FTAI Aviation Ltd. (NYSE:FTAI) is Emerald Advisers LLC’s Largest Position

Emerald Advisers LLC lowered its stake in FTAI Aviation Ltd. (NYSE:FTAI) by 3.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 829,702 shares of the financial services provider’s stock after selling 33,048 shares during the quarter. FTAI Aviation comprises 3.6% of Emerald Advisers LLC’s portfolio, making the stock its largest position. Emerald Advisers LLC owned about 0.83% of FTAI Aviation worth $85,650,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of FTAI. Arcadia Investment Management Corp MI acquired a new position in FTAI Aviation in the 2nd quarter worth $33,000. Ridgewood Investments LLC acquired a new stake in FTAI Aviation during the 2nd quarter valued at approximately $59,000. USA Financial Formulas grew its stake in FTAI Aviation by 1,684.6% during the 4th quarter. USA Financial Formulas now owns 1,624 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 1,533 shares in the last quarter. Tucker Asset Management LLC increased its holdings in FTAI Aviation by 726.5% during the 4th quarter. Tucker Asset Management LLC now owns 1,653 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 1,453 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of FTAI Aviation in the 4th quarter valued at approximately $109,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Aviation Price Performance

Shares of FTAI opened at $112.55 on Friday. The company has a market cap of $11.28 billion, a P/E ratio of 51.39 and a beta of 2.04. FTAI Aviation Ltd. has a 12 month low of $32.66 and a 12 month high of $128.45. The stock has a fifty day moving average price of $109.58 and a 200 day moving average price of $86.29.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). The firm had revenue of $443.59 million during the quarter, compared to analyst estimates of $361.92 million. FTAI Aviation had a positive return on equity of 180.68% and a negative net margin of 1.50%. As a group, research analysts anticipate that FTAI Aviation Ltd. will post 1.29 earnings per share for the current year.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Monday, August 12th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.07%. FTAI Aviation’s dividend payout ratio (DPR) is presently 54.79%.

Wall Street Analysts Forecast Growth

FTAI has been the subject of a number of recent analyst reports. Royal Bank of Canada raised their price target on shares of FTAI Aviation from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Jefferies Financial Group initiated coverage on shares of FTAI Aviation in a report on Tuesday, June 25th. They set a “buy” rating and a $120.00 price objective for the company. Morgan Stanley upped their target price on shares of FTAI Aviation from $105.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. BTIG Research initiated coverage on FTAI Aviation in a research note on Monday, August 26th. They issued a “buy” rating and a $140.00 price target for the company. Finally, StockNews.com raised FTAI Aviation to a “sell” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.00.

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.