WCM Investment Management LLC Raises Stock Holdings in FTAI Aviation Ltd. $FTAI

Key Points

• WCM Investment Management LLC increased its stake in FTAI Aviation Ltd. by 6.9% during the second quarter, now holding 258,801 shares valued at approximately $30.69 million.
• FTAI Aviation reported $1.57 earnings per share for its last quarter, exceeding estimates, along with a 52.4% year-over-year revenue growth.
• The firm declared a quarterly dividend of $0.30 per share, marking a 0.7% yield, with 29.7% dividend payout ratio.

WCM Investment Management LLC lifted its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 6.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 258,801 shares of the financial services provider's stock after acquiring an additional 16,718 shares during the quarter. WCM Investment Management LLC owned 0.25% of FTAI Aviation worth $30,694,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Amalgamated Bank increased its position in FTAI Aviation by 3.5% in the first quarter. Amalgamated Bank now owns 3,518 shares of the financial services provider's stock worth $391,000 after buying an additional 120 shares during the last quarter. Scotia Capital Inc. boosted its holdings in shares of FTAI Aviation by 0.5% in the first quarter. Scotia Capital Inc. now owns 25,428 shares of the financial services provider's stock worth $2,823,000 after acquiring an additional 122 shares during the period. Parallel Advisors LLC boosted its holdings in shares of FTAI Aviation by 78.5% in the second quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider's stock worth $35,000 after acquiring an additional 135 shares during the period. AE Wealth Management LLC boosted its holdings in shares of FTAI Aviation by 6.3% in the first quarter. AE Wealth Management LLC now owns 2,430 shares of the financial services provider's stock worth $270,000 after acquiring an additional 145 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of FTAI Aviation by 57.2% in the first quarter. Blue Trust Inc. now owns 613 shares of the financial services provider's stock worth $68,000 after acquiring an additional 223 shares during the period. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Stock Performance

NASDAQ:FTAI opened at $174.16 on Thursday. The firm has a market capitalization of $17.86 billion, a price-to-earnings ratio of 43.11 and a beta of 1.70. FTAI Aviation Ltd. has a 52-week low of $75.06 and a 52-week high of $184.44. The stock has a fifty day moving average of $160.58 and a 200 day moving average of $129.84.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $676.24 million during the quarter, compared to analyst estimates of $754.75 million. FTAI Aviation had a return on equity of 465.13% and a net margin of 21.31%.The firm's quarterly revenue was up 52.4% on a year-over-year basis. During the same quarter last year, the company earned ($2.26) earnings per share. Equities analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 19th. Investors 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 annualized dividend and a yield of 0.7%. FTAI Aviation's dividend payout ratio (DPR) is currently 29.70%.

Analyst Ratings Changes

A number of equities analysts have recently commented on FTAI shares. BTIG Research raised their price target on FTAI Aviation from $190.00 to $230.00 and gave the stock a "buy" rating in a report on Monday, August 25th. Jones Trading started coverage on FTAI Aviation in a report on Friday, October 10th. They issued a "buy" rating and a $306.00 price target for the company. Citigroup reaffirmed a "buy" rating on shares of FTAI Aviation in a report on Thursday, July 10th. Wall Street Zen raised FTAI Aviation from a "hold" rating to a "buy" rating in a report on Friday, September 26th. Finally, Morgan Stanley raised their price target on FTAI Aviation from $138.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $201.25.

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.

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