Intech Investment Management LLC Acquires 16,579 Shares of FTAI Aviation Ltd. $FTAI

Key Points

• Intech Investment Management LLC increased its stake in FTAI Aviation Ltd. by 34.1%, owning a total of 65,239 shares valued at approximately $7.24 million.
• Analysts have raised their price targets for FTAI shares significantly, with Royal Bank of Canada increasing it from $130 to $160, and Morgan Stanley setting a target of $175.
• FTAI Aviation announced a quarterly dividend of $0.30 per share, representing an annual yield of 0.7%, with a payout ratio of 29.70%.

Intech Investment Management LLC increased its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 34.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,239 shares of the financial services provider's stock after buying an additional 16,579 shares during the period. Intech Investment Management LLC owned 0.06% of FTAI Aviation worth $7,243,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Amalgamated Bank raised its stake in shares of FTAI Aviation by 3.5% in the first quarter. Amalgamated Bank now owns 3,518 shares of the financial services provider's stock worth $391,000 after acquiring an additional 120 shares during the last quarter. Scotia Capital Inc. increased its holdings in shares of FTAI Aviation by 0.5% in the first quarter. Scotia Capital Inc. now owns 25,428 shares of the financial services provider's stock valued at $2,823,000 after purchasing an additional 122 shares in the last quarter. AE Wealth Management LLC raised its position in 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 worth $270,000 after purchasing an additional 145 shares during the last quarter. Virtus Fund Advisers LLC acquired a new position in FTAI Aviation during the 4th quarter worth $26,000. Finally, Versant Capital Management Inc lifted its holdings in FTAI Aviation by 420.9% during the 1st quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock worth $25,000 after buying an additional 181 shares in the last quarter. Institutional investors own 88.96% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on FTAI shares. Zacks Research upgraded FTAI Aviation from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 20th. Royal Bank Of Canada lifted their price objective on FTAI Aviation from $130.00 to $160.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. JMP Securities upped their target price 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. Wall Street Zen cut shares of FTAI Aviation from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Finally, BTIG Research boosted their price target on shares of FTAI Aviation from $190.00 to $230.00 and gave the stock a "buy" rating in a research note on Monday, August 25th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $182.83.

FTAI Aviation Stock Performance

FTAI traded up $1.81 during midday trading on Friday, reaching $171.66. 1,015,616 shares of the company were exchanged, compared to its average volume of 1,138,173. The stock has a market capitalization of $17.61 billion, a P/E ratio of 42.49 and a beta of 1.65. FTAI Aviation Ltd. has a one year low of $75.06 and a one year high of $181.64. The stock's 50-day simple moving average is $136.58 and its 200 day simple moving average is $120.09.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.57 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.24. The company had revenue of $676.24 million during 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%.FTAI Aviation's revenue was up 52.4% on a year-over-year basis. During the same period in the prior year, the business posted ($2.26) EPS. On average, research analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current 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 issued a $0.30 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $1.20 annualized dividend and a yield of 0.7%. FTAI Aviation's dividend payout ratio (DPR) is 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.