Cetera Investment Advisers Buys 5,069 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Cetera Investment Advisers lifted its holdings in FTAI Aviation Ltd. (NYSE:FTAI) by 74.1% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,907 shares of the financial services provider’s stock after buying an additional 5,069 shares during the period. Cetera Investment Advisers’ holdings in FTAI Aviation were worth $1,229,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Capital International Investors purchased a new position in FTAI Aviation during the first quarter worth about $274,052,000. American Century Companies Inc. grew its holdings 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 worth $100,423,000 after acquiring an additional 924,730 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in FTAI Aviation by 1,488.2% in 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 buying an additional 813,311 shares during the period. Wellington Management Group LLP raised its holdings in FTAI Aviation by 159.1% in the 4th quarter. Wellington Management Group LLP now owns 880,084 shares of the financial services provider’s stock worth $40,836,000 after purchasing an additional 540,379 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of FTAI Aviation by 6.3% in the 1st quarter. Vanguard Group Inc. now owns 9,040,503 shares of the financial services provider’s stock worth $608,426,000 after purchasing an additional 533,381 shares during the period. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Price Performance

Shares of NYSE:FTAI opened at $145.80 on Thursday. FTAI Aviation Ltd. has a 12 month low of $32.66 and a 12 month high of $149.74. The firm has a market capitalization of $14.62 billion, a P/E ratio of 66.58 and a beta of 2.04. The company’s fifty day moving average price is $125.07 and its 200 day moving average price is $100.50.

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

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Monday, August 12th were given a dividend of $0.30 per share. The ex-dividend date was Monday, August 12th. This represents a $1.20 dividend on an annualized basis and a yield of 0.82%. FTAI Aviation’s payout ratio is 54.79%.

Analyst Ratings Changes

Several equities research analysts recently commented on FTAI shares. Stifel Nicolaus raised shares of FTAI Aviation from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $69.00 to $132.00 in a research note on Friday, July 26th. Benchmark raised their target price on FTAI Aviation from $100.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Barclays lifted their target price on FTAI Aviation from $80.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft upped their target price on shares of FTAI Aviation from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Finally, Morgan Stanley boosted their target price on FTAI Aviation from $105.00 to $140.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, FTAI Aviation presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.73.

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.