FTAI Aviation Ltd. $FTAI Shares Bought by Intech Investment Management LLC

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 raised its stake in 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 firm owned 65,239 shares of the financial services provider's stock after acquiring an additional 16,579 shares during the quarter. Intech Investment Management LLC owned about 0.06% of FTAI Aviation worth $7,243,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Wellington Management Group LLP boosted its position in shares of FTAI Aviation by 159.6% during the 1st quarter. Wellington Management Group LLP now owns 2,347,633 shares of the financial services provider's stock worth $260,658,000 after acquiring an additional 1,443,440 shares in the last quarter. Empyrean Capital Partners LP acquired a new position in FTAI Aviation in the first quarter valued at $61,546,000. Shellback Capital LP acquired a new position in shares of FTAI Aviation during the fourth quarter valued at about $76,510,000. Sessa Capital IM L.P. acquired a new position in shares of FTAI Aviation during the first quarter valued at about $44,412,000. Finally, Appian Way Asset Management LP raised its holdings in shares of FTAI Aviation by 601.8% during the first quarter. Appian Way Asset Management LP now owns 450,780 shares of the financial services provider's stock valued at $50,050,000 after purchasing an additional 386,549 shares during the period. Institutional investors and hedge funds own 88.96% of the company's stock.

Analyst Upgrades and Downgrades

FTAI has been the topic of several recent analyst reports. JMP Securities lifted their target price on shares of FTAI Aviation from $180.00 to $205.00 and gave the stock a "market outperform" rating in a research report on Wednesday, August 6th. Zacks Research upgraded shares of FTAI Aviation from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 20th. BTIG Research boosted their price objective on shares of FTAI Aviation from $190.00 to $230.00 and gave the company a "buy" rating in a research report on Monday, August 25th. Morgan Stanley lifted their target price on shares of FTAI Aviation from $138.00 to $175.00 and gave the company an "overweight" rating in a research note on Wednesday, August 20th. Finally, Royal Bank Of Canada upped their price objective on shares of FTAI Aviation from $130.00 to $160.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $182.83.

FTAI Aviation Stock Down 1.1%

Shares of FTAI Aviation stock traded down $1.92 on Wednesday, reaching $171.83. The stock had a trading volume of 193,942 shares, compared to its average volume of 2,152,120. The company has a 50 day moving average price of $139.08 and a 200 day moving average price of $120.77. The stock has a market capitalization of $17.62 billion, a P/E ratio of 42.53 and a beta of 1.65. 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 data on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share for the quarter, topping analysts' consensus estimates of $1.33 by $0.24. FTAI Aviation had a net margin of 21.31% and a return on equity of 465.13%. The company had revenue of $676.24 million during the quarter, compared to analysts' expectations of $754.75 million. During the same period in the prior year, the business posted ($2.26) earnings per share. The firm's revenue for the quarter was up 52.4% on a year-over-year basis. On average, analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 12th. FTAI Aviation's dividend payout ratio (DPR) is 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.