Royce & Associates LP Purchases 12,097 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Royce & Associates LP lifted its holdings in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 3.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 352,627 shares of the financial services provider's stock after acquiring an additional 12,097 shares during the period. Royce & Associates LP owned approximately 0.34% of FTAI Aviation worth $46,864,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Arcadia Investment Management Corp MI bought a new position in FTAI Aviation in the 2nd quarter valued at about $33,000. Farther Finance Advisors LLC boosted its position in shares of FTAI Aviation by 118.1% during the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider's stock valued at $46,000 after buying an additional 189 shares during the last quarter. Ridgewood Investments LLC bought a new stake in FTAI Aviation during the second quarter worth $59,000. EverSource Wealth Advisors LLC grew its holdings in FTAI Aviation by 165.0% during the first quarter. EverSource Wealth Advisors LLC now owns 2,875 shares of the financial services provider's stock worth $202,000 after buying an additional 1,790 shares in the last quarter. Finally, RiverPark Advisors LLC purchased a new stake in FTAI Aviation in the 2nd quarter valued at $202,000. 88.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on FTAI. Morgan Stanley reiterated an "underperform" rating on shares of FTAI Aviation in a research note on Friday, October 18th. StockNews.com raised shares of FTAI Aviation to a "sell" rating in a research report on Friday, August 2nd. Citigroup upped their target price on FTAI Aviation from $134.00 to $165.00 and gave the company a "buy" rating in a report on Monday, October 28th. BTIG Research assumed coverage on FTAI Aviation in a research report on Monday, August 26th. They set a "buy" rating and a $140.00 price target for the company. Finally, Benchmark boosted their price objective on FTAI Aviation from $150.00 to $300.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $162.09.

FTAI Aviation Stock Up 0.5 %

FTAI Aviation stock traded up $0.79 during midday trading on Friday, reaching $158.44. The stock had a trading volume of 632,305 shares, compared to its average volume of 1,043,427. The firm has a market capitalization of $16.25 billion, a PE ratio of -1,576.04 and a beta of 2.04. FTAI Aviation Ltd. has a 12 month low of $40.29 and a 12 month high of $166.00. The firm's 50-day moving average price is $138.16 and its 200 day moving average price is $111.42.

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 (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.01). The business had revenue of $465.80 million during the quarter, compared to the consensus estimate of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The business's revenue for the quarter was up 60.0% on a year-over-year basis. During the same period last year, the firm earned $0.33 EPS. Equities research analysts expect that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

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. The ex-dividend date is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.76%. FTAI Aviation's dividend payout ratio (DPR) is presently -1,199.88%.

FTAI Aviation 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.