Redwood Investments LLC Acquires 25,967 Shares of 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 position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 58.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 70,082 shares of the financial services provider's stock after purchasing an additional 25,967 shares during the quarter. FTAI Aviation comprises 2.9% of Redwood Investments LLC's portfolio, making the stock its 4th largest holding. Redwood Investments LLC owned about 0.07% of FTAI Aviation worth $7,781,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FTAI. Wellington Management Group LLP boosted its stake in 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 valued at $260,658,000 after purchasing an additional 1,443,440 shares in the last quarter. Empyrean Capital Partners LP bought a new position in FTAI Aviation during the 1st quarter valued at $61,546,000. Shellback Capital LP bought a new position in FTAI Aviation during the 4th quarter valued at $76,510,000. Sessa Capital IM L.P. bought a new position in FTAI Aviation during the 1st quarter valued at $44,412,000. Finally, Appian Way Asset Management LP boosted its stake in FTAI Aviation by 601.8% during the 1st quarter. Appian Way Asset Management LP now owns 450,780 shares of the financial services provider's stock valued at $50,050,000 after purchasing an additional 386,549 shares in the last quarter. 88.96% of the stock is owned by institutional investors.

FTAI Aviation Stock Up 1.1%

Shares of FTAI traded up $1.81 during mid-day trading on Friday, reaching $171.66. The company's stock had a trading volume of 1,015,616 shares, compared to its average volume of 1,131,772. The business has a fifty day moving average of $136.58 and a 200 day moving average of $120.16. The company has a market cap of $17.61 billion, a price-to-earnings ratio of 42.49 and a beta of 1.65. FTAI Aviation Ltd. has a 1 year low of $75.06 and a 1 year high of $181.64.

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 (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.24. FTAI Aviation had a return on equity of 465.13% and a net margin of 21.31%.The business had revenue of $676.24 million during the quarter, compared to analyst estimates of $754.75 million. During the same period last year, the company earned ($2.26) earnings per share. FTAI Aviation's quarterly revenue was up 52.4% compared to the same quarter last year. On average, analysts predict that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Citigroup reaffirmed a "buy" rating on shares of FTAI Aviation in a research note on Thursday, July 10th. JMP Securities increased their price objective on FTAI Aviation from $180.00 to $205.00 and gave the company a "market outperform" rating in a research report on Wednesday, August 6th. Royal Bank Of Canada increased their price objective on FTAI Aviation from $130.00 to $160.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Wall Street Zen downgraded FTAI Aviation from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Finally, BTIG Research increased their price objective on FTAI Aviation from $190.00 to $230.00 and gave the company a "buy" rating in a research report on Monday, August 25th. One 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, FTAI Aviation has a consensus rating of "Buy" and an average target price of $182.83.

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.