FTAI Aviation Ltd. $FTAI Shares Acquired by T. Rowe Price Investment Management Inc.

Key Points

• T. Rowe Price Investment Management Inc. increased its holdings in FTAI Aviation Ltd. by 30.6% during the first quarter, acquiring an additional 225,920 shares, bringing its total to 964,529 shares valued at approximately $107 million.
• Several hedge funds, including Wellington Management Group and Capital Fund Management S.A., significantly increased their stakes in FTAI Aviation, indicating strong interest from institutional investors who now own 88.96% of the stock.
• The latest earnings report showed FTAI Aviation exceeded earnings expectations with an EPS of $1.57, and the company also announced a quarterly dividend of $0.30, highlighting its financial strength.

T. Rowe Price Investment Management Inc. raised its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 30.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 964,529 shares of the financial services provider's stock after buying an additional 225,920 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 0.94% of FTAI Aviation worth $107,092,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Virtus Fund Advisers LLC acquired a new stake in FTAI Aviation during the fourth quarter worth about $26,000. Transce3nd LLC acquired a new stake in FTAI Aviation during the fourth quarter worth about $29,000. Kapitalo Investimentos Ltda acquired a new stake in FTAI Aviation during the fourth quarter worth about $30,000. Versant Capital Management Inc grew its holdings in FTAI Aviation by 420.9% during the first quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock worth $25,000 after acquiring an additional 181 shares during the period. Finally, Rakuten Securities Inc. acquired a new stake in FTAI Aviation during the first quarter worth about $34,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on FTAI. Morgan Stanley raised their target price on FTAI Aviation from $138.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. Royal Bank Of Canada raised their price objective on FTAI Aviation from $130.00 to $160.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Citigroup reissued a "buy" rating on shares of FTAI Aviation in a report on Thursday, July 10th. JMP Securities raised their price objective on FTAI Aviation from $180.00 to $205.00 and gave the company a "market outperform" rating in a report on Wednesday, August 6th. Finally, BTIG Research lifted their price target on FTAI Aviation from $190.00 to $230.00 and gave the stock a "buy" rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, FTAI Aviation currently has a consensus rating of "Buy" and an average price target of $182.83.

FTAI Aviation Stock Performance

Shares of NASDAQ:FTAI traded up $1.10 on Monday, hitting $148.81. 1,129,589 shares of the company's stock were exchanged, compared to its average volume of 2,257,003. FTAI Aviation Ltd. has a 1-year low of $75.06 and a 1-year high of $181.64. The company has a market capitalization of $15.26 billion, a PE ratio of 36.83 and a beta of 1.61. The firm's 50-day moving average is $126.11 and its 200 day moving average is $116.50.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last posted its earnings results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share for the quarter, beating 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 the consensus estimate of $754.75 million. During the same period in the previous year, the business earned ($2.26) EPS. The business's quarterly revenue was up 52.4% on a year-over-year basis. On average, analysts anticipate 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 0.8%. The ex-dividend date of this dividend was Tuesday, August 12th. FTAI Aviation's dividend payout ratio is 29.70%.

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.