Los Angeles Capital Management LLC Buys Shares of 8,509 FTAI Aviation Ltd. (NYSE:FTAI)

Los Angeles Capital Management LLC bought 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 Form 13F filing with the SEC. The fund bought 8,509 shares of the financial services provider's stock, valued at approximately $1,131,000.

Other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in FTAI Aviation in the 1st quarter worth $384,000. Oppenheimer & Co. Inc. acquired a new position in FTAI Aviation in the 1st quarter valued at approximately $285,000. Swiss National Bank lifted its position in shares of FTAI Aviation by 0.6% in the 1st quarter. Swiss National Bank now owns 197,792 shares of the financial services provider's stock worth $13,311,000 after acquiring an additional 1,200 shares during the period. Sei Investments Co. increased its position in shares of FTAI Aviation by 2.1% during the first quarter. Sei Investments Co. now owns 114,777 shares of the financial services provider's stock valued at $7,724,000 after purchasing an additional 2,363 shares during the period. Finally, US Bancorp DE raised its stake in shares of FTAI Aviation by 47.3% in the first quarter. US Bancorp DE now owns 10,655 shares of the financial services provider's stock valued at $717,000 after purchasing an additional 3,422 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FTAI has been the topic of a number of recent research reports. Compass Point lifted their price objective on FTAI Aviation from $118.00 to $156.00 and gave the company a "buy" rating in a report on Friday, September 27th. Stifel Nicolaus upgraded FTAI Aviation from a "hold" rating to a "buy" rating and upped their price target for the company from $69.00 to $132.00 in a research report on Friday, July 26th. StockNews.com raised FTAI Aviation to a "sell" rating in a report on Friday, August 2nd. BTIG Research started coverage on shares of FTAI Aviation in a report on Monday, August 26th. They issued a "buy" rating and a $140.00 target price on the stock. Finally, 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 report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, FTAI Aviation presently has a consensus rating of "Moderate Buy" and an average price target of $162.09.

FTAI Aviation Trading Up 0.2 %

Shares of FTAI Aviation stock traded up $0.31 during midday trading on Friday, reaching $157.96. The company had a trading volume of 393,615 shares, compared to its average volume of 1,042,352. The stock has a fifty day simple moving average of $138.16 and a 200 day simple moving average of $111.42. FTAI Aviation Ltd. has a 1-year low of $40.29 and a 1-year high of $166.00. The company has a market capitalization of $16.20 billion, a price-to-earnings ratio of -1,576.04 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI - Get Free Report) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing analysts' consensus estimates of $0.77 by ($0.01). The firm had revenue of $465.80 million for the quarter, compared to the consensus estimate of $422.45 million. FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The company's revenue was up 60.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 EPS. Sell-side analysts expect that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Announces Dividend

The firm also recently declared 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. This represents a $1.20 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Thursday, November 14th. FTAI Aviation's dividend payout ratio is -1,199.88%.

FTAI Aviation Company 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.