Farther Finance Advisors LLC Grows Stock Position in FTAI Aviation Ltd. (NYSE:FTAI)

Farther Finance Advisors LLC lifted its stake in FTAI Aviation Ltd. (NYSE:FTAI) by 118.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 349 shares of the financial services provider’s stock after buying an additional 189 shares during the quarter. Farther Finance Advisors LLC’s holdings in FTAI Aviation were worth $46,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FTAI. Arcadia Investment Management Corp MI acquired a new position in shares of FTAI Aviation in the second quarter worth about $33,000. Ridgewood Investments LLC acquired a new position in shares of FTAI Aviation during the 2nd quarter worth approximately $59,000. EverSource Wealth Advisors LLC lifted its position in shares of FTAI Aviation by 165.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,875 shares of the financial services provider’s stock valued at $202,000 after buying an additional 1,790 shares in the last quarter. RiverPark Advisors LLC acquired a new stake in FTAI Aviation in the 2nd quarter valued at $202,000. Finally, Profund Advisors LLC acquired a new position in FTAI Aviation during the second quarter worth $205,000. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Stock Performance

Shares of FTAI stock opened at $157.65 on Friday. FTAI Aviation Ltd. has a 1 year low of $40.29 and a 1 year high of $166.00. The stock has a fifty day moving average price of $138.16 and a 200 day moving average price of $111.42. The stock has a market cap of $16.11 billion, a PE ratio of -1,576.34 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.01). FTAI Aviation had a net margin of 1.59% and a return on equity of 198.02%. The business had revenue of $465.80 million during the quarter, compared to analyst estimates of $422.45 million. During the same quarter in the prior year, the company earned $0.33 earnings per share. The firm’s revenue for the quarter was up 60.0% compared to the same quarter last year. As a group, equities research analysts predict that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Thursday, November 14th. FTAI Aviation’s payout ratio is currently -1,199.88%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Stifel Nicolaus raised 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 report on Friday, July 26th. JMP Securities boosted their target price on FTAI Aviation from $90.00 to $132.00 and gave the stock a “market outperform” rating in a report on Thursday, July 25th. Benchmark boosted their price objective on FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Jefferies Financial Group boosted their price target on shares of FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Finally, Compass Point raised their price objective on shares of FTAI Aviation from $118.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Two 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’s stock. Based on data from MarketBeat, FTAI Aviation has a consensus rating of “Moderate Buy” and an average target price of $162.09.

FTAI Aviation Profile

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.