approximately $40,151,352.30. This trade represents a 1.26% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.35% of the company's stock.

About FTAI Aviation

FTAI Aviation Ltd. is an aviation company focused on owning, leasing, and managing commercial aircraft and aircraft engines. The company provides aviation assets to airlines, aircraft leasing companies, maintenance, repair and overhaul providers, and other participants in the global aviation industry.

FTAI Aviation's business includes aircraft and engine leasing, asset management, and the acquisition and sale of aviation equipment. Through its aviation products activities, the company also develops and sells proprietary aerospace products designed to improve engine performance, reliability, and maintenance economics, including solutions associated with the CFM56 engine platform.

The company serves customers across international aviation markets and manages assets used by airlines and operators in multiple regions.

Want to see what other hedge funds are holding FTAI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.