Redwood Investments LLC Has $7.78 Million Holdings in FTAI Aviation Ltd. $FTAI

Key Points

• Redwood Investments LLC increased its holdings in FTAI Aviation by 58.9%, acquiring an additional 25,967 shares, bringing its total stake to 70,082 shares valued at approximately $7.78 million.
• Institutional investors now own 88.96% of FTAI Aviation, indicating strong market confidence, with several funds making significant investments in the company.
• Several analysts have upgraded their ratings for FTAI Aviation, with a consensus rating of "Buy" and an average price target of $182.83, suggesting positive future performance.

Redwood Investments LLC raised its stake in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 58.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,082 shares of the financial services provider's stock after acquiring an additional 25,967 shares during the quarter. FTAI Aviation makes up approximately 2.9% of Redwood Investments LLC's investment portfolio, making the stock its 4th largest position. Redwood Investments LLC owned 0.07% of FTAI Aviation worth $7,781,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Virtus Fund Advisers LLC bought a new position in shares of FTAI Aviation in the fourth quarter worth about $26,000. Versant Capital Management Inc raised its holdings in FTAI Aviation by 420.9% in the 1st quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock valued at $25,000 after buying an additional 181 shares during the last quarter. Virtus Advisers LLC bought a new position in FTAI Aviation in the 1st quarter valued at approximately $29,000. Rakuten Securities Inc. bought a new position in FTAI Aviation in the 1st quarter valued at approximately $34,000. Finally, Public Employees Retirement System of Ohio bought a new position in FTAI Aviation in the 4th quarter valued at approximately $61,000. Institutional investors own 88.96% of the company's stock.

Analyst Ratings Changes

FTAI has been the subject of a number of research reports. Morgan Stanley raised their price objective on shares of FTAI Aviation from $138.00 to $175.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. Royal Bank Of Canada raised their price objective on shares of FTAI Aviation from $130.00 to $160.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a report on Thursday, July 10th. JMP Securities raised their price objective on shares of FTAI Aviation from $180.00 to $205.00 and gave the company a "market outperform" rating in a report on Wednesday, August 6th. Finally, Zacks Research upgraded shares of FTAI Aviation from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $182.83.

FTAI Aviation Stock Performance

NASDAQ:FTAI opened at $154.00 on Monday. The company has a market capitalization of $15.80 billion, a PE ratio of 38.12 and a beta of 1.65. The company has a 50 day simple moving average of $131.19 and a two-hundred day simple moving average of $118.84. FTAI Aviation Ltd. has a fifty-two week low of $75.06 and a fifty-two week high of $181.64.

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

FTAI Aviation Dividend Announcement

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 of this dividend was Tuesday, August 12th. FTAI Aviation's dividend payout ratio is currently 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.

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