TD Asset Management Inc Raises Holdings in FTAI Aviation Ltd. $FTAI

TD Asset Management Inc lifted its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI) by 44.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,494 shares of the financial services provider’s stock after buying an additional 6,622 shares during the period. TD Asset Management Inc’s holdings in FTAI Aviation were worth $3,586,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Mather Group LLC. acquired a new stake in shares of FTAI Aviation in the third quarter valued at approximately $28,000. Global Retirement Partners LLC raised its holdings in shares of FTAI Aviation by 880.0% in the 3rd quarter. Global Retirement Partners LLC now owns 343 shares of the financial services provider’s stock valued at $57,000 after buying an additional 308 shares during the period. Assetmark Inc. lifted its position in shares of FTAI Aviation by 15.8% during the second quarter. Assetmark Inc. now owns 638 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 87 shares in the last quarter. GAMMA Investing LLC lifted its holdings in FTAI Aviation by 22.7% during the 3rd quarter. GAMMA Investing LLC now owns 525 shares of the financial services provider’s stock worth $88,000 after buying an additional 97 shares in the last quarter. Finally, Rossby Financial LCC boosted its holdings in FTAI Aviation by 13.6% in the third quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 65 shares during the period. Institutional investors and hedge funds own 88.96% of the company’s stock.

FTAI Aviation Trading Down 5.5%

FTAI Aviation stock opened at $281.75 on Wednesday. The stock has a 50-day moving average price of $260.72 and a 200 day moving average price of $199.73. FTAI Aviation Ltd. has a 52 week low of $81.45 and a 52 week high of $323.51. The stock has a market cap of $28.90 billion, a PE ratio of 60.98 and a beta of 1.50.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.14). The firm had revenue of $662.03 million for the quarter, compared to analyst estimates of $710.37 million. FTAI Aviation had a return on equity of 337.39% and a net margin of 19.98%.During the same period in the prior year, the business earned $0.84 earnings per share. FTAI Aviation’s revenue for the quarter was up 32.7% on a year-over-year basis. On average, equities analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 23rd. Stockholders of record on Friday, March 13th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, March 13th. FTAI Aviation’s dividend payout ratio is presently 30.30%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Royal Bank Of Canada boosted their price target on shares of FTAI Aviation from $270.00 to $350.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Wolfe Research reaffirmed an “outperform” rating and issued a $225.00 target price on shares of FTAI Aviation in a report on Wednesday, December 31st. Barclays increased their target price on shares of FTAI Aviation from $260.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Morgan Stanley upped their price objective on FTAI Aviation from $220.00 to $266.00 and gave the company an “overweight” rating in a research note on Tuesday, January 6th. Finally, Citizens Jmp lifted their target price on FTAI Aviation from $230.00 to $325.00 and gave the company a “market outperform” rating in a research note on Thursday, January 29th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $292.22.

About FTAI Aviation

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.