Wrapmanager Inc. Buys Shares of 1,924 FTAI Aviation Ltd. (NYSE:FTAI)

Wrapmanager Inc. purchased a new position in shares of FTAI Aviation Ltd. (NYSE:FTAI) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,924 shares of the financial services provider’s stock, valued at approximately $256,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Arcadia Investment Management Corp MI bought a new position in FTAI Aviation in the 2nd quarter worth $33,000. Farther Finance Advisors LLC lifted its position in shares of FTAI Aviation by 118.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock valued at $46,000 after buying an additional 189 shares in the last quarter. Ridgewood Investments LLC purchased a new position in shares of FTAI Aviation during the 2nd quarter valued at about $59,000. EverSource Wealth Advisors LLC grew its stake in shares of FTAI Aviation by 165.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,875 shares of the financial services provider’s stock valued at $202,000 after acquiring an additional 1,790 shares during the period. Finally, RiverPark Advisors LLC bought a new stake in FTAI Aviation during the 2nd quarter worth approximately $202,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Performance

Shares of FTAI opened at $171.02 on Wednesday. FTAI Aviation Ltd. has a fifty-two week low of $40.29 and a fifty-two week high of $171.36. The stock has a market capitalization of $17.54 billion, a PE ratio of -1,710.03 and a beta of 2.04. The company’s fifty day moving average is $141.22 and its 200 day moving average is $113.86.

FTAI Aviation (NYSE:FTAI) last issued 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). The company had revenue of $465.80 million for the quarter, compared to the consensus estimate of $422.45 million. FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The company’s revenue was up 60.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.33 earnings per share. As a group, research analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 0.70%. FTAI Aviation’s payout ratio is presently -1,199.88%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Citigroup upped 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. Benchmark increased their price target on FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Morgan Stanley reissued an “underperform” rating on shares of FTAI Aviation in a report on Friday, October 18th. BTIG Research started coverage on FTAI Aviation in a research report on Monday, August 26th. They set a “buy” rating and a $140.00 target price for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $160.00 price target on shares of FTAI Aviation in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $162.09.

FTAI Aviation Company 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.