FTAI Aviation Ltd. $FTAI Shares Bought by Ethic Inc.

Ethic Inc. raised its stake in FTAI Aviation Ltd. (NASDAQ:FTAI) by 21.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,452 shares of the financial services provider’s stock after buying an additional 2,729 shares during the quarter. Ethic Inc.’s holdings in FTAI Aviation were worth $2,581,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of FTAI. Baird Financial Group Inc. grew its holdings in shares of FTAI Aviation by 619.2% in the second quarter. Baird Financial Group Inc. now owns 89,672 shares of the financial services provider’s stock valued at $24,259,000 after purchasing an additional 77,203 shares during the period. Mediolanum International Funds Ltd purchased a new position in FTAI Aviation during the first quarter worth about $1,313,000. Generate Investment Management Ltd purchased a new position in FTAI Aviation during the third quarter worth about $16,703,000. State Street Corp raised its stake in FTAI Aviation by 2.5% during the second quarter. State Street Corp now owns 3,083,589 shares of the financial services provider’s stock worth $834,203,000 after purchasing an additional 75,452 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new position in FTAI Aviation in the 3rd quarter valued at about $6,310,000. 88.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on FTAI shares. Barclays dropped their price target on shares of FTAI Aviation from $350.00 to $310.00 and set an “overweight” rating for the company in a research note on Tuesday, September 15th. Citizens Jmp assumed coverage on shares of FTAI Aviation in a report on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 price target for the company. Morgan Stanley reduced their price target on shares of FTAI Aviation from $360.00 to $310.00 and set an “overweight” rating on the stock in a research report on Friday, October 16th. Jefferies Financial Group reiterated a “buy” rating and issued a $325.00 price objective on shares of FTAI Aviation in a report on Sunday, August 2nd. Finally, Royal Bank Of Canada lowered their price objective on FTAI Aviation from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Wednesday, October 28th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, FTAI Aviation presently has an average rating of “Moderate Buy” and an average price target of $304.38.

FTAI Aviation Stock Up 1.6%

Shares of NASDAQ FTAI opened at $191.08 on Thursday. The company has a quick ratio of 1.31, a current ratio of 3.82 and a debt-to-equity ratio of 7.97. The business’s 50 day moving average is $177.28 and its two-hundred day moving average is $228.56. FTAI Aviation Ltd. has a 52-week low of $146.48 and a 52-week high of $323.51. The firm has a market cap of $19.54 billion, a price-to-earnings ratio of 38.76, a PEG ratio of 0.95 and a beta of 1.55.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings results on Thursday, October 29th. The financial services provider reported $1.43 EPS for the quarter, topping the consensus estimate of $1.31 by $0.12. FTAI Aviation had a return on equity of 132.04% and a net margin of 15.46%. The business had revenue of $977.66 million during the quarter. During the same quarter in the prior year, the business earned $1.10 earnings per share. The company’s quarterly revenue was up 46.6% on a year-over-year basis. Research analysts predict that FTAI Aviation Ltd. will post 5.37 EPS for the current year.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 23rd. Investors of record on Tuesday, November 10th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $2.00 annualized dividend and a yield of 1.0%. FTAI Aviation’s dividend payout ratio is presently 40.57%.

About FTAI Aviation

FTAI Aviation owns and manages a portfolio of commercial jet engines and aircraft, which it leases to airlines and other aviation customers around the world. Its business focuses on mid-life equipment, providing customers with access to engines and aircraft without requiring them to own those assets outright. The company also supports its leasing operations with maintenance, repair and overhaul services, as well as the sale and exchange of engine modules and parts. Its work is particularly focused on the CFM56 and V2500 engine families, which are widely used on commercial aircraft.