Carnegie Investment Counsel Takes Position in FTAI Aviation Ltd. (NYSE:FTAI)

Carnegie Investment Counsel acquired a new stake in FTAI Aviation Ltd. (NYSE:FTAI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,000 shares of the financial services provider’s stock, valued at approximately $532,000.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of FTAI Aviation by 6.3% in the first quarter. Vanguard Group Inc. now owns 9,040,503 shares of the financial services provider’s stock valued at $608,426,000 after buying an additional 533,381 shares during the last quarter. Capital International Investors acquired a new position in shares of FTAI Aviation in the first quarter valued at approximately $274,052,000. American Century Companies Inc. raised its position in shares of FTAI Aviation by 1,923.5% in the second quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider’s stock valued at $100,423,000 after buying an additional 924,730 shares during the last quarter. Wellington Management Group LLP raised its position in shares of FTAI Aviation by 159.1% in the fourth quarter. Wellington Management Group LLP now owns 880,084 shares of the financial services provider’s stock valued at $40,836,000 after buying an additional 540,379 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased 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 during the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

Analyst Ratings Changes

FTAI has been the subject of several research analyst reports. Royal Bank of Canada upped their price target on shares of FTAI Aviation from $120.00 to $143.00 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. Benchmark upped their price target on shares of FTAI Aviation from $100.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Stifel Nicolaus raised shares of FTAI Aviation from a “hold” rating to a “buy” rating and upped their price target for the stock from $69.00 to $132.00 in a research report on Friday, July 26th. Barclays upped their price target on shares of FTAI Aviation from $80.00 to $110.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Finally, Jefferies Financial Group upped their price target on shares of FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, FTAI Aviation presently has an average rating of “Moderate Buy” and an average price target of $134.73.

FTAI Aviation Stock Up 1.2 %

FTAI Aviation stock opened at $148.09 on Tuesday. FTAI Aviation Ltd. has a 52-week low of $32.66 and a 52-week high of $148.68. The firm has a fifty day moving average of $123.30 and a 200-day moving average of $99.64. The firm has a market capitalization of $14.85 billion, a P/E ratio of 67.62 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.14). The firm had revenue of $443.59 million during the quarter, compared to analysts’ expectations of $361.92 million. FTAI Aviation had a negative net margin of 1.50% and a positive return on equity of 180.68%. On average, research analysts expect that FTAI Aviation Ltd. will post 2.13 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Monday, August 12th were paid a $0.30 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.20 annualized dividend and a dividend yield of 0.81%. FTAI Aviation’s dividend payout ratio (DPR) is presently 54.79%.

FTAI Aviation 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.