Janney Capital Management LLC Purchases Shares of 3,127 FTAI Aviation Ltd. $FTAI

Key Points

• Janney Capital Management LLC has acquired 3,127 shares of FTAI Aviation Ltd., valued at approximately $360,000, during the second quarter.
• FTAI Aviation reported a 52.4% increase in quarterly revenue year-over-year, with earnings per share of $1.57, exceeding consensus estimates.
• Institutional investors own 88.96% of FTAI Aviation's stock, with various hedge funds significantly increasing their positions in the company recently.

Janney Capital Management LLC acquired a new position in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,127 shares of the financial services provider's stock, valued at approximately $360,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its position in shares of FTAI Aviation by 9,130.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 31,939 shares of the financial services provider's stock worth $3,674,000 after purchasing an additional 31,593 shares during the last quarter. Armstrong Advisory Group Inc. purchased a new position in FTAI Aviation in the second quarter worth about $60,000. Weybosset Research & Management LLC lifted its stake in shares of FTAI Aviation by 64.9% in the second quarter. Weybosset Research & Management LLC now owns 136,378 shares of the financial services provider's stock worth $15,689,000 after buying an additional 53,654 shares in the last quarter. Signal Advisors Wealth LLC purchased a new stake in shares of FTAI Aviation during the second quarter valued at approximately $232,000. Finally, Procyon Advisors LLC purchased a new stake in shares of FTAI Aviation during the second quarter valued at approximately $206,000. Institutional investors own 88.96% of the company's stock.

FTAI Aviation Stock Performance

FTAI stock opened at $166.86 on Wednesday. The company has a market cap of $17.11 billion, a price-to-earnings ratio of 41.30 and a beta of 1.65. The business's 50-day moving average is $151.21 and its two-hundred day moving average is $125.40. FTAI Aviation Ltd. has a fifty-two week low of $75.06 and a fifty-two week high of $184.44.

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, beating the consensus estimate of $1.33 by $0.24. FTAI Aviation had a net margin of 21.31% and a return on equity of 465.13%. The firm had revenue of $676.24 million during the quarter, compared to analyst estimates of $754.75 million. During the same quarter in the prior year, the firm earned ($2.26) EPS. The business's revenue for the quarter was up 52.4% compared to the same quarter last year. Equities analysts predict that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts recently issued reports on FTAI shares. JMP Securities upped their price objective 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. Morgan Stanley boosted their price target on FTAI Aviation from $138.00 to $175.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 20th. Wall Street Zen raised FTAI Aviation from a "hold" rating to a "buy" rating in a research report on Friday, September 26th. Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a report on Thursday, July 10th. Finally, Royal Bank Of Canada upped their target price on shares of FTAI Aviation from $160.00 to $185.00 and gave the company an "outperform" rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $187.64.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.