FTAI Aviation Ltd. $FTAI Stock Position Decreased by Driehaus Capital Management LLC

Key Points

• Driehaus Capital Management LLC reduced its stake in FTAI Aviation Ltd. by 12.6%, owning approximately 0.93% of the company worth $105.8 million after selling 137,038 shares in the first quarter.
• Analysts have varied outlooks on FTAI Aviation, with Barclays lowering their price target from $180 to $150, while Royal Bank of Canada raised theirs from $130 to $160, signifying a mix of cautious and optimistic views in the market.
• FTAI Aviation reported an EPS of $1.57 for the latest quarter, exceeding expectations and showing a year-over-year revenue increase of 52.4%, despite slightly missing revenue estimates.

Driehaus Capital Management LLC decreased its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 12.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 952,968 shares of the financial services provider's stock after selling 137,038 shares during the quarter. FTAI Aviation comprises 1.0% of Driehaus Capital Management LLC's holdings, making the stock its 13th largest holding. Driehaus Capital Management LLC owned approximately 0.93% of FTAI Aviation worth $105,808,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of FTAI. Amalgamated Bank grew its stake in shares of FTAI Aviation by 3.5% during the first quarter. Amalgamated Bank now owns 3,518 shares of the financial services provider's stock valued at $391,000 after acquiring an additional 120 shares in the last quarter. Scotia Capital Inc. boosted its stake in shares of FTAI Aviation by 0.5% during the 1st quarter. Scotia Capital Inc. now owns 25,428 shares of the financial services provider's stock valued at $2,823,000 after buying an additional 122 shares during the period. AE Wealth Management LLC lifted its stake in shares of FTAI Aviation by 6.3% in the 1st quarter. AE Wealth Management LLC now owns 2,430 shares of the financial services provider's stock valued at $270,000 after purchasing an additional 145 shares during the last quarter. Virtus Fund Advisers LLC acquired a new stake in shares of FTAI Aviation in the fourth quarter valued at about $26,000. Finally, Versant Capital Management Inc raised its position 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 worth $25,000 after purchasing an additional 181 shares in the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FTAI has been the subject of a number of analyst reports. Morgan Stanley lifted their price objective on shares of FTAI Aviation from $138.00 to $175.00 and gave the company an "overweight" rating in a research report on Wednesday, August 20th. 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 report on Wednesday, August 6th. Zacks Research upgraded FTAI Aviation from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 20th. Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a research report on Thursday, July 10th. Finally, Wall Street Zen lowered FTAI Aviation from a "buy" rating to a "hold" rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $182.83.

FTAI Aviation Stock Down 2.4%

FTAI traded down $3.76 during trading on Tuesday, hitting $150.09. 931,461 shares of the stock were exchanged, compared to its average volume of 2,220,180. The firm has a market capitalization of $15.39 billion, a P/E ratio of 37.15 and a beta of 1.65. The stock has a fifty day moving average price of $129.00 and a two-hundred day moving average price of $118.08. 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 posted its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share for the quarter, beating analysts' consensus estimates of $1.33 by $0.24. The firm had revenue of $676.24 million for the quarter, compared to the consensus estimate of $754.75 million. FTAI Aviation had a return on equity of 465.13% and a net margin of 21.31%.The company's revenue for the quarter was up 52.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($2.26) earnings per share. Analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Announces Dividend

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