Cetera Investment Advisers Raises Stock Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Cetera Investment Advisers raised its position in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 74.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,907 shares of the financial services provider's stock after acquiring an additional 5,069 shares during the quarter. Cetera Investment Advisers' holdings in FTAI Aviation were worth $1,229,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FTAI. Capital International Investors acquired a new position in FTAI Aviation in the 1st quarter valued at $274,052,000. American Century Companies Inc. lifted its stake in shares of FTAI Aviation by 1,923.5% in the second quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider's stock worth $100,423,000 after buying an additional 924,730 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of FTAI Aviation by 1,488.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider's stock worth $58,415,000 after buying an additional 813,311 shares in the last quarter. Wellington Management Group LLP boosted its position in FTAI Aviation by 159.1% during the fourth quarter. Wellington Management Group LLP now owns 880,084 shares of the financial services provider's stock worth $40,836,000 after acquiring an additional 540,379 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in FTAI Aviation by 6.3% during the 1st quarter. Vanguard Group Inc. now owns 9,040,503 shares of the financial services provider's stock valued at $608,426,000 after acquiring an additional 533,381 shares in the last quarter. Hedge funds and other institutional investors own 88.96% of the company's stock.

Analyst Upgrades and Downgrades

FTAI has been the topic of a number of research reports. Barclays raised their target price on shares of FTAI Aviation from $80.00 to $110.00 and gave the stock an "overweight" rating in a research note on Thursday, August 8th. Royal Bank of Canada boosted their price objective on FTAI Aviation from $120.00 to $143.00 and gave the stock an "outperform" rating in a research note on Thursday, September 19th. BTIG Research began coverage on FTAI Aviation in a research note on Monday, August 26th. They issued a "buy" rating and a $140.00 target price for the company. Benchmark lifted their price target on FTAI Aviation from $100.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, August 16th. Finally, Wolfe Research cut shares of FTAI Aviation from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, FTAI Aviation presently has an average rating of "Moderate Buy" and an average target price of $134.73.

FTAI Aviation Stock Down 0.3 %

NYSE FTAI traded down $0.51 during trading hours on Thursday, hitting $145.29. 639,279 shares of the company were exchanged, compared to its average volume of 1,030,108. The firm has a market cap of $14.56 billion, a price-to-earnings ratio of 66.34 and a beta of 2.04. The company has a 50 day moving average of $125.88 and a two-hundred day moving average of $100.81. FTAI Aviation Ltd. has a 52-week low of $32.66 and a 52-week high of $149.74.

FTAI Aviation (NYSE:FTAI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.14). FTAI Aviation had a positive return on equity of 180.68% and a negative net margin of 1.50%. The firm had revenue of $443.59 million for the quarter, compared to analyst estimates of $361.92 million. On average, equities research analysts predict that FTAI Aviation Ltd. will post 2.13 EPS for the current year.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Monday, August 12th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Monday, August 12th. FTAI Aviation's dividend payout ratio (DPR) is 54.79%.

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.