Nicholas Hoffman & Company LLC. Grows Holdings in FTAI Aviation Ltd. (NASDAQ:FTAI)

Key Points

• Nicholas Hoffman & Company LLC increased its stake in FTAI Aviation Ltd. by 150%, raising their total shares to 5,000, valued at approximately $555,000.
• FTAI Aviation recently reported an EPS of $1.57, exceeding analyst expectations of $1.33, and a quarterly revenue of $676.24 million.
• The company announced a quarterly dividend of $0.30 to be paid on August 19th, representing an annualized yield of 0.9%.

Nicholas Hoffman & Company LLC. raised its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 150.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,000 shares of the financial services provider's stock after acquiring an additional 3,000 shares during the period. Nicholas Hoffman & Company LLC.'s holdings in FTAI Aviation were worth $555,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Versant Capital Management Inc boosted 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 during the period. Virtus Fund Advisers LLC purchased a new position in shares of FTAI Aviation in the fourth quarter valued at approximately $26,000. Transce3nd LLC purchased a new position in shares of FTAI Aviation in the fourth quarter valued at approximately $29,000. Kapitalo Investimentos Ltda purchased a new position in shares of FTAI Aviation in the fourth quarter valued at approximately $30,000. Finally, Rakuten Securities Inc. purchased a new position in shares of FTAI Aviation in the first quarter valued at approximately $34,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FTAI has been the subject of a number of recent research reports. Stifel Nicolaus upgraded shares of FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price target for the company in a research note on Friday, May 2nd. Wall Street Zen upgraded shares of FTAI Aviation from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Royal Bank Of Canada boosted their price objective on shares of FTAI Aviation from $130.00 to $160.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Citizens Jmp upgraded shares of FTAI Aviation to a "strong-buy" rating in a research report on Thursday, May 8th. Finally, Barclays reduced their price objective on shares of FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Thirteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $176.42.

FTAI Aviation Stock Performance

FTAI traded down $2.01 during trading on Friday, hitting $136.06. The stock had a trading volume of 566,320 shares, compared to its average volume of 1,556,673. The firm has a market capitalization of $13.96 billion, a P/E ratio of 33.68 and a beta of 1.61. The company's 50-day moving average price is $122.09 and its 200 day moving average price is $113.49. FTAI Aviation Ltd. has a twelve month low of $75.06 and a twelve month high of $181.64.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last issued its earnings results 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. The company had revenue of $676.24 million for the quarter, compared to analyst estimates of $754.75 million. FTAI Aviation had a net margin of 21.31% and a return on equity of 465.13%. The business's revenue was up 52.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($2.26) EPS. As a group, equities analysts expect that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The business 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 dividend of $0.30 per share. 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 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.