Farther Finance Advisors LLC Raises Stock Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Farther Finance Advisors LLC boosted its stake in FTAI Aviation Ltd. (NYSE:FTAI) by 118.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 349 shares of the financial services provider’s stock after acquiring an additional 189 shares during the period. Farther Finance Advisors LLC’s holdings in FTAI Aviation were worth $46,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of FTAI. Arcadia Investment Management Corp MI purchased a new position in shares of FTAI Aviation during the 2nd quarter valued at $33,000. Ridgewood Investments LLC bought a new position in shares of FTAI Aviation during the second quarter valued at about $59,000. Motiv8 Investments LLC purchased a new stake in FTAI Aviation in the third quarter worth $225,000. Leisure Capital Management bought a new stake in shares of FTAI Aviation during the 3rd quarter valued at about $244,000. Finally, RiverPark Advisors LLC bought a new stake in FTAI Aviation during the 2nd quarter valued at approximately $202,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Trading Down 2.8 %

Shares of NYSE FTAI opened at $157.65 on Friday. The stock has a market capitalization of $16.11 billion, a PE ratio of -1,576.34 and a beta of 2.04. FTAI Aviation Ltd. has a 12-month low of $40.29 and a 12-month high of $166.00. The stock’s fifty day simple moving average is $138.16 and its two-hundred day simple moving average is $111.42.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.01). FTAI Aviation had a return on equity of 198.02% and a net margin of 1.59%. The firm had revenue of $465.80 million during the quarter, compared to analysts’ expectations of $422.45 million. During the same period in the prior year, the firm posted $0.33 earnings per share. FTAI Aviation’s revenue for the quarter was up 60.0% compared to the same quarter last year. On average, equities analysts predict that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be paid a $0.30 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 0.76%. FTAI Aviation’s dividend payout ratio (DPR) is -1,199.88%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. StockNews.com raised shares of FTAI Aviation to a “sell” rating in a research report on Friday, August 2nd. Compass Point upped their price objective on FTAI Aviation from $118.00 to $156.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Morgan Stanley reiterated an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft lifted their price objective on FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, Jefferies Financial Group upped their target price on shares of FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Two investment 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’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $162.09.

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.