FTAI Aviation Ltd. $FTAI Shares Bought by Granahan Investment Management LLC

Granahan Investment Management LLC raised its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 114.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 267,372 shares of the financial services provider’s stock after buying an additional 142,477 shares during the quarter. FTAI Aviation comprises about 1.8% of Granahan Investment Management LLC’s portfolio, making the stock its 16th biggest holding. Granahan Investment Management LLC’s holdings in FTAI Aviation were worth $44,614,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Capital International Investors lifted its stake in shares of FTAI Aviation by 0.7% in the third quarter. Capital International Investors now owns 13,895,852 shares of the financial services provider’s stock worth $2,318,615,000 after buying an additional 94,383 shares in the last quarter. Capital World Investors boosted its position in FTAI Aviation by 17.3% during the third quarter. Capital World Investors now owns 6,320,565 shares of the financial services provider’s stock worth $1,054,649,000 after acquiring an additional 933,944 shares during the last quarter. Rubric Capital Management LP grew its stake in FTAI Aviation by 28.3% during the 2nd quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider’s stock valued at $390,455,000 after acquiring an additional 749,080 shares in the last quarter. Ensign Peak Advisors Inc grew its stake in FTAI Aviation by 67.4% during the 2nd quarter. Ensign Peak Advisors Inc now owns 3,075,788 shares of the financial services provider’s stock valued at $353,839,000 after acquiring an additional 1,238,294 shares in the last quarter. Finally, Frontier Capital Management Co. LLC raised its holdings in FTAI Aviation by 5.9% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,144,625 shares of the financial services provider’s stock valued at $246,718,000 after acquiring an additional 119,237 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Stock Performance

NASDAQ:FTAI opened at $222.24 on Monday. The company has a debt-to-equity ratio of 10.32, a current ratio of 5.28 and a quick ratio of 2.30. The firm has a market capitalization of $22.80 billion, a price-to-earnings ratio of 48.10, a PEG ratio of 0.90 and a beta of 1.50. The company’s 50-day moving average is $272.50 and its two-hundred day moving average is $206.20. FTAI Aviation Ltd. has a 1-year low of $81.45 and a 1-year high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.14). The firm had revenue of $662.03 million during the quarter, compared to analysts’ expectations of $710.37 million. FTAI Aviation had a net margin of 19.98% and a return on equity of 257.07%. The business’s quarterly revenue was up 32.7% on a year-over-year basis. During the same period last year, the company earned $0.84 EPS. Analysts forecast that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 13th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, March 13th. FTAI Aviation’s dividend payout ratio is presently 34.63%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on FTAI shares. Citigroup reissued an “outperform” rating on shares of FTAI Aviation in a research note on Thursday, January 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FTAI Aviation in a report on Monday, December 29th. BTIG Research lifted their price objective on FTAI Aviation from $335.00 to $340.00 and gave the stock a “buy” rating in a research report on Friday. Royal Bank Of Canada boosted their price objective on FTAI Aviation from $270.00 to $350.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Finally, Barclays upped their target price on FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $292.78.

FTAI Aviation Profile

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.