Zimmer Partners LP Invests $9.99 Million in FTAI Aviation Ltd. $FTAI

Key Points

• Zimmer Partners LP acquired 90,000 shares of FTAI Aviation Ltd. valued at approximately $9.99 million, representing about 0.09% of the company's stock.
• FTAI Aviation recently reported earnings of $1.57 per share, surpassing analysts' estimates of $1.33, with a revenue of $676.24 million for the quarter.
• The company declared a quarterly dividend of $0.30 per share, translating to an annualized yield of 0.7%, with a payout ratio of 29.70%.

Zimmer Partners LP acquired a new position in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 90,000 shares of the financial services provider's stock, valued at approximately $9,993,000. Zimmer Partners LP owned about 0.09% of FTAI Aviation at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Wellington Management Group LLP grew its stake in shares of FTAI Aviation by 159.6% in the first quarter. Wellington Management Group LLP now owns 2,347,633 shares of the financial services provider's stock worth $260,658,000 after acquiring an additional 1,443,440 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 worth $188,030,000 after acquiring an additional 256,800 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of FTAI Aviation by 30.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 964,529 shares of the financial services provider's stock worth $107,092,000 after acquiring an additional 225,920 shares during the last quarter. Two Sigma Investments LP grew its stake in shares of FTAI Aviation by 16.6% in the fourth quarter. Two Sigma Investments LP now owns 844,772 shares of the financial services provider's stock worth $121,681,000 after acquiring an additional 120,289 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of FTAI Aviation by 23.0% in the first quarter. Goldman Sachs Group Inc. now owns 832,984 shares of the financial services provider's stock worth $92,486,000 after acquiring an additional 156,019 shares during the last quarter. Institutional investors and hedge funds own 88.96% of the company's stock.

FTAI Aviation Stock Up 1.1%

FTAI Aviation stock traded up $1.81 on Friday, hitting $171.66. The company's stock had a trading volume of 1,015,616 shares, compared to its average volume of 1,138,173. The firm has a market cap of $17.61 billion, a P/E ratio of 42.49 and a beta of 1.65. The company has a fifty day moving average price of $136.58 and a 200-day moving average price of $120.09. FTAI Aviation Ltd. has a one year low of $75.06 and a one year high of $181.64.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last posted its earnings results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.24. FTAI Aviation had a net margin of 21.31% and a return on equity of 465.13%. The business had revenue of $676.24 million for the quarter, compared to analyst estimates of $754.75 million. During the same quarter in the prior year, the firm earned ($2.26) EPS. The firm's quarterly revenue was up 52.4% compared to the same quarter last year. Analysts anticipate that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Stockholders of record on Tuesday, August 12th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $1.20 annualized dividend and a dividend yield of 0.7%. FTAI Aviation's dividend payout ratio is presently 29.70%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on FTAI shares. Zacks Research upgraded shares of FTAI Aviation from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 20th. BTIG Research lifted their price target on shares of FTAI Aviation from $190.00 to $230.00 and gave the stock a "buy" rating in a research note on Monday, August 25th. Citigroup reissued a "buy" rating on shares of FTAI Aviation in a report on Thursday, July 10th. JMP Securities boosted their price target on shares of FTAI Aviation from $180.00 to $205.00 and gave the company a "market outperform" rating in a report on Wednesday, August 6th. Finally, Morgan Stanley boosted their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, FTAI Aviation currently has a consensus rating of "Buy" and an average target price of $182.83.

About FTAI Aviation

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.