Federated Hermes Inc. Purchases 41,029 Shares of FTAI Aviation Ltd. (NASDAQ:FTAI)

Key Points

• Federated Hermes Inc. increased its stake in FTAI Aviation Ltd. by 23.6%, owning approximately 214,701 shares valued at about $23.8 million following its recent purchase.
• FTAI Aviation reported $1.57 earnings per share for the recent quarter, exceeding analysts' estimates of $1.33, while the company's quarterly revenue rose by 52.4% year-over-year.
• The company declared a quarterly dividend of $0.30 per share, which will be paid to shareholders on August 19th, resulting in an annualized dividend yield of 0.9%.

Federated Hermes Inc. lifted its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 23.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 214,701 shares of the financial services provider's stock after acquiring an additional 41,029 shares during the quarter. Federated Hermes Inc. owned about 0.21% of FTAI Aviation worth $23,838,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Virtus Fund Advisers LLC bought a new stake in FTAI Aviation in the fourth quarter worth approximately $26,000. Transce3nd LLC bought a new stake in shares of FTAI Aviation in the 4th quarter worth approximately $29,000. Kapitalo Investimentos Ltda bought a new stake in shares of FTAI Aviation during the fourth quarter valued at approximately $30,000. Versant Capital Management Inc raised its stake in shares of FTAI Aviation by 420.9% in 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 in the last quarter. Finally, Rakuten Securities Inc. bought a new position in FTAI Aviation in the first quarter worth $34,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FTAI has been the subject of several research analyst reports. Morgan Stanley dropped their price objective on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Stifel Nicolaus raised FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price objective for the company in a research note on Friday, May 2nd. Citizens Jmp raised shares of FTAI Aviation to a "strong-buy" rating in a research note on Thursday, May 8th. Citigroup reaffirmed a "buy" rating on shares of FTAI Aviation in a research note on Thursday, July 10th. Finally, Barclays decreased their price target on shares of FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Thirteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, FTAI Aviation has an average rating of "Buy" and an average target price of $174.33.

FTAI Aviation Trading Down 1.0%

Shares of FTAI stock traded down $1.37 during mid-day trading on Tuesday, reaching $140.10. The stock had a trading volume of 474,832 shares, compared to its average volume of 2,367,526. The stock's 50-day moving average price is $120.54 and its two-hundred day moving average price is $112.60. FTAI Aviation Ltd. has a 52-week low of $75.06 and a 52-week high of $181.64. The firm has a market capitalization of $14.37 billion, a PE ratio of 34.68 and a beta of 1.61.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last posted its earnings results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.24. The business had revenue of $676.24 million for the quarter, compared to analysts' expectations of $754.75 million. FTAI Aviation had a net margin of 21.31% and a return on equity of 601.23%. The business's revenue for the quarter was up 52.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($2.26) EPS. On average, equities research analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 19th. Stockholders of record on Tuesday, August 12th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.9%. FTAI Aviation's dividend payout ratio 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.