Invesco Ltd. Has $37.42 Million Position in FTAI Aviation Ltd. $FTAI

Key Points

• Invesco Ltd. reduced its position in FTAI Aviation Ltd. by 71.5%, selling 843,649 shares and owning 337,034 shares valued at approximately $37.4 million as of its latest SEC filing.
• FTAI Aviation reported earnings per share of $1.57, exceeding estimates by 24 cents, and noted a year-over-year revenue increase of 52.4%.
• The company announced a quarterly dividend of $0.30 per share, with a dividend yield of 0.8%, to be paid to investors of record on August 12th.

Invesco Ltd. decreased its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 71.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 337,034 shares of the financial services provider's stock after selling 843,649 shares during the quarter. Invesco Ltd. owned about 0.33% of FTAI Aviation worth $37,421,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the business. Versant Capital Management Inc lifted its position in shares of FTAI Aviation by 420.9% during the 1st quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 181 shares during the last quarter. Virtus Fund Advisers LLC bought a new stake in shares of FTAI Aviation during the 4th quarter worth about $26,000. Transce3nd LLC acquired a new position in shares of FTAI Aviation during the 4th quarter worth about $29,000. Kapitalo Investimentos Ltda acquired a new stake in FTAI Aviation in the 4th quarter worth $30,000. Finally, Rakuten Securities Inc. bought a new stake in shares of FTAI Aviation during the first quarter valued at approximately $34,000. Institutional investors and hedge funds own 88.96% of the company's stock.

Analyst Ratings Changes

FTAI has been the topic of a number of research analyst reports. Royal Bank Of Canada increased their price target on FTAI Aviation from $130.00 to $160.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Wall Street Zen upgraded FTAI Aviation from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Citigroup restated a "buy" rating on shares of FTAI Aviation in a research note on Thursday, July 10th. JMP Securities lifted their target price on FTAI Aviation from $180.00 to $205.00 and gave the company a "market outperform" rating in a research report on Wednesday, August 6th. Finally, Citizens Jmp raised FTAI Aviation to a "strong-buy" rating in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $179.50.

FTAI Aviation Trading Up 4.1%

Shares of NASDAQ:FTAI traded up $5.69 on Thursday, hitting $146.09. The company had a trading volume of 1,390,789 shares, compared to its average volume of 2,268,997. The stock has a 50 day moving average price of $125.19 and a 200 day moving average price of $116.00. The stock has a market cap of $14.98 billion, a price-to-earnings ratio of 36.16 and a beta of 1.61. FTAI Aviation Ltd. has a 1-year low of $75.06 and a 1-year high of $181.64.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.57 EPS for the quarter, topping analysts' consensus estimates of $1.33 by $0.24. The business 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%. FTAI Aviation's revenue for the quarter was up 52.4% compared to the same quarter last year. During the same period last year, the firm earned ($2.26) earnings per share. Sell-side analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Tuesday, August 12th. FTAI Aviation's payout ratio is currently 29.70%.

FTAI Aviation 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.