MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 2,697 Shares of FTAI Aviation Ltd. $FTAI

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. has increased its stake in FTAI Aviation by 4.7% during the first quarter, owning 60,500 shares valued at approximately $6.7 million.
• FTAI Aviation reported $1.57 EPS for the quarter, exceeding analysts' estimates of $1.33, but fell short of revenue expectations with $676.24 million compared to the anticipated $754.75 million.
• The company declared a quarterly dividend of $0.30 per share, resulting in a 0.7% yield and a dividend payout ratio of 29.70%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 4.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,500 shares of the financial services provider's stock after purchasing an additional 2,697 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.06% of FTAI Aviation worth $6,717,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Virtus Fund Advisers LLC acquired a new stake in FTAI Aviation during the 4th quarter valued at $26,000. 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 valued at $25,000 after purchasing an additional 181 shares during the last quarter. Virtus Advisers LLC acquired a new stake in shares of FTAI Aviation during the first quarter worth $29,000. Rakuten Securities Inc. acquired a new stake in shares of FTAI Aviation during the first quarter worth $34,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of FTAI Aviation during the fourth quarter worth $61,000. Institutional investors and hedge funds own 88.96% of the company's stock.

FTAI Aviation Stock Performance

Shares of NASDAQ FTAI traded up $1.24 during mid-day trading on Tuesday, reaching $173.75. The company had a trading volume of 649,870 shares, compared to its average volume of 1,126,658. FTAI Aviation Ltd. has a one year low of $75.06 and a one year high of $181.64. The firm has a market cap of $17.82 billion, a price-to-earnings ratio of 43.01 and a beta of 1.65. The business's 50-day simple moving average is $139.08 and its 200 day simple moving average is $120.77.

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

FTAI Aviation Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Tuesday, August 12th. FTAI Aviation's payout ratio is currently 29.70%.

Analyst Ratings Changes

A number of research firms have recently weighed in on FTAI. Citigroup reissued a "buy" rating on shares of FTAI Aviation in a report on Thursday, July 10th. Morgan Stanley lifted their target price on FTAI Aviation from $138.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. JMP Securities lifted their target price on FTAI Aviation from $180.00 to $205.00 and gave the stock a "market outperform" rating in a report on Wednesday, August 6th. Wall Street Zen downgraded FTAI Aviation from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Finally, Royal Bank Of Canada lifted their target price on FTAI Aviation from $130.00 to $160.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $182.83.

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.