1,795 Shares in FTAI Aviation Ltd. $FTAI Bought by Procyon Advisors LLC

Key Points

• Procyon Advisors LLC has taken a new position in FTAI Aviation Ltd., acquiring 1,795 shares valued at approximately $206,000.
• Multiple hedge funds have recently increased their stakes in FTAI Aviation, with institutional investors now owning 88.96% of the company's stock.
• FTAI Aviation recently announced a quarterly dividend of $0.30 per share, resulting in an annualized yield of 0.7%.

Procyon Advisors LLC acquired a new stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,795 shares of the financial services provider's stock, valued at approximately $206,000.

Other large investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its stake in shares of 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 during the last quarter. Virtus Advisers LLC acquired a new position in shares of FTAI Aviation in the 1st quarter valued at $29,000. Parallel Advisors LLC grew its holdings in shares of FTAI Aviation by 78.5% in the 2nd quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider's stock worth $35,000 after purchasing an additional 135 shares during the last quarter. Rakuten Securities Inc. bought a new stake in shares of FTAI Aviation in the 1st quarter worth about $34,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of FTAI Aviation in the 4th quarter worth about $61,000. 88.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FTAI. Citigroup reissued a "buy" rating on shares of FTAI Aviation in a report on Thursday, July 10th. Zacks Research raised shares of FTAI Aviation from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 20th. BTIG Research raised their target price on shares of FTAI Aviation from $190.00 to $230.00 and gave the company a "buy" rating in a research note on Monday, August 25th. JMP Securities increased their price target 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. Finally, Wall Street Zen downgraded shares of FTAI Aviation from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $182.83.

FTAI Aviation Trading Down 0.3%

NASDAQ:FTAI traded down $0.46 on Tuesday, reaching $181.43. 161,958 shares of the stock traded hands, compared to its average volume of 2,128,035. The company's 50 day moving average is $144.37 and its 200-day moving average is $122.69. The firm has a market capitalization of $18.61 billion, a price-to-earnings ratio of 44.91 and a beta of 1.65. FTAI Aviation Ltd. has a 1-year low of $75.06 and a 1-year high of $183.58.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released its earnings results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.33 by $0.24. FTAI Aviation had a net margin of 21.31% and a return on equity of 465.13%. The company had revenue of $676.24 million for the quarter, compared to the consensus estimate of $754.75 million. During the same quarter in the previous year, the company earned ($2.26) EPS. FTAI Aviation's quarterly revenue was up 52.4% compared to the same quarter last year. On average, equities research analysts forecast that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The firm 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 was Tuesday, August 12th. FTAI Aviation's payout ratio is presently 29.70%.

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.