Savant Capital LLC Takes $772,000 Position in FTAI Aviation Ltd. $FTAI

Savant Capital LLC purchased a new stake in FTAI Aviation Ltd. (NASDAQ:FTAI) during the second quarter, according to its most recent filing with the SEC. The firm purchased 6,710 shares of the financial services provider’s stock, valued at approximately $772,000.

A number of other institutional investors have also recently bought and sold shares of FTAI. Virtus Advisers LLC bought a new stake in FTAI Aviation in the first quarter valued at approximately $29,000. Parallel Advisors LLC grew its holdings in shares of FTAI Aviation by 78.5% in the 2nd quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider’s stock valued at $35,000 after buying an additional 135 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in shares of FTAI Aviation in the 1st quarter valued at $53,000. Armstrong Advisory Group Inc. bought a new stake in shares of FTAI Aviation in the 2nd quarter valued at $60,000. Finally, Assetmark Inc. raised its stake in FTAI Aviation by 15.8% during the 2nd quarter. Assetmark Inc. now owns 638 shares of the financial services provider’s stock worth $73,000 after buying an additional 87 shares during the period. Institutional investors and hedge funds own 88.96% of the company’s stock.

FTAI Aviation Stock Performance

NASDAQ FTAI opened at $158.30 on Friday. FTAI Aviation Ltd. has a 52 week low of $75.06 and a 52 week high of $194.36. The stock’s 50 day moving average price is $170.37 and its two-hundred day moving average price is $140.72. The stock has a market capitalization of $16.24 billion, a price-to-earnings ratio of 36.14 and a beta of 1.67.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings results on Monday, October 27th. The financial services provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.09). The business had revenue of $667.06 million for the quarter, compared to the consensus estimate of $662.51 million. FTAI Aviation had a return on equity of 370.51% and a net margin of 20.82%.FTAI Aviation’s revenue was up 43.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.76 earnings per share. On average, equities research analysts forecast that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 19th. Shareholders of record on Monday, November 10th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, November 10th. FTAI Aviation’s payout ratio is presently 31.96%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on FTAI shares. BTIG Research reissued a “buy” rating and issued a $230.00 target price on shares of FTAI Aviation in a research note on Monday, October 20th. Royal Bank Of Canada boosted their price objective on FTAI Aviation from $185.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Morgan Stanley increased their target price on FTAI Aviation from $138.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of FTAI Aviation in a research note on Thursday. Finally, JMP Securities increased their price objective on shares of FTAI Aviation from $180.00 to $205.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, FTAI Aviation has a consensus rating of “Moderate Buy” and an average price target of $201.11.

Insider Buying and Selling

In other FTAI Aviation news, COO David Moreno purchased 4,354 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were purchased at an average cost of $153.89 per share, with a total value of $670,037.06. Following the transaction, the chief operating officer directly owned 4,354 shares of the company’s stock, valued at $670,037.06. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by company insiders.

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.