Two Sigma Advisers LP Raises Stock Position in FTAI Aviation Ltd. (NYSE:FTAI)

Two Sigma Advisers LP grew its position in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 10.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,048,600 shares of the financial services provider's stock after buying an additional 95,200 shares during the quarter. Two Sigma Advisers LP owned 1.02% of FTAI Aviation worth $139,359,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp increased its position in FTAI Aviation by 1.7% during the 3rd quarter. State Street Corp now owns 2,325,049 shares of the financial services provider's stock worth $308,999,000 after purchasing an additional 38,279 shares in the last quarter. Westfield Capital Management Co. LP increased its position in 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 worth $220,618,000 after purchasing an additional 773,017 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position 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 worth $139,222,000 after purchasing an additional 35,888 shares in the last quarter. American Century Companies Inc. increased its position in FTAI Aviation by 1,923.5% during the 2nd quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider's stock worth $100,423,000 after purchasing an additional 924,730 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in FTAI Aviation by 16.8% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 658,200 shares of the financial services provider's stock worth $87,475,000 after purchasing an additional 94,800 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Barclays boosted their target price on shares of FTAI Aviation from $135.00 to $180.00 and gave the stock an "overweight" rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Citigroup boosted their target price on shares of FTAI Aviation from $134.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, October 28th. BTIG Research started coverage on shares of FTAI Aviation in a report on Monday, August 26th. They set a "buy" rating and a $140.00 target price on the stock. Finally, Compass Point upped their price objective on shares of FTAI Aviation from $118.00 to $156.00 and gave the company a "buy" rating in a research note on Friday, September 27th. Two research 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $166.18.

FTAI Aviation Price Performance

Shares of FTAI Aviation stock traded down $1.73 during trading on Friday, reaching $156.62. 1,071,704 shares of the company traded hands, compared to its average volume of 1,039,050. FTAI Aviation Ltd. has a 1-year low of $41.45 and a 1-year high of $177.18. The company has a 50 day moving average price of $151.05 and a 200-day moving average price of $120.80. The firm has a market capitalization of $16.06 billion, a PE ratio of -1,583.34 and a beta of 2.06.

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 the consensus estimate of $0.77 by ($0.01). FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The business had revenue of $465.80 million for the quarter, compared to analyst estimates of $422.45 million. During the same quarter in the previous year, the company posted $0.33 EPS. The business's quarterly revenue was up 60.0% on a year-over-year basis. Equities research analysts expect that FTAI Aviation Ltd. will post 2.21 earnings per share for the current year.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 0.77%. FTAI Aviation's payout ratio is currently -1,199.88%.

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.