FTAI Aviation Ltd. $FTAI Shares Acquired by Baird Financial Group Inc.

Key Points

• Baird Financial Group increased its FTAI Aviation stake by 619.2% in the second quarter, acquiring 77,203 additional shares for a total of 89,672 shares valued at approximately $24.3 million. Institutional investors and hedge funds collectively own 88.96% of the company.
• FTAI shares opened at $180.09, down 2.8%, and remain well below their 52-week high of $323.51. The company’s latest quarterly earnings missed estimates, with EPS of $1.13 versus the $1.32 consensus, despite revenue increasing 40.9% year over year to $953.1 million.
• The company paid a quarterly dividend of $0.50 per share, equivalent to an annualized $2.00 payout and a 1.1% yield. Analysts maintain a Moderate Buy consensus rating with an average price target of $320.11.

Baird Financial Group Inc. lifted its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 619.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 89,672 shares of the financial services provider's stock after purchasing an additional 77,203 shares during the period. Baird Financial Group Inc. owned about 0.09% of FTAI Aviation worth $24,259,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. SJS Investment Consulting Inc. lifted its holdings in FTAI Aviation by 122.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider's stock worth $26,000 after buying an additional 59 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in FTAI Aviation by 142.2% in the first quarter. Meeder Asset Management Inc. now owns 109 shares of the financial services provider's stock worth $27,000 after purchasing an additional 64 shares during the period. Garton & Associates Financial Advisors LLC acquired a new position in FTAI Aviation in the fourth quarter worth $30,000. Ancora Advisors LLC bought a new stake in FTAI Aviation during the second quarter valued at $32,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in FTAI Aviation during the second quarter valued at $37,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Trading Down 2.8%

FTAI Aviation stock opened at $180.09 on Friday. The company has a quick ratio of 2.07, a current ratio of 5.28 and a debt-to-equity ratio of 8.55. The firm has a 50-day moving average price of $210.04 and a two-hundred day moving average price of $239.01. The firm has a market capitalization of $18.50 billion, a price-to-earnings ratio of 39.15, a PEG ratio of 0.92 and a beta of 1.51. FTAI Aviation Ltd. has a 52-week low of $149.50 and a 52-week high of $323.51.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.13 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.19). The firm had revenue of $953.09 million during the quarter. FTAI Aviation had a net margin of 15.94% and a return on equity of 139.59%. The company's revenue for the quarter was up 40.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.57 EPS. Sell-side analysts expect that FTAI Aviation Ltd. will post 5.48 earnings per share for the current year.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Wednesday, August 12th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, August 12th. FTAI Aviation's dividend payout ratio is 43.48%.

Insider Transactions at FTAI Aviation

In other FTAI Aviation news, President David Moreno bought 2,475 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were purchased at an average cost of $201.27 per share, for a total transaction of $498,143.25. Following the transaction, the president directly owned 199,490 shares in the company, valued at $40,151,352.30. The trade was a 1.26% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.35% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on FTAI. Weiss Ratings downgraded shares of FTAI Aviation from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, August 3rd. Royal Bank Of Canada lowered their price objective on shares of FTAI Aviation from $350.00 to $300.00 and set an "outperform" rating for the company in a research report on Monday, July 27th. Citizens Jmp started coverage on shares of FTAI Aviation in a research note on Wednesday, July 15th. They set a "market outperform" rating and a $375.00 price objective on the stock. Zacks Research cut shares of FTAI Aviation from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 21st. Finally, BTIG Research decreased their target price on FTAI Aviation from $400.00 to $350.00 and set a "buy" rating for the company in a research note on Tuesday, August 4th. Nine investment 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, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $320.11.

FTAI Aviation Company Profile

FTAI Aviation Ltd. NASDAQ: FTAI is an aviation asset owner and lessor focused on commercial aircraft engines and related aviation equipment. The company primarily acquires, leases and manages aircraft engines, with a particular emphasis on CFM56 engines, which power many Airbus A320-family and Boeing 737 Next Generation aircraft.

In addition to engine leasing, FTAI Aviation owns and leases commercial aircraft and provides aviation aftermarket services. Its activities include engine disassembly, maintenance, repair and overhaul, as well as the sale of engine components and other aircraft parts.

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