FTAI Aviation Ltd. $FTAI Shares Acquired by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management increased its stake in FTAI Aviation Ltd. to approximately $30.92 million, representing a 3.2% growth with a total of 278,519 shares as of the latest SEC filing.
• FTAI Aviation reported earnings of $1.57 EPS for the quarter, surpassing estimates, while revenue decreased to $676.24 million compared to the anticipated $754.75 million.
• The firm recently declared a quarterly dividend of $0.30 per share, yielding 0.7%, with a payout ratio of 29.70%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 3.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 278,519 shares of the financial services provider's stock after purchasing an additional 8,549 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.27% of FTAI Aviation worth $30,924,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Zimmer Partners LP purchased a new position in FTAI Aviation during the first quarter valued at $9,993,000. Empowered Funds LLC raised its position in shares of FTAI Aviation by 28.4% in the first quarter. Empowered Funds LLC now owns 52,347 shares of the financial services provider's stock worth $5,812,000 after acquiring an additional 11,577 shares during the period. Fred Alger Management LLC raised its stake in FTAI Aviation by 85.0% in the 1st quarter. Fred Alger Management LLC now owns 546,765 shares of the financial services provider's stock valued at $60,707,000 after purchasing an additional 251,161 shares during the last quarter. Redwood Investments LLC increased its holdings in shares of FTAI Aviation by 58.9% during the 1st quarter. Redwood Investments LLC now owns 70,082 shares of the financial services provider's stock worth $7,781,000 after buying an additional 25,967 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of FTAI Aviation by 23.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 832,984 shares of the financial services provider's stock worth $92,486,000 after purchasing an additional 156,019 shares during the period. Hedge funds and other institutional investors own 88.96% of the company's stock.

FTAI Aviation Stock Up 0.4%

FTAI Aviation stock traded up $0.72 during mid-day trading on Friday, reaching $178.89. 1,312,630 shares of the company's stock were exchanged, compared to its average volume of 1,095,911. The firm has a market capitalization of $18.35 billion, a PE ratio of 44.28 and a beta of 1.65. FTAI Aviation Ltd. has a one year low of $75.06 and a one year high of $181.64. The business's fifty day simple moving average is $143.03 and its 200 day simple moving average is $121.99.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.24. The business had revenue of $676.24 million during 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 465.13%. The company's revenue was up 52.4% on a year-over-year basis. During the same period in the prior year, the business posted ($2.26) earnings per share. On average, sell-side analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th were issued a $0.30 dividend. 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 is currently 29.70%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on FTAI shares. Zacks Research upgraded FTAI Aviation from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 20th. JMP Securities increased their target price on FTAI Aviation from $180.00 to $205.00 and gave the stock a "market outperform" rating in a research note on Wednesday, August 6th. Wall Street Zen cut FTAI Aviation from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Morgan Stanley raised their target price 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. Finally, Royal Bank Of Canada lifted their price objective on FTAI Aviation from $130.00 to $160.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target 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.