FTAI Aviation Ltd. (NYSE:FTAI) Shares Acquired by Atria Investments Inc

Atria Investments Inc grew its holdings in FTAI Aviation Ltd. (NYSE:FTAI) by 3.9% during the 3rd quarter, Holdings Channel reports. The fund owned 6,630 shares of the financial services provider’s stock after purchasing an additional 251 shares during the period. Atria Investments Inc’s holdings in FTAI Aviation were worth $881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FTAI. SG Americas Securities LLC purchased a new stake in FTAI Aviation in the first quarter valued at $384,000. Sei Investments Co. boosted its stake in shares of FTAI Aviation by 2.1% in the first quarter. Sei Investments Co. now owns 114,777 shares of the financial services provider’s stock worth $7,724,000 after buying an additional 2,363 shares during the last quarter. US Bancorp DE grew its holdings in FTAI Aviation by 47.3% during the first quarter. US Bancorp DE now owns 10,655 shares of the financial services provider’s stock worth $717,000 after acquiring an additional 3,422 shares during the period. ProShare Advisors LLC raised its position in FTAI Aviation by 8.5% during the first quarter. ProShare Advisors LLC now owns 17,898 shares of the financial services provider’s stock valued at $1,205,000 after acquiring an additional 1,408 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in FTAI Aviation by 6.3% during 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 acquiring an additional 533,381 shares in the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus raised shares of FTAI Aviation from a “hold” rating to a “buy” rating and lifted their price objective for the company from $69.00 to $132.00 in a report on Friday, July 26th. Barclays upped their price objective 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. StockNews.com upgraded FTAI Aviation to a “sell” rating in a research report on Friday, August 2nd. Finally, JMP Securities upped their price target on FTAI Aviation from $90.00 to $132.00 and gave the stock a “market outperform” rating in a report on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $162.09.

FTAI Aviation Price Performance

Shares of FTAI Aviation stock opened at $158.44 on Monday. The business has a 50 day simple moving average of $139.08 and a two-hundred day simple moving average of $112.59. The stock has a market capitalization of $16.25 billion, a P/E ratio of -1,584.40 and a beta of 2.04. FTAI Aviation Ltd. has a 12 month low of $40.29 and a 12 month high of $166.00.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The firm had revenue of $465.80 million during the quarter, compared to analysts’ expectations of $422.45 million. During the same quarter in the previous year, the business posted $0.33 EPS. The company’s revenue for the quarter was up 60.0% on a year-over-year basis. As a group, research analysts anticipate that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 0.76%. FTAI Aviation’s payout ratio is presently -1,200.00%.

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.