Granahan Investment Management LLC Grows Position 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 boosted its position in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 128.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 134,548 shares of the financial services provider's stock after buying an additional 75,758 shares during the period. Granahan Investment Management LLC owned approximately 0.13% of FTAI Aviation worth $14,939,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of FTAI. EFG Asset Management North America Corp. increased its stake in FTAI Aviation by 4.4% in the first quarter. EFG Asset Management North America Corp. now owns 30,005 shares of the financial services provider's stock valued at $3,333,000 after purchasing an additional 1,264 shares in the last quarter. Bosun Asset Management LLC increased its stake in FTAI Aviation by 10.0% in the first quarter. Bosun Asset Management LLC now owns 7,704 shares of the financial services provider's stock valued at $855,000 after purchasing an additional 701 shares in the last quarter. AQR Capital Management LLC bought a new stake in FTAI Aviation in the first quarter valued at $242,000. Empyrean Capital Partners LP bought a new stake in shares of FTAI Aviation during the first quarter worth about $61,546,000. Finally, Appian Way Asset Management LP increased its position 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 worth $50,050,000 after acquiring an additional 386,549 shares in the last quarter. Institutional investors and hedge funds own 88.96% of the company's stock.

FTAI Aviation Trading Up 2.1%

Shares of NASDAQ:FTAI traded up $3.44 during trading on Wednesday, reaching $168.83. The company had a trading volume of 380,336 shares, compared to its average volume of 2,186,575. The company has a fifty day moving average of $133.25 and a two-hundred day moving average of $119.42. The stock has a market capitalization of $17.32 billion, a P/E ratio of 41.79 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.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released its earnings results on Tuesday, July 29th. The financial services provider reported $1.57 EPS for the quarter, beating 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 firm's quarterly revenue was up 52.4% compared to the same quarter last year. During the same quarter last year, the firm earned ($2.26) EPS. As a group, equities research analysts predict that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Tuesday, August 12th. FTAI Aviation's dividend payout ratio (DPR) is currently 29.70%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on FTAI shares. Zacks Research raised shares of FTAI Aviation from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 20th. Citigroup reissued a "buy" rating on shares of FTAI Aviation in a research report on Thursday, July 10th. JMP Securities upped 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 report on Wednesday, August 6th. Royal Bank Of Canada upped 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. Finally, Morgan Stanley upped their price objective on shares of FTAI Aviation from $138.00 to $175.00 and gave the stock 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 issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price 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.