Franklin Resources Inc. Has $54.69 Million Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Franklin Resources Inc. increased its position in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 102.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 411,476 shares of the financial services provider's stock after buying an additional 208,613 shares during the quarter. Franklin Resources Inc. owned 0.40% of FTAI Aviation worth $54,685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in FTAI Aviation by 2.7% in the third quarter. Geode Capital Management LLC now owns 2,386,325 shares of the financial services provider's stock valued at $317,202,000 after acquiring an additional 61,897 shares in the last quarter. State Street Corp boosted its holdings in shares of FTAI Aviation by 1.7% in the third quarter. State Street Corp now owns 2,325,049 shares of the financial services provider's stock worth $308,999,000 after buying an additional 38,279 shares during the last quarter. Westfield Capital Management Co. LP lifted its position in shares of FTAI Aviation by 87.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider's stock valued at $220,618,000 after buying an additional 773,017 shares in the last quarter. Two Sigma Advisers LP increased its stake in FTAI Aviation by 10.0% in the 3rd quarter. Two Sigma Advisers LP now owns 1,048,600 shares of the financial services provider's stock worth $139,359,000 after buying an additional 95,200 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in FTAI Aviation by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,047,572 shares of the financial services provider's stock valued at $139,222,000 after purchasing an additional 35,888 shares during the period. Institutional investors own 88.96% of the company's stock.

FTAI Aviation Trading Down 0.4 %

NYSE:FTAI traded down $0.49 during mid-day trading on Tuesday, hitting $130.15. The company had a trading volume of 1,842,924 shares, compared to its average volume of 1,063,037. The business has a fifty day simple moving average of $151.98 and a 200-day simple moving average of $124.68. The firm has a market capitalization of $13.35 billion, a price-to-earnings ratio of -1,301.50 and a beta of 2.06. FTAI Aviation Ltd. has a 1 year low of $44.15 and a 1 year high of $177.18.

FTAI Aviation (NYSE:FTAI - Get Free Report) last released 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 during the quarter, compared to analyst estimates of $422.45 million. FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The firm's revenue was up 60.0% on a year-over-year basis. During the same period last year, the business earned $0.33 EPS. As a group, research analysts anticipate that FTAI Aviation Ltd. will post 2.21 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Thursday, November 14th. FTAI Aviation's dividend payout ratio (DPR) is currently -1,200.00%.

Analyst Ratings Changes

A number of brokerages have commented on FTAI. Benchmark upped 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. Royal Bank of Canada reissued an "outperform" rating and issued a $160.00 price target on shares of FTAI Aviation in a report on Friday, November 1st. Morgan Stanley reissued an "underperform" rating on shares of FTAI Aviation in a report on Friday, October 18th. BTIG Research began coverage on FTAI Aviation in a report on Monday, August 26th. They issued a "buy" rating and a $140.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, FTAI Aviation currently has an average rating of "Moderate Buy" and an average price target of $168.45.

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.