3,578 Shares in FTAI Aviation Ltd. (NYSE:FTAI) Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC bought a new position in FTAI Aviation Ltd. (NYSE:FTAI) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 3,578 shares of the financial services provider’s stock, valued at approximately $369,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Principal Financial Group Inc. boosted its holdings in FTAI Aviation by 107.6% during the 4th quarter. Principal Financial Group Inc. now owns 98,096 shares of the financial services provider’s stock valued at $4,552,000 after acquiring an additional 50,834 shares during the period. ClariVest Asset Management LLC purchased a new stake in shares of FTAI Aviation during the first quarter worth about $1,802,000. Price T Rowe Associates Inc. MD lifted its position in FTAI Aviation by 1,488.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider’s stock worth $58,415,000 after acquiring an additional 813,311 shares during the period. Orchard Capital Management LLC boosted its holdings in shares of FTAI Aviation by 4.4% in the 4th quarter. Orchard Capital Management LLC now owns 314,708 shares of the financial services provider’s stock valued at $14,602,000 after acquiring an additional 13,268 shares during the last quarter. Finally, Entropy Technologies LP purchased a new stake in FTAI Aviation in the 1st quarter worth approximately $340,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Wall Street Analyst Weigh In

FTAI has been the topic of a number of recent analyst reports. Benchmark increased their target price on FTAI Aviation from $100.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Morgan Stanley raised their target price on FTAI Aviation from $105.00 to $140.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Compass Point raised their price objective on FTAI Aviation from $88.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Citigroup raised their price target on FTAI Aviation from $81.00 to $99.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Finally, Royal Bank of Canada raised their price target on shares of FTAI Aviation from $120.00 to $143.00 and gave the company an “outperform” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, FTAI Aviation has a consensus rating of “Moderate Buy” and an average price target of $126.09.

FTAI Aviation Stock Up 0.1 %

Shares of FTAI stock opened at $130.39 on Monday. The stock has a 50-day simple moving average of $113.52 and a 200 day simple moving average of $91.16. FTAI Aviation Ltd. has a fifty-two week low of $32.66 and a fifty-two week high of $132.94. The stock has a market capitalization of $13.07 billion, a P/E ratio of 59.54 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.14). The firm had revenue of $443.59 million for the quarter, compared to analyst estimates of $361.92 million. FTAI Aviation had a negative net margin of 1.50% and a positive return on equity of 180.68%. On average, sell-side analysts anticipate that FTAI Aviation Ltd. will post 2.13 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Monday, August 12th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Monday, August 12th. FTAI Aviation’s dividend payout ratio (DPR) is presently 54.79%.

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.