Blueshift Asset Management LLC purchased a new position in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,724 shares of the financial services provider's stock, valued at approximately $761,000.
Several other institutional investors have also bought and sold shares of the company. Foundations Investment Advisors LLC increased its stake in shares of FTAI Aviation by 5.8% in the third quarter. Foundations Investment Advisors LLC now owns 2,645 shares of the financial services provider's stock worth $352,000 after purchasing an additional 145 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings 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 worth $46,000 after buying an additional 189 shares during the period. Brown Brothers Harriman & Co. purchased a new position in FTAI Aviation in the 3rd quarter valued at approximately $26,000. KBC Group NV grew its stake 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 buying an additional 206 shares in the last quarter. Finally, Hsbc Holdings PLC raised its holdings in FTAI Aviation by 2.0% during the 2nd quarter. Hsbc Holdings PLC now owns 11,255 shares of the financial services provider's stock valued at $1,163,000 after acquiring an additional 216 shares during the period. Hedge funds and other institutional investors own 88.96% of the company's stock.
FTAI Aviation Price Performance
NYSE FTAI traded down $6.64 during trading hours on Thursday, reaching $165.32. 870,891 shares of the stock traded hands, compared to its average volume of 1,042,870. The stock has a 50 day simple moving average of $146.88 and a two-hundred day simple moving average of $117.49. FTAI Aviation Ltd. has a 1 year low of $40.29 and a 1 year high of $177.18. The company has a market cap of $16.95 billion, a price-to-earnings ratio of -1,653.03 and a beta of 2.04.
FTAI Aviation (NYSE:FTAI - Get Free Report) last announced its quarterly earnings data 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 analysts' expectations of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The business's quarterly revenue was up 60.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 earnings per share. On average, sell-side analysts forecast that FTAI Aviation Ltd. will post 2.21 EPS for the current fiscal year.
FTAI Aviation Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.73%. FTAI Aviation's payout ratio is -1,199.88%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on FTAI shares. Royal Bank of Canada reiterated an "outperform" rating and issued a $160.00 price target on shares of FTAI Aviation in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their target price on FTAI Aviation from $125.00 to $160.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Jefferies Financial Group increased their price target on shares of FTAI Aviation from $140.00 to $155.00 and gave the stock a "buy" rating in a report on Monday, September 30th. Morgan Stanley reaffirmed an "underperform" rating on shares of FTAI Aviation in a research note on Friday, October 18th. Finally, 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. Two analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, FTAI Aviation currently has a consensus rating of "Moderate Buy" and an average price target of $162.09.
View Our Latest Analysis on FTAI Aviation
FTAI Aviation Profile
(
Free Report)
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.
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