Arcadia Investment Management Corp MI Invests $33,000 in FTAI Aviation Ltd. (NYSE:FTAI)

Arcadia Investment Management Corp MI acquired a new stake in FTAI Aviation Ltd. (NYSE:FTAI) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 324 shares of the financial services provider’s stock, valued at approximately $33,000.

Several other institutional investors have also added to or reduced their stakes in FTAI. CWM LLC bought a new position in shares of FTAI Aviation in the fourth quarter worth about $43,000. Ridgewood Investments LLC bought a new position in FTAI Aviation in the 2nd quarter valued at approximately $59,000. USA Financial Formulas lifted its stake in FTAI Aviation by 1,684.6% in the 4th quarter. USA Financial Formulas now owns 1,624 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 1,533 shares during the last quarter. Tucker Asset Management LLC grew its stake in shares of FTAI Aviation by 726.5% during the fourth quarter. Tucker Asset Management LLC now owns 1,653 shares of the financial services provider’s stock worth $77,000 after buying an additional 1,453 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of FTAI Aviation during the fourth quarter worth $109,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Stock Down 0.6 %

FTAI traded down $0.74 during trading on Friday, reaching $118.14. 183,439 shares of the stock traded hands, compared to its average volume of 997,444. The stock’s 50-day moving average is $109.40 and its 200 day moving average is $85.64. FTAI Aviation Ltd. has a 12 month low of $32.66 and a 12 month high of $128.45. The stock has a market capitalization of $11.84 billion, a PE ratio of 54.28 and a beta of 2.03.

FTAI Aviation (NYSE:FTAI) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.14). The business had revenue of $443.59 million for the quarter, compared to the consensus estimate of $361.92 million. FTAI Aviation had a negative net margin of 1.50% and a positive return on equity of 180.68%. As a group, equities research analysts anticipate that FTAI Aviation Ltd. will post 1.29 EPS for the current year.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Monday, August 12th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend was Monday, August 12th. FTAI Aviation’s payout ratio is 54.79%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FTAI. Barclays boosted their price objective on FTAI Aviation from $80.00 to $110.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. JMP Securities upped their price objective on FTAI Aviation from $90.00 to $132.00 and gave the company a “market outperform” rating in a research note on Thursday, July 25th. Benchmark lifted their target price on shares of FTAI Aviation from $100.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Stifel Nicolaus upgraded shares of FTAI Aviation from a “hold” rating to a “buy” rating and upped their price target for the company from $69.00 to $132.00 in a research report on Friday, July 26th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of FTAI Aviation from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, FTAI Aviation currently has an average rating of “Moderate Buy” and a consensus target price of $124.00.

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.