27,475 Shares in FTAI Aviation Ltd. (NYSE:FTAI) Bought by Intech Investment Management LLC

Intech Investment Management LLC purchased a new position in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 27,475 shares of the financial services provider's stock, valued at approximately $3,651,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Foundations Investment Advisors LLC increased its position in FTAI Aviation by 5.8% in the 3rd quarter. Foundations Investment Advisors LLC now owns 2,645 shares of the financial services provider's stock valued at $352,000 after acquiring an additional 145 shares during the period. Farther Finance Advisors LLC increased its position in FTAI Aviation by 118.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 189 shares during the period. KBC Group NV increased its position in FTAI Aviation by 8.2% in the 3rd quarter. KBC Group NV now owns 2,705 shares of the financial services provider's stock valued at $359,000 after acquiring an additional 206 shares during the period. Hsbc Holdings PLC boosted its stake in shares of FTAI Aviation by 2.0% in the 2nd quarter. Hsbc Holdings PLC now owns 11,255 shares of the financial services provider's stock valued at $1,163,000 after purchasing an additional 216 shares during the last quarter. Finally, Xponance Inc. boosted its stake in shares of FTAI Aviation by 4.1% in the 2nd quarter. Xponance Inc. now owns 6,275 shares of the financial services provider's stock valued at $648,000 after purchasing an additional 248 shares during the last quarter. Institutional investors own 88.96% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on FTAI shares. Benchmark increased their target price on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Barclays increased their target price on shares of FTAI Aviation from $110.00 to $135.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. Citigroup increased their target price on shares of FTAI Aviation from $134.00 to $165.00 and gave the stock a "buy" rating in a research note on Monday, October 28th. Deutsche Bank Aktiengesellschaft increased their target price on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $160.00 target price on shares of FTAI Aviation in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $162.09.

FTAI Aviation Trading Down 0.7 %

FTAI Aviation stock traded down $1.25 during midday trading on Friday, hitting $173.71. The stock had a trading volume of 1,203,150 shares, compared to its average volume of 1,206,728. The firm's fifty day moving average is $144.37 and its two-hundred day moving average is $115.87. The company has a market capitalization of $17.81 billion, a PE ratio of -1,736.93 and a beta of 2.04. FTAI Aviation Ltd. has a 52-week low of $40.29 and a 52-week high of $177.18.

FTAI Aviation (NYSE:FTAI - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.01). FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The business had revenue of $465.80 million during the quarter, compared to the consensus estimate of $422.45 million. During the same quarter in the previous year, the company earned $0.33 earnings per share. The company's revenue for the quarter was up 60.0% compared to the same quarter last year. As a group, equities research analysts predict that FTAI Aviation Ltd. will post 2.21 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.69%. FTAI Aviation's dividend payout ratio is currently -1,199.88%.

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.