Natixis Advisors LLC Takes Position in FTAI Aviation Ltd. (NYSE:FTAI)

Natixis Advisors LLC bought a new position in shares of FTAI Aviation Ltd. (NYSE:FTAI) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 14,232 shares of the financial services provider’s stock, valued at approximately $1,891,000.

Several other large investors have also recently bought and sold shares of the stock. Arcadia Investment Management Corp MI bought a new position in shares of FTAI Aviation during the 2nd quarter worth about $33,000. Farther Finance Advisors LLC increased its stake in FTAI Aviation by 118.1% during the third 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 during the period. Ridgewood Investments LLC acquired a new position in FTAI Aviation in the 2nd quarter valued at approximately $59,000. D.B. Root & Company LLC bought a new stake in shares of FTAI Aviation in the 3rd quarter worth approximately $221,000. Finally, Motiv8 Investments LLC acquired a new stake in shares of FTAI Aviation during the 3rd quarter worth approximately $225,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FTAI has been the subject of several research reports. Barclays raised their target price on FTAI Aviation from $110.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Benchmark lifted their target price on shares of FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Citigroup increased their price target on shares of FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. BTIG Research began coverage on FTAI Aviation in a report on Monday, August 26th. They set a “buy” rating and a $140.00 price objective on the stock. Finally, Compass Point increased their target price on FTAI Aviation from $118.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $162.09.

FTAI Aviation Stock Performance

Shares of FTAI stock opened at $168.26 on Tuesday. FTAI Aviation Ltd. has a 52 week low of $40.29 and a 52 week high of $177.18. The stock has a market capitalization of $17.26 billion, a PE ratio of -1,682.43 and a beta of 2.04. The stock’s fifty day moving average is $145.20 and its 200-day moving average is $116.50.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings data 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 net margin of 1.59% and a return on equity of 206.25%. The company had revenue of $465.80 million during the quarter, compared to analyst estimates of $422.45 million. During the same quarter in the previous year, the business posted $0.33 EPS. The company’s revenue was up 60.0% compared to the same quarter last year. As a group, analysts forecast that FTAI Aviation Ltd. will post 2.21 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were given a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 0.71%. FTAI Aviation’s payout ratio is -1,199.88%.

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.