3,242 Shares in FTAI Aviation Ltd. (NYSE:FTAI) Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc purchased a new stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 3,242 shares of the financial services provider’s stock, valued at approximately $431,000.

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

FTAI Aviation Stock Performance

NYSE:FTAI opened at $174.96 on Friday. The stock has a fifty day moving average price of $143.40 and a two-hundred day moving average price of $114.68. FTAI Aviation Ltd. has a 1 year low of $40.29 and a 1 year high of $176.01. The stock has a market capitalization of $17.94 billion, a price-to-earnings ratio of -1,749.60 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings results 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). The company had revenue of $465.80 million for the quarter, compared to analysts’ expectations 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 prior year, the business earned $0.33 EPS. On average, analysts predict that FTAI Aviation Ltd. will post 2.21 EPS for the current year.

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Thursday, November 14th. FTAI Aviation’s payout ratio is -1,200.00%.

Wall Street Analysts Forecast Growth

FTAI has been the topic of several recent analyst reports. 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. Deutsche Bank Aktiengesellschaft increased their price target on FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus raised shares of FTAI Aviation from a “hold” rating to a “buy” rating and increased their target price for the company from $69.00 to $132.00 in a research report on Friday, July 26th. JMP Securities lifted their price objective on shares of FTAI Aviation from $90.00 to $132.00 and gave the stock a “market outperform” rating in a report on Thursday, July 25th. Finally, Morgan Stanley reiterated an “underperform” rating on shares of FTAI Aviation in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $162.09.

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.