Quantitative Investment Management LLC Raises Stock Holdings in FTAI Aviation Ltd. $FTAI

Key Points

• Quantitative Investment Management LLC has increased its holdings in FTAI Aviation Ltd. by 42.9%, now owning approximately $1.48 million worth of shares after purchasing additional stock during the first quarter.
• FTAI Aviation reported an earnings per share (EPS) of $1.57 for the last quarter, exceeding analyst expectations of $1.33, along with a revenue of $676.24 million, which was lower than the anticipated $754.75 million.
• The company recently declared a quarterly dividend of $0.30 per share, representing a 0.8% dividend yield and a payout ratio of 29.70%.

Quantitative Investment Management LLC grew its stake in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 42.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,314 shares of the financial services provider's stock after acquiring an additional 3,997 shares during the quarter. Quantitative Investment Management LLC's holdings in FTAI Aviation were worth $1,478,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of FTAI. Wellington Management Group LLP grew its holdings in shares of FTAI Aviation by 159.6% during the 1st quarter. Wellington Management Group LLP now owns 2,347,633 shares of the financial services provider's stock worth $260,658,000 after purchasing an additional 1,443,440 shares during the period. Two Sigma Advisers LP boosted its holdings in FTAI Aviation by 24.5% during the 4th quarter. Two Sigma Advisers LP now owns 1,305,400 shares of the financial services provider's stock valued at $188,030,000 after acquiring an additional 256,800 shares during the period. Northern Trust Corp boosted its holdings in FTAI Aviation by 7.3% during the 4th quarter. Northern Trust Corp now owns 1,035,951 shares of the financial services provider's stock valued at $149,218,000 after acquiring an additional 70,775 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in FTAI Aviation by 30.6% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 964,529 shares of the financial services provider's stock valued at $107,092,000 after acquiring an additional 225,920 shares during the period. Finally, Two Sigma Investments LP boosted its stake in shares of FTAI Aviation by 16.6% in the 4th quarter. Two Sigma Investments LP now owns 844,772 shares of the financial services provider's stock valued at $121,681,000 after buying an additional 120,289 shares during the period. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Stock Down 0.9%

FTAI stock traded down $1.33 on Friday, reaching $154.06. 1,058,581 shares of the company's stock were exchanged, compared to its average volume of 2,227,158. The stock has a fifty day moving average of $128.03 and a 200-day moving average of $117.47. FTAI Aviation Ltd. has a twelve month low of $75.06 and a twelve month high of $181.64. The firm has a market cap of $15.80 billion, a PE ratio of 38.13 and a beta of 1.61.

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

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th were given a dividend of $0.30 per share. 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 presently 29.70%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FTAI. Citizens Jmp raised FTAI Aviation to a "strong-buy" rating in a report on Thursday, May 8th. Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a research note on Thursday, July 10th. Stifel Nicolaus upgraded FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price objective for the company in a research note on Friday, May 2nd. Barclays reduced their price objective on FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Finally, Royal Bank Of Canada boosted their price objective on FTAI Aviation from $130.00 to $160.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, FTAI Aviation has an average rating of "Buy" and a consensus target price of $182.83.

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.