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

WCM Investment Management LLC raised its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 6.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 258,801 shares of the financial services provider’s stock after purchasing an additional 16,718 shares during the period. WCM Investment Management LLC’s holdings in FTAI Aviation were worth $30,694,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Virtus Advisers LLC purchased a new stake in FTAI Aviation during the first quarter valued at about $29,000. Rakuten Securities Inc. purchased a new stake in FTAI Aviation during the first quarter valued at about $34,000. Parallel Advisors LLC raised its position in FTAI Aviation by 78.5% during the second quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 135 shares in the last quarter. Rossby Financial LCC purchased a new stake in FTAI Aviation during the first quarter valued at about $45,000. Finally, GAMMA Investing LLC increased its holdings in shares of FTAI Aviation by 124.1% in the first quarter. GAMMA Investing LLC now owns 428 shares of the financial services provider’s stock worth $48,000 after buying an additional 237 shares during the period. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Zacks Research upgraded FTAI Aviation from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 20th. Morgan Stanley lifted their price objective on FTAI Aviation from $138.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of FTAI Aviation in a report on Wednesday, October 8th. JMP Securities lifted their price objective on FTAI Aviation from $180.00 to $205.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 6th. Finally, Citigroup reiterated a “buy” rating on shares of FTAI Aviation in a report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, FTAI Aviation presently has a consensus rating of “Buy” and an average target price of $201.25.

FTAI Aviation Price Performance

Shares of NASDAQ:FTAI opened at $174.16 on Thursday. FTAI Aviation Ltd. has a 1 year low of $75.06 and a 1 year high of $184.44. The company has a market cap of $17.86 billion, a PE ratio of 43.11 and a beta of 1.70. The stock’s 50-day moving average is $160.58 and its 200 day moving average is $129.84.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.24. FTAI Aviation had a return on equity of 465.13% and a net margin of 21.31%.The company had revenue of $676.24 million for the quarter, compared to the consensus estimate of $754.75 million. During the same quarter in the previous year, the business earned ($2.26) EPS. FTAI Aviation’s revenue was up 52.4% compared to the same quarter last year. Analysts expect that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Investors of record on Tuesday, August 12th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Tuesday, August 12th. FTAI Aviation’s payout ratio is currently 29.70%.

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.