Candriam S.C.A. Makes New $2.55 Million Investment in FTAI Aviation Ltd. $FTAI

Candriam S.C.A. purchased a new stake in FTAI Aviation Ltd. (NASDAQ:FTAI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 15,224 shares of the financial services provider’s stock, valued at approximately $2,552,000.

Several other institutional investors and hedge funds also recently made changes to their positions in FTAI. MassMutual Private Wealth & Trust FSB bought a new stake in shares of FTAI Aviation in the 3rd quarter valued at $25,000. Root Financial Partners LLC acquired a new stake in FTAI Aviation during the 3rd quarter worth $25,000. Meeder Asset Management Inc. lifted its holdings in FTAI Aviation by 142.2% during the first quarter. Meeder Asset Management Inc. now owns 109 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 64 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in FTAI Aviation by 55.7% during the third quarter. SBI Securities Co. Ltd. now owns 179 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 64 shares in the last quarter. Finally, Ancora Advisors LLC bought a new position in FTAI Aviation during the second quarter worth about $32,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

FTAI Aviation Price Performance

NASDAQ:FTAI opened at $191.08 on Thursday. FTAI Aviation Ltd. has a 52-week low of $146.48 and a 52-week high of $323.51. The company has a market cap of $19.54 billion, a P/E ratio of 38.76, a P/E/G ratio of 0.95 and a beta of 1.55. The company has a debt-to-equity ratio of 7.97, a quick ratio of 1.31 and a current ratio of 3.82. The stock’s 50-day simple moving average is $177.28 and its 200 day simple moving average is $228.56.

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

FTAI Aviation Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FTAI. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FTAI Aviation in a research report on Friday, October 30th. Barclays cut their price objective on FTAI Aviation from $350.00 to $310.00 and set an “overweight” rating on the stock in a report on Tuesday, September 15th. Citizens Jmp started coverage on FTAI Aviation in a research report on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 price objective for the company. Deutsche Bank set a $290.00 target price on FTAI Aviation in a research note on Friday, July 31st. Finally, Jefferies Financial Group restated a “buy” rating and set a $325.00 target price on shares of FTAI Aviation in a report on Sunday, August 2nd. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, FTAI Aviation presently has an average rating of “Moderate Buy” and a consensus price target of $304.38.

FTAI Aviation Profile

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.