Vantage Investment Partners LLC acquired a new stake in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 246,571 shares of the financial services provider's stock, valued at approximately $32,769,000. FTAI Aviation accounts for 2.8% of Vantage Investment Partners LLC's portfolio, making the stock its 14th largest holding. Vantage Investment Partners LLC owned 0.24% of FTAI Aviation as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Concurrent Investment Advisors LLC bought a new position in shares of FTAI Aviation during the 3rd quarter valued at approximately $498,000. Diversified Trust Co acquired a new position in shares of FTAI Aviation in the third quarter valued at about $1,738,000. Price T Rowe Associates Inc. MD boosted its position in FTAI Aviation by 1,488.2% during 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 purchasing an additional 813,311 shares in the last quarter. Entropy Technologies LP purchased a new position in FTAI Aviation during the first quarter worth approximately $340,000. Finally, SG Americas Securities LLC purchased a new position in FTAI Aviation during the first quarter worth approximately $384,000. 88.96% of the stock is currently owned by institutional investors.
FTAI Aviation Trading Down 2.0 %
Shares of FTAI traded down $3.23 during midday trading on Tuesday, reaching $161.45. The stock had a trading volume of 815,007 shares, compared to its average volume of 1,048,488. The company has a market capitalization of $16.50 billion, a price-to-earnings ratio of -1,646.64 and a beta of 2.04. FTAI Aviation Ltd. has a 12-month low of $40.01 and a 12-month high of $166.00. The company's 50-day moving average is $135.65 and its 200 day moving average is $110.10.
FTAI Aviation (NYSE:FTAI - Get Free Report) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing analysts' consensus estimates 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 return on equity of 198.02% and a net margin of 1.59%. The firm's revenue for the quarter was up 60.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 EPS. Research analysts forecast that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.
FTAI Aviation Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.74%. FTAI Aviation's payout ratio is -1,199.88%.
Analyst Ratings Changes
Several equities research analysts have issued reports on the company. Stifel Nicolaus raised FTAI Aviation from a "hold" rating to a "buy" rating and raised their target price for the stock from $69.00 to $132.00 in a research note on Friday, July 26th. Barclays lifted their target price on FTAI Aviation from $110.00 to $135.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Benchmark lifted their price target on FTAI Aviation from $150.00 to $300.00 and gave the stock a "buy" rating in a report on Friday, November 1st. JMP Securities lifted their price target on FTAI Aviation from $90.00 to $132.00 and gave the stock a "market outperform" rating in a report on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on FTAI Aviation from $125.00 to $160.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, FTAI Aviation has a consensus rating of "Moderate Buy" and a consensus price target of $162.09.
Check Out Our Latest Research Report on FTAI
About FTAI Aviation
(
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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