FTAI Aviation Ltd. $FTAI Stake Lifted by Ethic Inc.

Ethic Inc. raised its stake in FTAI Aviation Ltd. (NASDAQ:FTAI) by 21.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,452 shares of the financial services provider’s stock after acquiring an additional 2,729 shares during the quarter. Ethic Inc.’s holdings in FTAI Aviation were worth $2,581,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Meeder Asset Management Inc. grew its position 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 valued at $27,000 after buying an additional 64 shares during the period. Ancora Advisors LLC acquired a new position in shares of FTAI Aviation in the second quarter worth about $32,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of FTAI Aviation during the 2nd quarter worth about $37,000. Root Financial Partners LLC acquired a new stake in shares of FTAI Aviation during the 3rd quarter valued at about $25,000. Finally, MassMutual Private Wealth & Trust FSB acquired a new stake in shares of FTAI Aviation during the 3rd quarter valued at about $25,000. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Trading Up 1.6%

Shares of 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 stock has a market cap of $19.54 billion, a PE ratio of 38.76, a price-to-earnings-growth ratio of 0.95 and a beta of 1.55. The firm’s fifty day moving average is $177.28 and its two-hundred day moving average is $228.56. The company has a quick ratio of 1.31, a current ratio of 3.82 and a debt-to-equity ratio of 7.97.

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

FTAI Aviation Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have commented on FTAI shares. Citizens Jmp assumed coverage on FTAI Aviation in a report on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 price objective on the stock. Deutsche Bank set a $290.00 target price on FTAI Aviation in a research note on Friday, July 31st. BTIG Research reduced their target price on FTAI Aviation from $400.00 to $350.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Barclays decreased their target price on FTAI Aviation from $350.00 to $310.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 15th. Finally, Royal Bank Of Canada dropped their price target on shares of FTAI Aviation from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 28th. Eight research 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, the company has a consensus rating of “Moderate Buy” and an average price target of $304.38.

About FTAI Aviation

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.