TD Asset Management Inc Buys 7,972 Shares of FTAI Aviation Ltd. (NASDAQ:FTAI)

Key Points

• TD Asset Management Inc increased its stake in FTAI Aviation Ltd. by 32.5%, acquiring an additional 7,972 shares, bringing its total holdings to 32,464 shares worth $3.6 million.
• FTAI Aviation posted earnings of $1.57 per share, exceeding the consensus estimate of $1.33, while its quarterly revenue of $676.24 million fell short of analyst expectations.
• The company announced a quarterly dividend of $0.30 per share, with the annualized yield standing at 0.9%, reflecting a payout ratio of 29.70%.

TD Asset Management Inc increased its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 32.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,464 shares of the financial services provider's stock after acquiring an additional 7,972 shares during the quarter. TD Asset Management Inc's holdings in FTAI Aviation were worth $3,604,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Capital International Investors increased its stake in FTAI Aviation by 39.7% in the 4th quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider's stock valued at $1,537,940,000 after buying an additional 3,034,838 shares during the last quarter. Hood River Capital Management LLC grew its position in shares of FTAI Aviation by 8.0% in the fourth quarter. Hood River Capital Management LLC now owns 2,069,824 shares of the financial services provider's stock valued at $298,137,000 after purchasing an additional 153,909 shares during the last quarter. Two Sigma Advisers LP grew its stake in shares of FTAI Aviation by 24.5% in the fourth 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 in the last quarter. Northern Trust Corp grew its position in FTAI Aviation by 7.3% during the fourth quarter. Northern Trust Corp now owns 1,035,951 shares of the financial services provider's stock worth $149,218,000 after buying an additional 70,775 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of FTAI Aviation by 35.1% in the 4th quarter. Wellington Management Group LLP now owns 904,193 shares of the financial services provider's stock valued at $130,240,000 after buying an additional 234,874 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Trading Up 3.0%

NASDAQ FTAI traded up $4.15 during trading hours on Monday, hitting $141.47. 1,163,253 shares of the company's stock were exchanged, compared to its average volume of 2,380,674. The firm has a market cap of $14.51 billion, a price-to-earnings ratio of 35.02 and a beta of 1.61. The stock has a 50-day simple moving average of $120.00 and a 200 day simple moving average of $112.40. 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 issued its earnings results 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. The business had revenue of $676.24 million for the quarter, compared to analyst estimates of $754.75 million. FTAI Aviation had a net margin of 21.31% and a return on equity of 601.23%. FTAI Aviation's revenue was up 52.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($2.26) earnings per share. On average, sell-side analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, August 12th. This represents a $1.20 annualized dividend and a yield of 0.8%. FTAI Aviation's dividend payout ratio (DPR) is 29.70%.

Analyst Ratings Changes

FTAI has been the subject of several recent analyst reports. Morgan Stanley dropped their price objective on FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Stifel Nicolaus raised shares of FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price target on the stock in a report on Friday, May 2nd. Citigroup restated a "buy" rating on shares of FTAI Aviation in a research report on Thursday, July 10th. Wall Street Zen raised FTAI Aviation from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, JMP Securities reduced their price target on FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating on the stock in a report on Thursday, May 8th. Thirteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $174.33.

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.