QRG Capital Management Inc. Purchases Shares of 1,769 FTAI Aviation Ltd. $FTAI

Key Points

• QRG Capital Management Inc. acquired 1,769 shares of FTAI Aviation Ltd. valued at approximately $204,000 in the second quarter.
• Several brokerages have raised their price targets for FTAI Aviation, with JMP Securities setting it at $205.00 and Jones Trading at $306.00, indicating positive analyst sentiment.
• FTAI Aviation reported a quarterly earnings per share of $1.57, exceeding estimates, and a revenue increase of 52.4% year-on-year, reflecting strong financial performance.

QRG Capital Management Inc. purchased a new stake in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,769 shares of the financial services provider's stock, valued at approximately $204,000.

Several other institutional investors and hedge funds also recently modified their holdings of FTAI. Virtus Advisers LLC purchased a new stake in shares of FTAI Aviation in the first quarter valued at about $29,000. Rakuten Securities Inc. purchased a new stake in shares of FTAI Aviation in the first quarter valued at about $34,000. Parallel Advisors LLC lifted its holdings in shares of FTAI Aviation by 78.5% in the second quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 135 shares in the last quarter. Rossby Financial LCC purchased a new stake in shares of FTAI Aviation in the first quarter valued at about $45,000. Finally, GAMMA Investing LLC lifted its stake in shares of FTAI Aviation by 124.1% during the first quarter. GAMMA Investing LLC now owns 428 shares of the financial services provider's stock valued at $48,000 after buying an additional 237 shares during the period. Hedge funds and other institutional investors own 88.96% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FTAI. JMP Securities upped 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 note on Wednesday, August 6th. Jones Trading began coverage on shares of FTAI Aviation in a research note on Friday. They set a "buy" rating and a $306.00 price objective on the stock. Barclays upped their price objective on shares of FTAI Aviation from $150.00 to $195.00 and gave the company an "overweight" rating in a research note on Thursday, October 2nd. Weiss Ratings reissued a "buy (b-)" rating on shares of FTAI Aviation in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada upped their price objective on shares of FTAI Aviation from $160.00 to $185.00 and gave the company an "outperform" rating in a research note on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, FTAI Aviation currently has an average rating of "Buy" and an average price target of $201.25.

FTAI Aviation Stock Performance

Shares of FTAI stock opened at $163.11 on Monday. FTAI Aviation Ltd. has a one year low of $75.06 and a one year high of $184.44. The company has a 50 day moving average price of $158.67 and a 200 day moving average price of $128.84. The firm has a market capitalization of $16.73 billion, a price-to-earnings ratio of 40.37 and a beta of 1.70.

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

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Investors of record on Tuesday, August 12th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $1.20 annualized dividend and a yield of 0.7%. FTAI Aviation's dividend payout ratio is 29.70%.

About FTAI Aviation

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.

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