FTAI Aviation Ltd. $FTAI is Pingora Partners LLC's Largest Position

Key Points

• Pingora Partners LLC increased its stake in FTAI Aviation Ltd. by 1.3%, making it the firm's largest position, valued at approximately $33.95 million.
• Analysts have mostly rated FTAI Aviation as a Buy, with price targets raised by firms such as BTIG Research and Morgan Stanley, indicating strong future performance expectations.
• FTAI Aviation recently declared a quarterly dividend of $0.30 per share, yielding 0.8%, reflecting a payout ratio of 29.70%.

Pingora Partners LLC increased its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 1.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 305,776 shares of the financial services provider's stock after purchasing an additional 4,055 shares during the period. FTAI Aviation makes up about 25.2% of Pingora Partners LLC's investment portfolio, making the stock its largest position. Pingora Partners LLC owned about 0.30% of FTAI Aviation worth $33,950,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Versant Capital Management Inc increased its position 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 purchasing an additional 181 shares during the last quarter. Virtus Fund Advisers LLC bought a new stake in FTAI Aviation in the fourth quarter worth $26,000. Virtus Advisers LLC bought a new stake in FTAI Aviation in the first quarter worth $29,000. Rakuten Securities Inc. bought a new stake in FTAI Aviation in the first quarter worth $34,000. Finally, Rossby Financial LCC bought a new stake in FTAI Aviation in the first quarter worth $45,000. Institutional investors own 88.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Royal Bank Of Canada boosted their price target 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. Zacks Research upgraded shares of FTAI Aviation from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 20th. JMP Securities boosted their price objective on shares of 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 objective on shares of FTAI Aviation from $138.00 to $175.00 and gave the company an "overweight" rating in a research report on Wednesday, August 20th. Finally, Wall Street Zen cut shares of FTAI Aviation from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $182.83.

FTAI Aviation Stock Performance

FTAI stock traded up $12.42 during mid-day trading on Monday, reaching $166.42. 2,325,648 shares of the stock traded hands, compared to its average volume of 1,025,775. FTAI Aviation Ltd. has a one year low of $75.06 and a one year high of $181.64. The stock has a market capitalization of $17.07 billion, a PE ratio of 41.19 and a beta of 1.65. The business has a 50-day moving average price of $132.22 and a two-hundred day moving average price of $119.10.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last posted 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 business had revenue of $676.24 million for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($2.26) earnings per share. On average, 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 announced a quarterly dividend, which was paid on Tuesday, August 19th. Stockholders 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 dividend yield of 0.7%. The ex-dividend date of this dividend 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.