FTAI Aviation Ltd. $FTAI Stock Holdings Lifted 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 boosted its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 64.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 136,378 shares of the financial services provider's stock after buying an additional 53,654 shares during the quarter. FTAI Aviation accounts for approximately 5.4% of Weybosset Research & Management LLC's investment portfolio, making the stock its 6th largest position. Weybosset Research & Management LLC owned 0.13% of FTAI Aviation worth $15,689,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of FTAI. Versant Capital Management Inc boosted its stake in shares of FTAI Aviation by 420.9% during the first 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 period. Virtus Advisers LLC purchased a new stake in shares of FTAI Aviation during the first quarter valued at $29,000. Parallel Advisors LLC raised its holdings in shares of FTAI Aviation by 78.5% in the second quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 135 shares in the last quarter. Rakuten Securities Inc. bought a new stake in shares of FTAI Aviation in the first quarter valued at about $34,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of FTAI Aviation in the fourth quarter valued at about $61,000. 88.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on FTAI shares. Zacks Research upgraded FTAI Aviation from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 20th. JMP Securities lifted their price objective on FTAI Aviation from $180.00 to $205.00 and gave the company 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. Morgan Stanley lifted their price objective on FTAI Aviation from $138.00 to $175.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. Finally, Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a report on Thursday, July 10th. One equities research 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's stock. According to MarketBeat.com, FTAI Aviation presently has an average rating of "Buy" and a consensus price target of $182.83.

FTAI Aviation Stock Performance

NASDAQ FTAI traded up $1.92 during trading hours on Tuesday, reaching $183.81. The stock had a trading volume of 427,092 shares, compared to its average volume of 2,129,390. FTAI Aviation Ltd. has a 52-week low of $75.06 and a 52-week high of $183.99. The stock has a fifty day moving average of $144.37 and a 200 day moving average of $122.69. The stock has a market cap of $18.85 billion, a P/E ratio of 45.50 and a beta of 1.65.

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

FTAI Aviation Announces Dividend

The firm also recently announced 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. The ex-dividend date was Tuesday, August 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.7%. FTAI Aviation's dividend payout ratio (DPR) is 29.70%.

About FTAI Aviation

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.