Verition Fund Management LLC Increases Position in FTAI Aviation Ltd. (NYSE:FTAI)

Verition Fund Management LLC raised its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 379.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,497 shares of the financial services provider’s stock after buying an additional 16,219 shares during the period. Verition Fund Management LLC’s holdings in FTAI Aviation were worth $2,724,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Cetera Advisors LLC bought a new stake in shares of FTAI Aviation during the first quarter valued at approximately $305,000. CWM LLC raised its stake in shares of FTAI Aviation by 88.0% during the second quarter. CWM LLC now owns 1,998 shares of the financial services provider’s stock valued at $206,000 after acquiring an additional 935 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of FTAI Aviation by 7.0% during the second quarter. Sequoia Financial Advisors LLC now owns 17,655 shares of the financial services provider’s stock valued at $1,823,000 after acquiring an additional 1,150 shares in the last quarter. Red Door Wealth Management LLC bought a new stake in shares of FTAI Aviation during the second quarter valued at approximately $206,000. Finally, Brookstone Capital Management bought a new stake in shares of FTAI Aviation during the second quarter valued at approximately $222,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FTAI. Barclays lifted their price target on shares of FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday. Jefferies Financial Group boosted their price objective on shares of FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Royal Bank of Canada reissued an “outperform” rating and issued a $160.00 price objective on shares of FTAI Aviation in a research note on Friday, November 1st. Compass Point boosted their price objective on shares of FTAI Aviation from $118.00 to $156.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, Citigroup boosted their price objective on shares of FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $166.18.

FTAI Aviation Trading Up 2.3 %

Shares of FTAI stock opened at $164.93 on Thursday. The business’s fifty day simple moving average is $149.71 and its 200-day simple moving average is $120.22. The company has a market cap of $16.91 billion, a PE ratio of -1,612.20 and a beta of 2.06. FTAI Aviation Ltd. has a 12-month low of $41.37 and a 12-month high of $177.18.

FTAI Aviation (NYSE:FTAI) last issued its quarterly 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 for the quarter, compared to analyst estimates of $422.45 million. FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The business’s revenue for the quarter was up 60.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.33 earnings per share. On average, equities analysts forecast that FTAI Aviation Ltd. will post 2.21 earnings per share for the current year.

FTAI Aviation Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend was Thursday, November 14th. FTAI Aviation’s dividend payout ratio (DPR) is presently -1,200.00%.

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.