Ieq Capital LLC Increases Stock Holdings in FTAI Aviation Ltd. $FTAI

Key Points

• Ieq Capital LLC significantly increased its stake in FTAI Aviation Ltd. by 313.1% during the first quarter, now owning 12,022 shares valued at approximately $1.33 million.
• FTAI Aviation recently reported a quarterly EPS of $1.57, exceeding expectations, with revenue reaching $676.24 million, despite falling short of analyst projections.
• The company's stock saw a price target increase from $138.00 to $175.00 by Morgan Stanley, with a consensus average target price of $182.83 reflecting overall positive analyst sentiment.

Ieq Capital LLC boosted its position in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 313.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,022 shares of the financial services provider's stock after purchasing an additional 9,112 shares during the quarter. Ieq Capital LLC's holdings in FTAI Aviation were worth $1,335,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Virtus Fund Advisers LLC bought a new position in FTAI Aviation in the fourth quarter worth $26,000. Versant Capital Management Inc raised its holdings 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. Virtus Advisers LLC bought a new position in FTAI Aviation in the first quarter worth $29,000. Rakuten Securities Inc. bought a new position in FTAI Aviation in the first quarter worth $34,000. Finally, Public Employees Retirement System of Ohio bought a new position in FTAI Aviation in the fourth quarter worth $61,000. Institutional investors own 88.96% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. BTIG Research increased their price objective on FTAI Aviation from $190.00 to $230.00 and gave the stock a "buy" rating in a report on Monday, August 25th. Wall Street Zen downgraded FTAI Aviation from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Zacks Research upgraded FTAI Aviation from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 20th. JMP Securities raised their price target on FTAI Aviation from $180.00 to $205.00 and gave the company a "market outperform" rating in a report on Wednesday, August 6th. Finally, Royal Bank Of Canada raised their price target on FTAI Aviation from $130.00 to $160.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $182.83.

FTAI Aviation Price Performance

Shares of FTAI Aviation stock traded down $1.55 during trading on Friday, hitting $154.00. 1,489,286 shares of the company's stock traded hands, compared to its average volume of 980,949. FTAI Aviation Ltd. has a 1 year low of $75.06 and a 1 year high of $181.64. The stock has a market capitalization of $15.80 billion, a P/E ratio of 38.12 and a beta of 1.65. The business has a 50-day simple moving average of $131.19 and a 200-day simple moving average of $119.01.

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

FTAI Aviation Dividend Announcement

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