2,100 Shares in FTAI Aviation Ltd. (NYSE:FTAI) Purchased by PDT Partners LLC

PDT Partners LLC acquired a new position in FTAI Aviation Ltd. (NYSE:FTAI) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,100 shares of the financial services provider’s stock, valued at approximately $279,000.

Several other hedge funds have also recently bought and sold shares of the business. Westfield Capital Management Co. LP raised its stake in shares of FTAI Aviation by 87.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock worth $220,618,000 after purchasing an additional 773,017 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of FTAI Aviation by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,047,572 shares of the financial services provider’s stock worth $139,222,000 after purchasing an additional 35,888 shares in the last quarter. American Century Companies Inc. raised its stake in shares of FTAI Aviation by 1,923.5% during the 2nd quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider’s stock worth $100,423,000 after purchasing an additional 924,730 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of FTAI Aviation by 16.8% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 658,200 shares of the financial services provider’s stock worth $87,475,000 after purchasing an additional 94,800 shares in the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of FTAI Aviation by 14,553.9% during the 3rd quarter. International Assets Investment Management LLC now owns 564,028 shares of the financial services provider’s stock worth $74,959,000 after purchasing an additional 560,179 shares in the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on FTAI shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $160.00 price target on shares of FTAI Aviation in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their price target on FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Benchmark raised their price objective on FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Barclays raised their price objective on FTAI Aviation from $110.00 to $135.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, Compass Point raised their price objective on FTAI Aviation from $118.00 to $156.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $162.09.

FTAI Aviation Stock Down 3.3 %

FTAI opened at $161.22 on Wednesday. The firm has a market capitalization of $16.53 billion, a P/E ratio of -1,612.04 and a beta of 2.06. The stock’s 50 day moving average price is $149.09 and its two-hundred day moving average price is $119.64. FTAI Aviation Ltd. has a 12-month low of $41.37 and a 12-month high of $177.18.

FTAI Aviation (NYSE:FTAI) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). The business had revenue of $465.80 million during the quarter, compared to analyst estimates of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The business’s quarterly revenue was up 60.0% compared to the same quarter last year. During the same period last year, the business earned $0.33 EPS. As a group, analysts anticipate that FTAI Aviation Ltd. will post 2.21 earnings per share for the current year.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Thursday, November 14th. FTAI Aviation’s payout ratio 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.