The Manufacturers Life Insurance Company Has $6.52 Million Stock Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

The Manufacturers Life Insurance Company reduced its stake in FTAI Aviation Ltd. (NYSE:FTAI) by 3.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,056 shares of the financial services provider’s stock after selling 1,645 shares during the period. The Manufacturers Life Insurance Company’s holdings in FTAI Aviation were worth $6,520,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. American Century Companies Inc. grew its stake in FTAI Aviation by 1,923.5% in the 2nd quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider’s stock valued at $100,423,000 after buying an additional 924,730 shares during the last quarter. Westfield Capital Management Co. LP boosted its holdings in shares of FTAI Aviation by 87.1% during the third quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock worth $220,618,000 after acquiring an additional 773,017 shares during the period. International Assets Investment Management LLC grew its position in shares of FTAI Aviation by 14,553.9% in the third quarter. International Assets Investment Management LLC now owns 564,028 shares of the financial services provider’s stock valued at $74,959,000 after purchasing an additional 560,179 shares during the last quarter. Victory Capital Management Inc. lifted its holdings 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 purchasing an additional 264,971 shares during the last quarter. Finally, Vantage Investment Partners LLC bought a new stake in FTAI Aviation in the 3rd quarter valued at $32,769,000. 88.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FTAI has been the topic of several recent research reports. Jefferies Financial Group increased their price objective on FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Barclays lifted their price objective on shares of FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday. Benchmark increased their target price on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. BTIG Research assumed coverage on shares of FTAI Aviation in a research report on Monday, August 26th. They issued a “buy” rating and a $140.00 price target for the company. Finally, Compass Point increased their price target on FTAI Aviation from $118.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, FTAI Aviation currently has a consensus rating of “Moderate Buy” and a consensus price target of $166.18.

FTAI Aviation Price Performance

NYSE FTAI opened at $158.35 on Friday. FTAI Aviation Ltd. has a fifty-two week low of $41.37 and a fifty-two week high of $177.18. The business has a fifty day moving average price of $150.41 and a two-hundred day moving average price of $120.53. The stock has a market capitalization of $16.24 billion, a PE ratio of -1,583.34 and a beta of 2.06.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings data 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 business 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 business’s quarterly revenue was up 60.0% compared to the same quarter last year. During the same period last year, the business earned $0.33 earnings per share. As a group, sell-side analysts expect that FTAI Aviation Ltd. will post 2.21 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Thursday, November 14th. FTAI Aviation’s dividend payout ratio (DPR) is presently -1,199.88%.

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.