Tejara Capital Ltd Makes New Investment in FTAI Aviation Ltd. (NASDAQ:FTAI)

Tejara Capital Ltd acquired a new position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 43,000 shares of the financial services provider’s stock, valued at approximately $4,774,000. FTAI Aviation makes up 1.8% of Tejara Capital Ltd’s holdings, making the stock its 12th largest position.

Several other large investors also recently bought and sold shares of the company. Amalgamated Bank boosted its holdings in shares of FTAI Aviation by 3.5% during the 1st quarter. Amalgamated Bank now owns 3,518 shares of the financial services provider’s stock worth $391,000 after purchasing an additional 120 shares during the last quarter. Scotia Capital Inc. boosted its holdings in shares of FTAI Aviation by 0.5% during the 1st quarter. Scotia Capital Inc. now owns 25,428 shares of the financial services provider’s stock worth $2,823,000 after purchasing an additional 122 shares during the last quarter. AE Wealth Management LLC boosted its holdings in shares of FTAI Aviation by 6.3% during the 1st quarter. AE Wealth Management LLC now owns 2,430 shares of the financial services provider’s stock worth $270,000 after purchasing an additional 145 shares during the last quarter. Virtus Fund Advisers LLC acquired a new position in shares of FTAI Aviation during the 4th quarter worth approximately $26,000. Finally, Versant Capital Management Inc boosted its holdings in shares of FTAI Aviation by 420.9% during the 1st quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 181 shares during the last quarter. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Aviation Stock Down 0.8%

Shares of NASDAQ:FTAI opened at $144.90 on Friday. The company has a market cap of $14.86 billion, a P/E ratio of 35.87 and a beta of 1.61. FTAI Aviation Ltd. has a 52 week low of $75.06 and a 52 week high of $181.64. The company has a 50-day moving average price of $123.72 and a 200 day moving average price of $114.84.

FTAI Aviation (NASDAQ:FTAI) last announced 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. The firm had revenue of $676.24 million during the quarter, compared to the consensus estimate of $754.75 million. FTAI Aviation had a net margin of 21.31% and a return on equity of 465.13%. The firm’s revenue was up 52.4% compared to the same quarter last year. During the same quarter last year, the firm earned ($2.26) earnings per share. Analysts expect that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 19th. Stockholders of record on Tuesday, August 12th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, August 12th. FTAI Aviation’s dividend payout ratio (DPR) is presently 29.70%.

Wall Street Analyst Weigh In

FTAI has been the topic of several recent research reports. Citigroup restated a “buy” rating on shares of FTAI Aviation in a report on Thursday, July 10th. Barclays decreased their price objective on FTAI Aviation from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday, May 1st. JMP Securities upped their price objective on FTAI Aviation from $180.00 to $205.00 and gave the company a “market outperform” rating in a report on Wednesday, August 6th. Wall Street Zen upgraded FTAI Aviation from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Finally, Stifel Nicolaus upgraded FTAI Aviation from a “hold” rating to a “buy” rating and set a $123.00 price objective on the stock in a report on Friday, May 2nd. Thirteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, FTAI Aviation presently has an average rating of “Buy” and a consensus target price of $176.42.

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.