Granahan Investment Management LLC Boosts Holdings in FTAI Aviation Ltd. $FTAI

Key Points

• Granahan Investment Management LLC boosted its stake in FTAI Aviation Ltd. by 128.9% in the first quarter, acquiring over 75,000 additional shares, bringing their total to 134,548 shares valued at approximately $14.9 million.
• FTAI Aviation reported $1.57 earnings per share for the last quarter, exceeding the consensus estimate of $1.33, and experienced a 52.4% increase in revenue compared to the same quarter last year.
• Analysts have set new price targets for FTAI Aviation, with Royal Bank of Canada raising it to $160.00, while the consensus rating for the stock is currently "Buy" with an average price target of $182.83.

Granahan Investment Management LLC grew its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 128.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 134,548 shares of the financial services provider's stock after acquiring an additional 75,758 shares during the period. Granahan Investment Management LLC owned about 0.13% of FTAI Aviation worth $14,939,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Virtus Fund Advisers LLC bought a new position in FTAI Aviation in the fourth quarter worth approximately $26,000. Versant Capital Management Inc raised its stake in FTAI Aviation by 420.9% in the first quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock worth $25,000 after buying an additional 181 shares in the last quarter. Virtus Advisers LLC bought a new position in FTAI Aviation in the first quarter worth approximately $29,000. Rakuten Securities Inc. bought a new position in FTAI Aviation in the first quarter worth approximately $34,000. Finally, Public Employees Retirement System of Ohio bought a new position in FTAI Aviation in the fourth quarter worth approximately $61,000. Institutional investors own 88.96% of the company's stock.

FTAI Aviation Stock Down 1.0%

Shares of FTAI traded down $1.55 during trading hours on Friday, reaching $154.00. 1,489,286 shares of the company traded hands, compared to its average volume of 1,025,775. The stock has a market capitalization of $15.80 billion, a P/E ratio of 38.12 and a beta of 1.65. FTAI Aviation Ltd. has a 12-month low of $75.06 and a 12-month high of $181.64. The business has a fifty day moving average price of $131.19 and a 200-day moving average price of $118.84.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share for the quarter, beating analysts' consensus estimates of $1.33 by $0.24. The firm 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 quarterly revenue was up 52.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($2.26) earnings per share. As a group, research analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 19th. Stockholders of record on Tuesday, August 12th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.8%. FTAI Aviation's payout ratio is 29.70%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FTAI. 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 note on Thursday, July 31st. Zacks Research raised shares of FTAI Aviation from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 20th. Morgan Stanley boosted their price objective on shares of FTAI Aviation from $138.00 to $175.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 20th. JMP Securities boosted their price objective on shares of FTAI Aviation from $180.00 to $205.00 and gave the stock a "market outperform" rating in a research note on Wednesday, August 6th. Finally, Citigroup reissued a "buy" rating on shares of FTAI Aviation in a research note on Thursday, July 10th. One research 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. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average 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.