FTAI Aviation Ltd. $FTAI Shares Bought by Weybosset Research & Management LLC

Key Points

• Weybosset Research & Management LLC increased its holdings in FTAI Aviation Ltd. by 64.9%, owning a total of 136,378 shares valued at approximately $15.7 million.
• A number of analysts have provided positive ratings for FTAI Aviation, with target prices ranging from $160.00 to $230.00, indicating a consensus rating of "Buy".
• The company recently declared a quarterly dividend of $0.30 per share, reflecting a 0.7% dividend yield and a payout ratio of 29.7%.

Weybosset Research & Management LLC raised its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 64.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 136,378 shares of the financial services provider's stock after purchasing an additional 53,654 shares during the period. FTAI Aviation comprises 5.4% of Weybosset Research & Management LLC's holdings, making the stock its 6th largest position. Weybosset Research & Management LLC owned about 0.13% of FTAI Aviation worth $15,689,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in FTAI. Wellington Management Group LLP raised its stake 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 buying an additional 1,443,440 shares during the period. Empyrean Capital Partners LP acquired a new position in shares of FTAI Aviation during the first quarter valued at approximately $61,546,000. Sessa Capital IM L.P. acquired a new position in shares of FTAI Aviation during the first quarter valued at approximately $44,412,000. 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 acquiring an additional 386,549 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of FTAI Aviation during the first quarter valued at approximately $41,789,000. 88.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Royal Bank Of Canada increased their target price on FTAI Aviation from $130.00 to $160.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. BTIG Research increased their target price on FTAI Aviation from $190.00 to $230.00 and gave the company a "buy" rating in a report on Monday, August 25th. Wall Street Zen cut FTAI Aviation from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Citigroup reissued a "buy" rating on shares of FTAI Aviation in a report on Thursday, July 10th. Finally, Morgan Stanley upped their price target on FTAI Aviation from $138.00 to $175.00 and gave the company an "overweight" rating in a research report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $182.83.

FTAI Aviation Price Performance

FTAI stock opened at $178.89 on Friday. The business has a 50 day simple moving average of $143.03 and a 200-day simple moving average of $121.99. The firm has a market capitalization of $18.35 billion, a PE ratio of 44.28 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 results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.33 by $0.24. The business had revenue of $676.24 million during the quarter, compared to analyst estimates 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 was up 52.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($2.26) earnings per share. On average, equities research analysts expect that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

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

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