Two Sigma Advisers LP Increases Position in FTAI Aviation Ltd. (NYSE:FTAI)

Two Sigma Advisers LP increased its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 10.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,048,600 shares of the financial services provider’s stock after buying an additional 95,200 shares during the quarter. Two Sigma Advisers LP owned about 1.02% of FTAI Aviation worth $139,359,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FTAI. Brown Brothers Harriman & Co. acquired a new position in FTAI Aviation in the 3rd quarter valued at $26,000. Arcadia Investment Management Corp MI acquired a new position in shares of FTAI Aviation during the second quarter worth about $33,000. Farther Finance Advisors LLC raised its holdings 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 worth $46,000 after purchasing an additional 189 shares in the last quarter. Ridgewood Investments LLC acquired a new stake in FTAI Aviation in the second quarter valued at about $59,000. Finally, Raymond James Trust N.A. purchased a new stake in FTAI Aviation in the 3rd quarter valued at approximately $200,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FTAI. Jefferies Financial Group increased their target price on FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Morgan Stanley reiterated an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. Benchmark boosted their target price on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock 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 company a “buy” rating in a report on Monday, October 28th. Finally, Barclays boosted their price objective on shares of FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, FTAI Aviation presently has an average rating of “Moderate Buy” and a consensus price target of $166.18.

FTAI Aviation Price Performance

Shares of FTAI opened at $158.35 on Friday. FTAI Aviation Ltd. has a 1-year low of $41.37 and a 1-year high of $177.18. The firm has a 50 day simple moving average of $151.05 and a 200-day simple moving average of $120.80. The stock has a market cap of $16.24 billion, a price-to-earnings ratio of -1,583.34 and a beta of 2.06.

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 analysts’ consensus estimates of $0.77 by ($0.01). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The firm had revenue of $465.80 million during the quarter, compared to analyst estimates of $422.45 million. During the same period in the prior year, the firm earned $0.33 EPS. The business’s quarterly revenue was up 60.0% on a year-over-year basis. On average, equities analysts expect that FTAI Aviation Ltd. will post 2.21 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 0.76%. FTAI Aviation’s dividend payout ratio (DPR) is presently -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.