XTX Topco Ltd Purchases New Shares in FTAI Aviation Ltd. (NASDAQ:FTAI)

Key Points

• XTX Topco Ltd has acquired a new stake in FTAI Aviation Ltd. by purchasing 6,170 shares valued at approximately $685,000 during the first quarter.
• Several large investors, including Federated Hermes Inc. and Mackenzie Financial Corp, have also increased their holdings in FTAI Aviation significantly, indicating strong institutional interest.
• FTAI Aviation recently reported an earnings per share (EPS) of $1.57, surpassing analysts' expectations, and the company announced a $0.30 quarterly dividend to be paid in August.

XTX Topco Ltd purchased a new stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,170 shares of the financial services provider's stock, valued at approximately $685,000.

A number of other large investors also recently made changes to their positions in FTAI. Federated Hermes Inc. increased its holdings in FTAI Aviation by 23.6% during the first quarter. Federated Hermes Inc. now owns 214,701 shares of the financial services provider's stock worth $23,838,000 after buying an additional 41,029 shares during the last quarter. Mackenzie Financial Corp increased its holdings in FTAI Aviation by 94.2% during the first quarter. Mackenzie Financial Corp now owns 19,745 shares of the financial services provider's stock worth $2,192,000 after buying an additional 9,578 shares during the last quarter. TD Asset Management Inc increased its holdings in FTAI Aviation by 32.5% during the first quarter. TD Asset Management Inc now owns 32,464 shares of the financial services provider's stock worth $3,604,000 after buying an additional 7,972 shares during the last quarter. Zweig DiMenna Associates LLC increased its holdings in FTAI Aviation by 58.7% during the first quarter. Zweig DiMenna Associates LLC now owns 138,200 shares of the financial services provider's stock worth $15,344,000 after buying an additional 51,140 shares during the last quarter. Finally, Avantax Advisory Services Inc. increased its holdings in FTAI Aviation by 25.0% during the first quarter. Avantax Advisory Services Inc. now owns 1,875 shares of the financial services provider's stock worth $208,000 after buying an additional 375 shares during the last quarter. 88.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

FTAI has been the subject of a number of research analyst reports. Barclays decreased their price objective on shares of FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Citigroup restated a "buy" rating on shares of FTAI Aviation in a report on Thursday, July 10th. Stifel Nicolaus upgraded shares of FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price objective for the company in a report on Friday, May 2nd. Citizens Jmp upgraded shares of FTAI Aviation to a "strong-buy" rating in a research report on Thursday, May 8th. Finally, JMP Securities cut their target price on shares of FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating for the company in a research report on Thursday, May 8th. Thirteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, FTAI Aviation has a consensus rating of "Buy" and an average price target of $174.33.

FTAI Aviation Trading Up 3.0%

FTAI stock opened at $141.47 on Tuesday. The firm has a 50 day moving average of $120.54 and a 200-day moving average of $112.60. FTAI Aviation Ltd. has a 12 month low of $75.06 and a 12 month high of $181.64. The firm has a market capitalization of $14.51 billion, a P/E ratio of 35.02 and a beta of 1.61.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released its quarterly earnings data 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. FTAI Aviation had a net margin of 21.31% and a return on equity of 601.23%. The company had revenue of $676.24 million during the quarter, compared to analyst estimates of $754.75 million. During the same period last year, the business earned ($2.26) earnings per share. FTAI Aviation's revenue was up 52.4% compared to the same quarter last year. Sell-side analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

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

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