27,475 Shares in FTAI Aviation Ltd. (NYSE:FTAI) Bought by Intech Investment Management LLC

Intech Investment Management LLC acquired a new stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 27,475 shares of the financial services provider’s stock, valued at approximately $3,651,000.

A number of other hedge funds have also recently modified their holdings of FTAI. Price T Rowe Associates Inc. MD lifted its holdings in shares of FTAI Aviation by 1,488.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider’s stock valued at $58,415,000 after purchasing an additional 813,311 shares during the last quarter. Public Employees Retirement Association of Colorado bought a new position in shares of FTAI Aviation during the first quarter valued at $775,000. Janus Henderson Group PLC raised its position in shares of FTAI Aviation by 164.2% in the 1st quarter. Janus Henderson Group PLC now owns 127,103 shares of the financial services provider’s stock worth $8,552,000 after purchasing an additional 78,991 shares during the last quarter. Castleark Management LLC boosted its stake in FTAI Aviation by 37.2% in the 1st quarter. Castleark Management LLC now owns 120,220 shares of the financial services provider’s stock worth $8,091,000 after purchasing an additional 32,570 shares in the last quarter. Finally, Cetera Advisors LLC purchased a new stake in FTAI Aviation during the 1st quarter valued at about $305,000. Institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Down 0.7 %

NYSE FTAI opened at $173.71 on Friday. The firm has a market capitalization of $17.81 billion, a P/E ratio of -1,736.93 and a beta of 2.04. The company has a 50-day moving average price of $144.37 and a 200-day moving average price of $115.61. FTAI Aviation Ltd. has a 52 week low of $40.29 and a 52 week 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, equities research analysts anticipate that FTAI Aviation Ltd. will post 2.21 EPS for the current year.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Thursday, November 14th. FTAI Aviation’s dividend payout ratio is presently -1,199.88%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. BTIG Research assumed coverage on shares of FTAI Aviation in a research note on Monday, August 26th. They issued a “buy” rating and a $140.00 target price on the stock. Deutsche Bank Aktiengesellschaft increased their target price on FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Barclays boosted their price target on FTAI Aviation from $110.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. StockNews.com raised FTAI Aviation to a “sell” rating in a research report on Friday, August 2nd. 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 research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.