T. Rowe Price Investment Management Inc. Grows Holdings in FTAI Aviation Ltd. $FTAI

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. increased its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 30.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 964,529 shares of the financial services provider's stock after purchasing an additional 225,920 shares during the quarter. T. Rowe Price Investment Management Inc. owned 0.94% of FTAI Aviation worth $107,092,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of FTAI. Versant Capital Management Inc increased its position in shares of FTAI Aviation by 420.9% in the first quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 181 shares during the period. Virtus Fund Advisers LLC bought a new stake in shares of FTAI Aviation during the 4th quarter valued at about $26,000. Transce3nd LLC bought a new stake in shares of FTAI Aviation during the 4th quarter valued at about $29,000. Kapitalo Investimentos Ltda bought a new stake in shares of FTAI Aviation during the 4th quarter valued at about $30,000. Finally, Rakuten Securities Inc. bought a new stake in shares of FTAI Aviation during the 1st quarter valued at about $34,000. Hedge funds and other institutional investors own 88.96% of the company's stock.

FTAI Aviation Stock Up 0.1%

Shares of FTAI Aviation stock traded up $0.15 during trading hours on Wednesday, reaching $149.34. 284,452 shares of the company's stock were exchanged, compared to its average volume of 2,237,193. FTAI Aviation Ltd. has a 1 year low of $75.06 and a 1 year high of $181.64. The business has a fifty day moving average of $127.13 and a two-hundred day moving average of $116.98. The company has a market capitalization of $15.32 billion, a P/E ratio of 36.97 and a beta of 1.61.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last posted its earnings results on Tuesday, July 29th. The financial services provider reported $1.57 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.24. The company had revenue of $676.24 million for the quarter, compared to analysts' expectations of $754.75 million. FTAI Aviation had a net margin of 21.31% and a return on equity of 465.13%. FTAI Aviation'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 company posted ($2.26) earnings per share. As a group, research analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.8%. FTAI Aviation's dividend payout ratio is 29.70%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on FTAI shares. JMP Securities boosted their price objective on shares of FTAI Aviation from $180.00 to $205.00 and gave the stock a "market outperform" rating in a research note on Wednesday, August 6th. Royal Bank Of Canada boosted 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. Citizens Jmp raised shares of FTAI Aviation to a "strong-buy" rating in a report on Thursday, May 8th. Morgan Stanley upped their price target on shares of FTAI Aviation from $138.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. Finally, Wall Street Zen upgraded shares of FTAI Aviation from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. One research 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 stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target 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.