MML Investors Services LLC Acquires 129 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

MML Investors Services LLC lifted its stake in FTAI Aviation Ltd. (NYSE:FTAI) by 6.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,166 shares of the financial services provider’s stock after purchasing an additional 129 shares during the quarter. MML Investors Services LLC’s holdings in FTAI Aviation were worth $288,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Orion Portfolio Solutions LLC boosted its holdings in FTAI Aviation by 2.9% in the third quarter. Orion Portfolio Solutions LLC now owns 3,634 shares of the financial services provider’s stock worth $483,000 after acquiring an additional 102 shares in the last quarter. Zacks Investment Management purchased a new position in shares of FTAI Aviation in the 3rd quarter worth about $277,000. Watchtower Advisors LP boosted its stake in FTAI Aviation by 185.3% in the 3rd quarter. Watchtower Advisors LP now owns 155,000 shares of the financial services provider’s stock worth $20,600,000 after purchasing an additional 100,674 shares in the last quarter. Two Sigma Advisers LP grew its position in FTAI Aviation by 10.0% during the 3rd quarter. Two Sigma Advisers LP now owns 1,048,600 shares of the financial services provider’s stock valued at $139,359,000 after purchasing an additional 95,200 shares during the last quarter. Finally, State Street Corp increased its stake in FTAI Aviation by 1.7% during the 3rd quarter. State Street Corp now owns 2,325,049 shares of the financial services provider’s stock valued at $308,999,000 after purchasing an additional 38,279 shares in the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Trading Up 1.0 %

FTAI opened at $129.38 on Thursday. The company’s 50 day moving average is $150.05 and its 200 day moving average is $126.41. The company has a market cap of $13.27 billion, a price-to-earnings ratio of -1,293.67 and a beta of 2.06. FTAI Aviation Ltd. has a 12-month low of $44.65 and a 12-month high of $177.18.

FTAI Aviation (NYSE:FTAI) last released its quarterly 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 during the quarter, compared to the consensus estimate of $422.45 million. During the same quarter in the previous year, the business posted $0.33 earnings per share. The firm’s revenue was up 60.0% on a year-over-year basis. As a group, analysts predict that FTAI Aviation Ltd. will post 2.21 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.93%. The ex-dividend date was Thursday, November 14th. FTAI Aviation’s dividend payout ratio is presently -1,200.00%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Morgan Stanley reiterated an “underperform” rating on shares of FTAI Aviation in a research note on Friday, October 18th. Benchmark increased their target price on FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Barclays boosted their price target on FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $160.00 price objective on shares of FTAI Aviation in a research report on Friday, November 1st. Finally, Citigroup boosted their target price on FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, FTAI Aviation presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.45.

FTAI Aviation 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.