HighTower Advisors LLC Has $5.16 Million Stock Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

HighTower Advisors LLC lowered its position in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 0.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,824 shares of the financial services provider’s stock after selling 282 shares during the quarter. HighTower Advisors LLC’s holdings in FTAI Aviation were worth $5,156,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Foundations Investment Advisors LLC grew its position in FTAI Aviation by 5.8% in the third quarter. Foundations Investment Advisors LLC now owns 2,645 shares of the financial services provider’s stock valued at $352,000 after purchasing an additional 145 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of FTAI Aviation by 118.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 189 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of FTAI Aviation in the third quarter valued at about $26,000. KBC Group NV raised its holdings in FTAI Aviation by 8.2% during the third quarter. KBC Group NV now owns 2,705 shares of the financial services provider’s stock worth $359,000 after acquiring an additional 206 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its position in FTAI Aviation by 2.0% during the second quarter. Hsbc Holdings PLC now owns 11,255 shares of the financial services provider’s stock valued at $1,163,000 after purchasing an additional 216 shares during the last quarter. 88.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on FTAI shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Citigroup lifted their price objective on shares of FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $160.00 target price on shares of FTAI Aviation in a report on Friday, November 1st. Morgan Stanley reiterated an “underperform” rating on shares of FTAI Aviation in a report on Friday, October 18th. Finally, Benchmark upped their price objective on FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two equities 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. According to data from MarketBeat, FTAI Aviation has a consensus rating of “Moderate Buy” and an average target price of $166.18.

FTAI Aviation Price Performance

FTAI stock opened at $150.00 on Wednesday. FTAI Aviation Ltd. has a fifty-two week low of $43.29 and a fifty-two week high of $177.18. The stock has a market capitalization of $15.38 billion, a price-to-earnings ratio of -1,499.85 and a beta of 2.06. The business’s fifty day moving average price is $152.31 and its two-hundred day moving average price is $122.83.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). The business had revenue of $465.80 million for the quarter, compared to the consensus estimate of $422.45 million. FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. FTAI Aviation’s revenue was up 60.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.33 earnings per share. Research analysts expect that FTAI Aviation Ltd. will post 2.21 EPS 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 paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.80%. The ex-dividend date was Thursday, November 14th. FTAI Aviation’s dividend payout ratio (DPR) is currently -1,199.88%.

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.