Harvest Fund Management Co. Ltd Grows Position in FTAI Aviation Ltd. (NYSE:FTAI)

Harvest Fund Management Co. Ltd raised its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 37.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,973 shares of the financial services provider’s stock after buying an additional 2,705 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in FTAI Aviation were worth $1,325,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of FTAI. Oppenheimer & Co. Inc. boosted its position in shares of FTAI Aviation by 96.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 8,349 shares of the financial services provider’s stock valued at $1,110,000 after acquiring an additional 4,106 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new position in FTAI Aviation in the third quarter valued at about $498,000. Diversified Trust Co acquired a new position in FTAI Aviation in the third quarter valued at about $1,738,000. Price T Rowe Associates Inc. MD lifted its position in FTAI Aviation by 1,488.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider’s stock valued at $58,415,000 after buying an additional 813,311 shares during the last quarter. Finally, Carnegie Investment Counsel acquired a new position in FTAI Aviation in the third quarter valued at about $532,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Down 3.1 %

Shares of NYSE:FTAI opened at $168.26 on Tuesday. The firm’s 50 day moving average price is $145.20 and its 200 day moving average price is $116.50. The stock has a market cap of $17.26 billion, a price-to-earnings ratio of -1,682.43 and a beta of 2.04. FTAI Aviation Ltd. has a fifty-two week low of $40.29 and a fifty-two week high of $177.18.

FTAI Aviation (NYSE:FTAI) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.01). The firm had revenue of $465.80 million during the quarter, compared to analyst estimates of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The firm’s revenue was up 60.0% compared to the same quarter last year. During the same period last year, the business earned $0.33 EPS. On average, equities analysts anticipate that FTAI Aviation Ltd. will post 2.21 EPS for the current year.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 0.71%. FTAI Aviation’s payout ratio is currently -1,199.88%.

Analyst Upgrades and Downgrades

A number of research firms have commented on FTAI. Morgan Stanley reaffirmed an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft increased their price target on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Compass Point increased their price target on shares of FTAI Aviation from $118.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Barclays increased their price target on shares of FTAI Aviation from $110.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, Citigroup increased their price target on shares of FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Two analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $162.09.

About FTAI Aviation

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.