Segall Bryant & Hamill LLC Acquires 2,057 Shares of FTAI Aviation Ltd. $FTAI

Segall Bryant & Hamill LLC raised its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI) by 2.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 85,304 shares of the financial services provider’s stock after purchasing an additional 2,057 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.08% of FTAI Aviation worth $14,234,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Rubric Capital Management LP raised its position in shares of FTAI Aviation by 28.3% in the second quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider’s stock valued at $390,455,000 after buying an additional 749,080 shares in the last quarter. Ensign Peak Advisors Inc increased its stake in FTAI Aviation by 67.4% during the 2nd quarter. Ensign Peak Advisors Inc now owns 3,075,788 shares of the financial services provider’s stock worth $353,839,000 after acquiring an additional 1,238,294 shares during the period. Frontier Capital Management Co. LLC raised its holdings in FTAI Aviation by 5.9% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,144,625 shares of the financial services provider’s stock valued at $246,718,000 after acquiring an additional 119,237 shares in the last quarter. Westfield Capital Management Co. LP raised its holdings in FTAI Aviation by 11.2% in the 3rd quarter. Westfield Capital Management Co. LP now owns 2,130,241 shares of the financial services provider’s stock valued at $355,452,000 after acquiring an additional 214,830 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of FTAI Aviation during the 2nd quarter valued at $142,012,000. 88.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FTAI. BTIG Research boosted their price target on FTAI Aviation from $230.00 to $335.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Citizens Jmp raised their target price on shares of FTAI Aviation from $230.00 to $325.00 and gave the company a “market outperform” rating in a report on Thursday, January 29th. Citigroup restated an “outperform” rating on shares of FTAI Aviation in a research report on Thursday, January 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FTAI Aviation in a report on Monday, December 29th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $350.00 price objective on shares of FTAI Aviation in a research note on Monday, February 9th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, FTAI Aviation has an average rating of “Moderate Buy” and an average price target of $292.22.

FTAI Aviation Price Performance

FTAI stock opened at $281.75 on Wednesday. The company has a 50 day simple moving average of $260.72 and a 200 day simple moving average of $199.73. The stock has a market cap of $28.90 billion, a price-to-earnings ratio of 60.98 and a beta of 1.50. FTAI Aviation Ltd. has a 1 year low of $81.45 and a 1 year high of $323.51.

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

FTAI Aviation Dividend Announcement

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

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.