Joel Isaacson & Co. LLC Increases Stock Holdings in FTAI Aviation Ltd. $FTAI

Joel Isaacson & Co. LLC lifted its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,172 shares of the financial services provider’s stock after purchasing an additional 600 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in FTAI Aviation were worth $4,851,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Virtus Advisers LLC purchased a new position in FTAI Aviation during the 1st quarter worth $29,000. Rakuten Securities Inc. purchased a new stake in shares of FTAI Aviation in the first quarter valued at about $34,000. Parallel Advisors LLC increased its stake in shares of FTAI Aviation by 78.5% during the second quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 135 shares during the period. Rossby Financial LCC purchased a new position in FTAI Aviation during the first quarter worth about $45,000. Finally, GAMMA Investing LLC boosted its holdings in FTAI Aviation by 124.1% in the 1st quarter. GAMMA Investing LLC now owns 428 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 237 shares in the last quarter. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Aviation Trading Up 1.0%

FTAI Aviation stock opened at $171.46 on Tuesday. The stock has a 50-day moving average price of $155.86 and a 200 day moving average price of $127.35. FTAI Aviation Ltd. has a 52 week low of $75.06 and a 52 week high of $184.44. The stock has a market cap of $17.59 billion, a PE ratio of 42.44 and a beta of 1.70.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.24. The company had revenue of $676.24 million for the quarter, compared to analysts’ expectations 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 for the quarter was up 52.4% compared to the same quarter last year. During the same period last year, the company earned ($2.26) EPS. On average, equities analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

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

Analyst Upgrades and Downgrades

FTAI has been the subject of several recent analyst reports. Barclays raised their price target on FTAI Aviation from $150.00 to $195.00 and gave the company an “overweight” rating in a report on Thursday. Zacks Research upgraded shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 20th. JMP Securities lifted their price target on shares of FTAI Aviation from $180.00 to $205.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 6th. Citigroup reissued a “buy” rating on shares of FTAI Aviation in a research note on Thursday, July 10th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of FTAI Aviation in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, FTAI Aviation presently has an average rating of “Buy” and an average target price of $191.73.

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.