Oppenheimer & Co. Inc. Grows Position in FTAI Aviation Ltd. (NYSE:FTAI)

Oppenheimer & Co. Inc. lifted its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 96.8% in the third quarter, HoldingsChannel.com reports. The firm owned 8,349 shares of the financial services provider’s stock after acquiring an additional 4,106 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in FTAI Aviation were worth $1,110,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of FTAI. Victory Capital Management Inc. lifted its stake in FTAI Aviation by 229.9% during the 3rd quarter. Victory Capital Management Inc. now owns 380,207 shares of the financial services provider’s stock worth $50,530,000 after acquiring an additional 264,971 shares in the last quarter. GSA Capital Partners LLP acquired a new position in FTAI Aviation during the 3rd quarter worth about $260,000. Vantage Investment Partners LLC acquired a new position in FTAI Aviation during the 3rd quarter worth about $32,769,000. WCM Investment Management LLC lifted its stake in FTAI Aviation by 0.6% during the 3rd quarter. WCM Investment Management LLC now owns 321,887 shares of the financial services provider’s stock worth $41,700,000 after acquiring an additional 2,071 shares in the last quarter. Finally, Versor Investments LP acquired a new position in FTAI Aviation during the 3rd quarter worth about $286,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on FTAI. Deutsche Bank Aktiengesellschaft increased their target price on FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Compass Point increased their target price on FTAI Aviation from $118.00 to $156.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Stifel Nicolaus raised FTAI Aviation from a “hold” rating to a “buy” rating and increased their price target for the company from $69.00 to $132.00 in a research report on Friday, July 26th. Morgan Stanley reaffirmed an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. Finally, BTIG Research initiated coverage on FTAI Aviation in a research report on Monday, August 26th. They issued a “buy” rating and a $140.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $162.09.

FTAI Aviation Stock Performance

Shares of NYSE FTAI opened at $163.02 on Tuesday. FTAI Aviation Ltd. has a fifty-two week low of $40.29 and a fifty-two week high of $166.00. The firm has a market capitalization of $16.72 billion, a PE ratio of -1,630.20 and a beta of 2.04. The stock’s 50-day simple moving average is $140.08 and its 200-day simple moving average is $113.20.

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). FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The business had revenue of $465.80 million for the quarter, compared to analyst estimates of $422.45 million. During the same period last year, the business posted $0.33 EPS. FTAI Aviation’s revenue was up 60.0% on a year-over-year basis. On average, sell-side analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be paid 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 0.74%. FTAI Aviation’s dividend payout ratio is presently -1,200.00%.

FTAI Aviation Company 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.